Citizens Financial Group Inc. RI Acquires 9,323 Shares of Booz Allen Hamilton Holding Corporation $BAH

Citizens Financial Group Inc. RI acquired a new stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 9,323 shares of the business services provider’s stock, valued at approximately $647,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of Booz Allen Hamilton by 1,122.9% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the business services provider’s stock worth $36,000 after buying an additional 539 shares during the period. Axiom Investment Management LLC acquired a new position in Booz Allen Hamilton in the first quarter valued at $44,000. Root Financial Partners LLC acquired a new position in Booz Allen Hamilton in the third quarter valued at $49,000. IFP Advisors Inc boosted its holdings in Booz Allen Hamilton by 24.8% in the second quarter. IFP Advisors Inc now owns 1,377 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 274 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in Booz Allen Hamilton during the first quarter valued at about $184,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $84.08 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.59 and a debt-to-equity ratio of 3.53. The company has a market cap of $9.97 billion, a PE ratio of 11.73, a P/E/G ratio of 1.90 and a beta of 0.37. The company’s fifty day simple moving average is $74.88 and its 200-day simple moving average is $76.75. Booz Allen Hamilton Holding Corporation has a 52 week low of $59.50 and a 52 week high of $109.10.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, October 23rd. The business services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.28. Booz Allen Hamilton had a net margin of 7.14% and a return on equity of 75.00%. The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the company earned $1.49 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.500-6.700 EPS. As a group, equities research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.58 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, November 12th. Booz Allen Hamilton’s payout ratio is currently 36.65%.

Analyst Upgrades and Downgrades

BAH has been the subject of several research analyst reports. TD Cowen upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and upped their price target for the stock from $77.00 to $95.00 in a research note on Monday. The Goldman Sachs Group reduced their price objective on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a research note on Tuesday, July 14th. Cantor Fitzgerald reduced their price objective on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Truist Financial upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and boosted their target price for the stock from $70.00 to $85.00 in a report on Thursday, October 8th. Finally, Jefferies Financial Group dropped their target price on shares of Booz Allen Hamilton from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Wednesday, October 7th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $89.29.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that provides services primarily to governments, defense and intelligence organizations, and commercial clients. The company helps organizations address complex challenges involving strategy, technology modernization, cybersecurity, data and analytics, artificial intelligence, engineering, and mission operations.

Its government-related work spans defense, national security, intelligence, civil government, and health markets.