TD Asset Management Inc Has $49.34 Million Stock Position in Booz Allen Hamilton Holding Corporation $BAH

by · The Markets Daily

TD Asset Management Inc increased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 17.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 584,832 shares of the business services provider’s stock after purchasing an additional 85,457 shares during the quarter. TD Asset Management Inc’s holdings in Booz Allen Hamilton were worth $49,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. boosted its stake in Booz Allen Hamilton by 26.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 600 shares of the business services provider’s stock worth $60,000 after purchasing an additional 124 shares during the period. Ipsen Advisor Group LLC boosted its stake in Booz Allen Hamilton by 3.4% in the 3rd quarter. Ipsen Advisor Group LLC now owns 4,244 shares of the business services provider’s stock worth $424,000 after purchasing an additional 138 shares during the period. Colonial Trust Co SC boosted its stake in Booz Allen Hamilton by 6.1% in the 3rd quarter. Colonial Trust Co SC now owns 2,669 shares of the business services provider’s stock worth $267,000 after purchasing an additional 154 shares during the period. CI Investments Inc. boosted its stake in Booz Allen Hamilton by 4.0% in the 3rd quarter. CI Investments Inc. now owns 4,587 shares of the business services provider’s stock worth $458,000 after purchasing an additional 175 shares during the period. Finally, Activest Wealth Management boosted its stake in Booz Allen Hamilton by 141.3% in the 4th quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock worth $26,000 after purchasing an additional 178 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BAH. BNP Paribas Exane began coverage on shares of Booz Allen Hamilton in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 target price for the company. Wells Fargo & Company began coverage on shares of Booz Allen Hamilton in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price target on the stock. Jefferies Financial Group set a $85.00 price target on shares of Booz Allen Hamilton in a research report on Monday, May 11th. Truist Financial cut their price target on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Finally, TD Cowen reissued a “hold” rating on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $88.00.

View Our Latest Report on BAH

Booz Allen Hamilton Stock Down 0.7%

Shares of BAH stock opened at $79.48 on Friday. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.78 and a current ratio of 1.78. The firm’s 50-day moving average is $78.89 and its 200-day moving average is $82.87. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 4.55 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a 52-week low of $68.83 and a 52-week high of $120.04.

Booz Allen Hamilton (NYSE:BAH – Get Free Report) last issued its earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. Booz Allen Hamilton’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Sell-side analysts predict that Booz Allen Hamilton Holding Corporation will post 6.26 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio is presently 34.25%.

About Booz Allen Hamilton

(Free Report)

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.

See Also

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