APG Asset Management N.V. Acquires 13,600 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

APG Asset Management N.V. grew its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 991,029 shares of the business services provider’s stock after purchasing an additional 13,600 shares during the quarter. APG Asset Management N.V.’s holdings in Booz Allen Hamilton were worth $71,183,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BAH. JPMorgan Chase & Co. grew its position in Booz Allen Hamilton by 43.2% in the second quarter. JPMorgan Chase & Co. now owns 9,236,973 shares of the business services provider’s stock worth $786,806,000 after acquiring an additional 2,785,378 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Booz Allen Hamilton by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,991,085 shares of the business services provider’s stock worth $1,287,762,000 after acquiring an additional 768,960 shares in the last quarter. Lazard Asset Management LLC grew its position in Booz Allen Hamilton by 57.9% in the second quarter. Lazard Asset Management LLC now owns 1,288,568 shares of the business services provider’s stock worth $109,759,000 after acquiring an additional 472,265 shares in the last quarter. Eaton Vance Management grew its position in Booz Allen Hamilton by 258.7% in the first quarter. Eaton Vance Management now owns 620,353 shares of the business services provider’s stock worth $49,957,000 after acquiring an additional 447,419 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Booz Allen Hamilton by 221.7% in the second quarter. Bank of Montreal Can now owns 432,051 shares of the business services provider’s stock worth $37,143,000 after acquiring an additional 297,747 shares in the last quarter. 89.19% of the stock is owned by institutional investors.

Several analysts recently issued reports on BAH shares. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Monday, October 4th. Cowen upped their price objective on shares of Booz Allen Hamilton from $93.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, September 16th. Truist upped their price objective on shares of Booz Allen Hamilton from $80.00 to $88.00 and gave the stock a “hold” rating in a report on Monday, August 2nd. Morgan Stanley upped their price objective on shares of Booz Allen Hamilton from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Friday, June 18th. Finally, Truist Securities upped their price objective on shares of Booz Allen Hamilton from $80.00 to $88.00 and gave the stock a “hold” rating in a report on Monday, August 2nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Buy” and a consensus target price of $90.88.

NYSE:BAH opened at $80.31 on Thursday. The stock has a market cap of $10.86 billion, a P/E ratio of 19.54, a PEG ratio of 2.35 and a beta of 0.72. Booz Allen Hamilton Holding Co. has a one year low of $74.32 and a one year high of $100.26. The company has a fifty day moving average price of $80.91 and a 200 day moving average price of $83.77. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.81 and a quick ratio of 1.81.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Thursday, July 29th. The business services provider reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.10. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Booz Allen Hamilton had a net margin of 7.24% and a return on equity of 53.87%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 EPS. As a group, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 4.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 31st. Stockholders of record on Monday, August 16th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, August 13th. Booz Allen Hamilton’s dividend payout ratio is 37.95%.

In related news, EVP Karen M. Dahut sold 42,495 shares of the stock in a transaction dated Friday, July 16th. The shares were sold at an average price of $89.49, for a total transaction of $3,802,877.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lloyd Howell, Jr. sold 5,989 shares of the stock in a transaction dated Wednesday, July 28th. The stock was sold at an average price of $90.01, for a total transaction of $539,069.89. The disclosure for this sale can be found here. Corporate insiders own 1.92% of the company’s stock.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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