ING Groep NV Takes $2.39 Million Position in Booz Allen Hamilton Holding Corporation $BAH

ING Groep NV purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 23,900 shares of the business services provider’s stock, valued at approximately $2,389,000.

A number of other large investors also recently bought and sold shares of BAH. Rakuten Securities Inc. increased its stake in Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after purchasing an additional 199 shares during the period. West Branch Capital LLC grew its holdings in shares of Booz Allen Hamilton by 58.3% in the third quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in Booz Allen Hamilton by 244.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock worth $29,000 after buying an additional 205 shares during the period. Golden State Wealth Management LLC lifted its holdings in Booz Allen Hamilton by 244.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 338 shares of the business services provider’s stock valued at $35,000 after buying an additional 240 shares in the last quarter. Finally, Eastern Bank bought a new stake in Booz Allen Hamilton during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Citigroup increased their price objective on Booz Allen Hamilton from $93.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. TD Cowen lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Friday, October 17th. Truist Financial set a $98.00 target price on Booz Allen Hamilton in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.25.

Booz Allen Hamilton Trading Up 1.8%

Shares of NYSE BAH opened at $79.31 on Friday. Booz Allen Hamilton Holding Corporation has a 1-year low of $76.83 and a 1-year high of $130.91. The business has a fifty day moving average price of $89.45 and a 200 day moving average price of $94.92. The stock has a market capitalization of $9.56 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 4.57 and a beta of 0.33. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.81.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 23rd. The business services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.51. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.74 billion. Booz Allen Hamilton had a net margin of 7.35% and a return on equity of 76.79%. During the same period in the previous year, the company posted $1.55 earnings per share. The firm’s revenue was down 10.2% on a year-over-year basis. Booz Allen Hamilton has set its FY 2026 guidance at 5.950-6.150 EPS. Equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.55. This represents a $2.36 dividend on an annualized basis and a yield of 3.0%. Booz Allen Hamilton’s dividend payout ratio is currently 32.69%.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.