JPMorgan Chase & Co. increased its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 22.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,332 shares of the business services provider’s stock after acquiring an additional 81,568 shares during the period. JPMorgan Chase & Co. owned approximately 0.31% of Booz Allen Hamilton worth $16,697,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in Booz Allen Hamilton by 13.1% during the second quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock worth $113,000 after buying an additional 405 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in Booz Allen Hamilton by 27.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 4,602 shares of the business services provider’s stock worth $150,000 after buying an additional 1,001 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Booz Allen Hamilton by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock worth $150,000 after buying an additional 347 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Booz Allen Hamilton during the second quarter worth approximately $206,000. Finally, Fiduciary Trust Co. bought a new stake in Booz Allen Hamilton during the second quarter worth approximately $217,000. Institutional investors and hedge funds own 92.81% of the company’s stock.
In related news, insider Susan L. Penfield sold 30,022 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $38.31, for a total value of $1,150,142.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.04% of the company’s stock.
Booz Allen Hamilton Holding Co. (BAH) traded up $0.17 during trading on Wednesday, hitting $39.17. 524,618 shares of the stock were exchanged, compared to its average volume of 860,300. The company has a market cap of $5,710.00, a P/E ratio of 21.76, a P/E/G ratio of 2.36 and a beta of 1.28. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 3.33. Booz Allen Hamilton Holding Co. has a fifty-two week low of $31.06 and a fifty-two week high of $39.67.
Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Booz Allen Hamilton had a net margin of 4.52% and a return on equity of 48.30%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm earned $0.46 EPS. Booz Allen Hamilton’s revenue for the quarter was up 10.6% on a year-over-year basis. equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 1.92 EPS for the current year.
Several equities research analysts recently commented on the stock. Jefferies Group restated a “hold” rating and issued a $36.00 price target on shares of Booz Allen Hamilton in a research report on Thursday, September 21st. Vertical Research upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Monday, October 9th. Cowen restated a “buy” rating and issued a $50.00 price target (up previously from $41.00) on shares of Booz Allen Hamilton in a research report on Thursday, October 12th. Finally, Wells Fargo & Co upped their price target on shares of Booz Allen Hamilton from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Booz Allen Hamilton presently has an average rating of “Buy” and an average price target of $41.32.
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Booz Allen Hamilton 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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