Commonwealth Bank of Australia Acquires 11,900 Shares of Booz Allen Hamilton Holding Co. (BAH)

Commonwealth Bank of Australia boosted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 79.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,800 shares of the business services provider’s stock after purchasing an additional 11,900 shares during the period. Commonwealth Bank of Australia’s holdings in Booz Allen Hamilton were worth $1,327,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Booz Allen Hamilton by 25.3% during the second quarter. BlackRock Inc. now owns 8,310,569 shares of the business services provider’s stock valued at $363,419,000 after acquiring an additional 1,677,212 shares during the period. American Century Companies Inc. raised its holdings in shares of Booz Allen Hamilton by 157.6% during the third quarter. American Century Companies Inc. now owns 4,971,183 shares of the business services provider’s stock valued at $246,720,000 after acquiring an additional 3,041,524 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Booz Allen Hamilton by 12.1% during the third quarter. Wells Fargo & Company MN now owns 3,882,800 shares of the business services provider’s stock valued at $192,703,000 after acquiring an additional 420,157 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Booz Allen Hamilton by 541.4% during the third quarter. JPMorgan Chase & Co. now owns 1,885,425 shares of the business services provider’s stock valued at $93,574,000 after acquiring an additional 1,591,484 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Booz Allen Hamilton by 18.9% during the second quarter. Bank of America Corp DE now owns 1,014,530 shares of the business services provider’s stock valued at $44,365,000 after acquiring an additional 161,426 shares during the period. Institutional investors and hedge funds own 95.94% of the company’s stock.

In other news, insider Kristine Anderson sold 20,000 shares of the stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $51.54, for a total transaction of $1,030,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ralph W. Shrader sold 30,000 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $51.06, for a total transaction of $1,531,800.00. The disclosure for this sale can be found here. Corporate insiders own 3.56% of the company’s stock.

BAH has been the topic of several research reports. Drexel Hamilton reiterated a “hold” rating on shares of Booz Allen Hamilton in a research note on Monday, July 30th. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 31st. Zacks Investment Research lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Cowen reiterated a “buy” rating and issued a $54.00 price objective on shares of Booz Allen Hamilton in a research note on Monday, October 29th. Finally, Citigroup upped their price objective on shares of Booz Allen Hamilton from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Booz Allen Hamilton presently has an average rating of “Buy” and an average price target of $53.22.

Booz Allen Hamilton stock opened at $51.21 on Friday. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 1.35 and a beta of 1.09. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.67. Booz Allen Hamilton Holding Co. has a twelve month low of $35.21 and a twelve month high of $52.88.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Monday, October 29th. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.64 billion. Booz Allen Hamilton had a net margin of 5.50% and a return on equity of 58.75%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS. Equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 2.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 37.81%.

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Booz Allen Hamilton Company Profile

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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