PNC Financial Services Group Inc. Sells 21,338 Shares of Booz Allen Hamilton Holding Corporation $BAH

PNC Financial Services Group Inc. cut its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAHFree Report) by 24.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,557 shares of the business services provider’s stock after selling 21,338 shares during the period. PNC Financial Services Group Inc.’s holdings in Booz Allen Hamilton were worth $5,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Tredje AP fonden bought a new stake in shares of Booz Allen Hamilton during the fourth quarter worth approximately $917,000. ProShare Advisors LLC bought a new stake in shares of Booz Allen Hamilton during the fourth quarter worth approximately $410,000. North Dakota State Investment Board bought a new stake in shares of Booz Allen Hamilton during the fourth quarter worth approximately $361,000. Stephens Inc. AR bought a new stake in shares of Booz Allen Hamilton during the fourth quarter worth approximately $215,000. Finally, AlphaCore Capital LLC bought a new stake in shares of Booz Allen Hamilton during the fourth quarter worth approximately $435,000. 91.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. UBS Group restated a “neutral” rating and set a $97.00 price objective on shares of Booz Allen Hamilton in a report on Tuesday, January 27th. Weiss Ratings cut shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Wells Fargo & Company started coverage on shares of Booz Allen Hamilton in a report on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective for the company. Finally, Jefferies Financial Group set a $85.00 price target on shares of Booz Allen Hamilton in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Reduce” and a consensus target price of $93.33.

Get Our Latest Analysis on Booz Allen Hamilton

Key Stories Impacting Booz Allen Hamilton

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Booz Allen Hamilton Stock Performance

Shares of BAH opened at $78.70 on Monday. Booz Allen Hamilton Holding Corporation has a 12 month low of $68.83 and a 12 month high of $120.04. The firm has a fifty day simple moving average of $78.57 and a 200 day simple moving average of $83.23. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 4.54 and a beta of 0.32. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76.

Booz Allen Hamilton (NYSE:BAHGet Free Report) last posted its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.46. Booz Allen Hamilton had a net margin of 7.35% and a return on equity of 76.79%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.13 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio is 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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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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