JPMorgan Chase & Co. increased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 73.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 537,505 shares of the business services provider’s stock after buying an additional 228,253 shares during the period. JPMorgan Chase & Co.’s holdings in Booz Allen Hamilton Holding Corporation were worth $19,022,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BAH. Comerica Bank boosted its stake in Booz Allen Hamilton Holding Corporation by 2.8% in the first quarter. Comerica Bank now owns 8,689 shares of the business services provider’s stock worth $314,000 after buying an additional 237 shares during the period. World Asset Management Inc boosted its stake in Booz Allen Hamilton Holding Corporation by 17.4% in the first quarter. World Asset Management Inc now owns 6,765 shares of the business services provider’s stock worth $239,000 after buying an additional 1,002 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Booz Allen Hamilton Holding Corporation by 7.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 18,168 shares of the business services provider’s stock worth $643,000 after buying an additional 1,182 shares during the period. Point View Wealth Management Inc. boosted its stake in Booz Allen Hamilton Holding Corporation by 14.6% in the first quarter. Point View Wealth Management Inc. now owns 12,434 shares of the business services provider’s stock worth $440,000 after buying an additional 1,582 shares during the period. Finally, Suntrust Banks Inc. boosted its stake in Booz Allen Hamilton Holding Corporation by 33.1% in the first quarter. Suntrust Banks Inc. now owns 9,792 shares of the business services provider’s stock worth $346,000 after buying an additional 2,436 shares during the period. 98.14% of the stock is currently owned by institutional investors.

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

Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) opened at 31.90 on Friday. The firm has a market capitalization of $4.72 billion, a PE ratio of 19.16 and a beta of 1.21. The company has a 50-day moving average price of $37.33 and a 200 day moving average price of $36.26. Booz Allen Hamilton Holding Corporation has a 12-month low of $27.47 and a 12-month high of $39.67.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last issued its earnings results on Monday, May 22nd. The business services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. Booz Allen Hamilton Holding Corporation had a net margin of 4.35% and a return on equity of 49.46%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts expect that Booz Allen Hamilton Holding Corporation will post $1.88 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Saturday, June 10th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.68 annualized dividend and a yield of 2.13%. Booz Allen Hamilton Holding Corporation’s payout ratio is currently 40.72%.

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A number of equities research analysts have recently commented on BAH shares. Evercore ISI started coverage on Booz Allen Hamilton Holding Corporation in a research report on Tuesday, April 4th. They set an “in-line” rating and a $38.00 target price on the stock. They noted that the move was a valuation call. Zacks Investment Research upgraded Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, April 4th. Jefferies Group LLC set a $41.00 price objective on Booz Allen Hamilton Holding Corporation and gave the stock a “buy” rating in a report on Thursday, March 16th. Wells Fargo & Company reiterated an “outperform” rating and issued a $40.00 price objective (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a report on Friday. Finally, Cowen and Company reiterated an “outperform” rating and issued a $43.00 price objective on shares of Booz Allen Hamilton Holding Corporation in a report on Thursday, April 6th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Booz Allen Hamilton Holding Corporation presently has a consensus rating of “Hold” and a consensus price target of $38.35.

In other Booz Allen Hamilton Holding Corporation news, CFO Lloyd Howell, Jr. sold 45,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $39.01, for a total transaction of $1,755,450.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Joseph W. Mahaffee sold 120,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $38.25, for a total transaction of $4,590,000.00. The disclosure for this sale can be found here. Insiders have sold 239,140 shares of company stock worth $9,225,081 over the last 90 days. 3.76% of the stock is currently owned by company insiders.

Booz Allen Hamilton Holding Corporation Company Profile

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

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