Rathbones Group PLC Has $63.34 Million Stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Rathbones Group PLC increased its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 10.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 605,692 shares of the business services provider’s stock after acquiring an additional 58,421 shares during the period. Rathbones Group PLC owned about 0.48% of Booz Allen Hamilton worth $63,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider’s stock worth $26,000 after acquiring an additional 105 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $33,000. Versant Capital Management Inc raised its holdings in shares of Booz Allen Hamilton by 627.3% during the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider’s stock worth $33,000 after acquiring an additional 276 shares during the period. CX Institutional acquired a new stake in shares of Booz Allen Hamilton during the first quarter worth $33,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $34,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Down 1.1%

BAH stock opened at $109.21 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66. The firm has a market capitalization of $13.46 billion, a PE ratio of 13.42, a PEG ratio of 1.73 and a beta of 0.47. Booz Allen Hamilton Holding Corporation has a 1-year low of $98.95 and a 1-year high of $190.59. The business’s 50 day simple moving average is $106.40 and its 200 day simple moving average is $112.53.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 EPS. As a group, research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 27.03%.

Wall Street Analysts Forecast Growth

BAH has been the topic of several recent research reports. Wall Street Zen lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. UBS Group set a $119.00 price target on shares of Booz Allen Hamilton and gave the company a “neutral” rating in a research note on Monday, July 28th. Stifel Nicolaus lifted their price target on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, July 28th. Wells Fargo & Company lowered their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an “underweight” rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $134.00.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.