Ameriprise Financial Inc. Has $682.32 Million Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Ameriprise Financial Inc. lessened its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,432,613 shares of the business services provider’s stock after selling 13,128 shares during the period. Ameriprise Financial Inc. owned 3.43% of Booz Allen Hamilton worth $682,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of Booz Allen Hamilton in the 2nd quarter worth about $26,000. OFI Invest Asset Management acquired a new stake in Booz Allen Hamilton during the second quarter worth approximately $29,000. Banque Cantonale Vaudoise increased its holdings in Booz Allen Hamilton by 112.4% in the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. MCF Advisors LLC lifted its stake in Booz Allen Hamilton by 103.6% in the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after buying an additional 115 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Booz Allen Hamilton Price Performance

BAH stock opened at $159.57 on Friday. The company has a market capitalization of $20.61 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 2.30 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a 52-week low of $108.58 and a 52-week high of $164.43. The business has a 50-day simple moving average of $152.31 and a two-hundred day simple moving average of $151.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55.

Booz Allen Hamilton (NYSE:BAH) last announced its 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 company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. Research analysts expect that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is currently 44.35%.

Insider Buying and Selling

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