Pinebridge Investments L.P. raised its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 6.1% during the second quarter, Holdings Channel.com reports. The firm owned 45,933 shares of the business services provider’s stock after buying an additional 2,631 shares during the period. Pinebridge Investments L.P.’s holdings in Booz Allen Hamilton were worth $3,041,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. APG Asset Management N.V. lifted its holdings in shares of Booz Allen Hamilton by 67.0% during the 2nd quarter. APG Asset Management N.V. now owns 2,925,700 shares of the business services provider’s stock worth $170,101,000 after acquiring an additional 1,173,300 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Booz Allen Hamilton by 949.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,289,145 shares of the business services provider’s stock worth $74,952,000 after acquiring an additional 1,166,271 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Booz Allen Hamilton by 45.6% during the 1st quarter. JPMorgan Chase & Co. now owns 3,725,749 shares of the business services provider’s stock worth $216,615,000 after acquiring an additional 1,166,205 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Booz Allen Hamilton by 31.5% during the 1st quarter. Wells Fargo & Company MN now owns 4,819,100 shares of the business services provider’s stock worth $280,183,000 after acquiring an additional 1,154,785 shares during the period. Finally, AGF Investments Inc. purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter worth about $56,872,000. Institutional investors own 92.02% of the company’s stock.

NYSE BAH traded down $1.07 during mid-day trading on Friday, hitting $69.48. The company’s stock had a trading volume of 718,129 shares, compared to its average volume of 1,020,878. Booz Allen Hamilton Holding Co. has a 52-week low of $43.24 and a 52-week high of $78.01. The stock’s fifty day simple moving average is $72.42 and its two-hundred day simple moving average is $63.91. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market capitalization of $9.89 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Monday, July 29th. The business services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.11. Booz Allen Hamilton had a net margin of 6.27% and a return on equity of 59.44%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm posted $0.72 earnings per share. Booz Allen Hamilton’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities analysts forecast that Booz Allen Hamilton Holding Co. will post 3.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, August 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 33.33%.

In other Booz Allen Hamilton news, CFO Lloyd Howell, Jr. sold 74,279 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $67.19, for a total value of $4,990,806.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nancy Laben sold 11,340 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $69.00, for a total transaction of $782,460.00. The disclosure for this sale can be found here. Insiders sold 197,008 shares of company stock valued at $13,573,421 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on BAH shares. Wells Fargo & Co lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $71.00 to $74.00 in a report on Tuesday, July 30th. SunTrust Banks raised their price target on shares of Booz Allen Hamilton to $80.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Jefferies Financial Group raised their price target on shares of Booz Allen Hamilton from $61.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, May 29th. Zacks Investment Research upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Friday, June 28th. Finally, Citigroup raised their price target on shares of Booz Allen Hamilton from $65.00 to $71.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.30.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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