Booz Allen Hamilton (NYSE:BAH) Cut to Underweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton (NYSE:BAH) from a neutral rating to an underweight rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has $158.00 price target on the business services provider’s stock, up from their previous price target of $154.00.

Several other equities research analysts have also commented on BAH. TD Cowen decreased their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a buy rating on the stock in a research report on Monday, July 29th. Barclays lowered their target price on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an underweight rating on the stock in a research report on Tuesday, July 30th. Truist Financial increased their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a hold rating in a report on Thursday, September 5th. Wells Fargo & Company upped their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock an overweight rating in a report on Tuesday. Finally, StockNews.com cut Booz Allen Hamilton from a hold rating to a sell rating in a report on Wednesday, September 25th. Three analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $166.00.

Booz Allen Hamilton Trading Down 0.2 %

NYSE BAH opened at $160.69 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $20.78 billion, a P/E ratio of 34.93, a P/E/G ratio of 2.30 and a beta of 0.59. Booz Allen Hamilton has a 52-week low of $114.69 and a 52-week high of $164.43. The firm has a 50-day moving average price of $153.29 and a 200 day moving average price of $151.70.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Equities research analysts expect that Booz Allen Hamilton will post 5.96 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.27%. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the transaction, the director now directly owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the sale, the director now directly owns 18,123 shares of the company’s stock, valued at $2,597,207.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC lifted its position in Booz Allen Hamilton by 5.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,215 shares of the business services provider’s stock worth $283,000 after buying an additional 110 shares during the period. Stifel Financial Corp increased its stake in shares of Booz Allen Hamilton by 16.6% during the 4th quarter. Stifel Financial Corp now owns 99,297 shares of the business services provider’s stock valued at $12,702,000 after acquiring an additional 14,131 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Booz Allen Hamilton by 31.5% during the 4th quarter. Allianz Asset Management GmbH now owns 33,334 shares of the business services provider’s stock worth $4,264,000 after acquiring an additional 7,985 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Booz Allen Hamilton by 1.4% during the 4th quarter. California State Teachers Retirement System now owns 213,082 shares of the business services provider’s stock worth $27,255,000 after acquiring an additional 3,036 shares during the period. Finally, KBC Group NV boosted its position in shares of Booz Allen Hamilton by 25.4% in the fourth quarter. KBC Group NV now owns 29,096 shares of the business services provider’s stock worth $3,722,000 after acquiring an additional 5,890 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.