AQR Capital Management LLC Has $28.03 Million Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

AQR Capital Management LLC lifted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,150 shares of the business services provider’s stock after buying an additional 7,671 shares during the period. AQR Capital Management LLC’s holdings in Booz Allen Hamilton were worth $28,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC raised its holdings in shares of Booz Allen Hamilton by 32.3% during the fourth quarter. Hsbc Holdings PLC now owns 103,466 shares of the business services provider’s stock worth $13,224,000 after acquiring an additional 25,265 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Booz Allen Hamilton by 5.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,215 shares of the business services provider’s stock worth $283,000 after acquiring an additional 110 shares in the last quarter. TD Asset Management Inc raised its holdings in Booz Allen Hamilton by 11.8% during the fourth quarter. TD Asset Management Inc now owns 158,299 shares of the business services provider’s stock valued at $20,248,000 after buying an additional 16,764 shares in the last quarter. Stifel Financial Corp raised its holdings in Booz Allen Hamilton by 16.6% during the fourth quarter. Stifel Financial Corp now owns 99,297 shares of the business services provider’s stock valued at $12,702,000 after buying an additional 14,131 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Booz Allen Hamilton by 31.5% during the fourth quarter. Allianz Asset Management GmbH now owns 33,334 shares of the business services provider’s stock valued at $4,264,000 after buying an additional 7,985 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of several recent research reports. Wells Fargo & Company upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $168.00 to $165.00 in a report on Monday, July 29th. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Barclays reduced their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, StockNews.com downgraded Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $159.33.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $162.05 on Monday. Booz Allen Hamilton Holding Co. has a 52-week low of $108.64 and a 52-week high of $164.43. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a fifty day moving average price of $152.43 and a two-hundred day moving average price of $151.19. The firm has a market capitalization of $20.96 billion, a P/E ratio of 35.23, a P/E/G ratio of 2.30 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. As a group, analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is presently 44.35%.

Insider Buying and Selling

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The disclosure for this sale can be found here. 1.59% of the stock is owned by corporate insiders.

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.