CIBC Asset Management Inc Sells 367 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

CIBC Asset Management Inc lessened its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 7.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,358 shares of the business services provider’s stock after selling 367 shares during the quarter. CIBC Asset Management Inc’s holdings in Booz Allen Hamilton were worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Booz Allen Hamilton in the fourth quarter worth about $188,129,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Booz Allen Hamilton by 64.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,992,096 shares of the business services provider’s stock worth $217,676,000 after acquiring an additional 778,437 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Booz Allen Hamilton by 19.3% during the third quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock valued at $497,084,000 after acquiring an additional 736,404 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Booz Allen Hamilton by 30.1% in the third quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock valued at $324,341,000 after purchasing an additional 686,318 shares during the period. Finally, AGF Management Ltd. grew its stake in Booz Allen Hamilton by 40.8% in the fourth quarter. AGF Management Ltd. now owns 1,089,265 shares of the business services provider’s stock worth $139,328,000 after purchasing an additional 315,495 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BAH. Wells Fargo & Company lifted their target price on Booz Allen Hamilton from $158.00 to $169.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Barclays upped their price objective on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 29th. Jefferies Financial Group raised their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. TD Cowen upped their price target on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Stifel Nicolaus lifted their price objective on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $159.78.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total value of $152,871.76. Following the completion of the transaction, the executive vice president now owns 29,739 shares of the company’s stock, valued at $4,519,138.44. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Richard Crowe sold 1,006 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total value of $152,871.76. Following the transaction, the executive vice president now directly owns 29,739 shares of the company’s stock, valued at $4,519,138.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Horacio Rozanski sold 34,571 shares of Booz Allen Hamilton stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $5,329,119.65. Following the sale, the chief executive officer now directly owns 579,025 shares of the company’s stock, valued at approximately $89,256,703.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,755 shares of company stock valued at $9,189,791. Insiders own 1.76% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $151.74 on Monday. The company has a 50 day moving average of $149.03 and a two-hundred day moving average of $140.95. The company has a market cap of $19.62 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 1.80 and a beta of 0.57. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.20. Booz Allen Hamilton Holding Co. has a twelve month low of $102.94 and a twelve month high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.10. Booz Allen Hamilton had a return on equity of 68.12% and a net margin of 5.68%. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the business earned $1.01 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, analysts predict that Booz Allen Hamilton Holding Co. will post 6.04 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, June 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.