Assenagon Asset Management S.A. Invests $4.38 Million in Booz Allen Hamilton Holding Co. (BAH) Stock

Assenagon Asset Management S.A. purchased a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 88,295 shares of the business services provider’s stock, valued at approximately $4,382,000.

A number of other institutional investors have also bought and sold shares of the stock. Raymond James & Associates boosted its holdings in shares of Booz Allen Hamilton by 1.7% during the second quarter. Raymond James & Associates now owns 70,143 shares of the business services provider’s stock worth $3,067,000 after acquiring an additional 1,176 shares during the period. GAM Holding AG boosted its holdings in shares of Booz Allen Hamilton by 5.0% during the second quarter. GAM Holding AG now owns 36,254 shares of the business services provider’s stock worth $1,585,000 after acquiring an additional 1,741 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Booz Allen Hamilton by 85.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 3,814 shares of the business services provider’s stock worth $189,000 after acquiring an additional 1,756 shares during the period. Amalgamated Bank boosted its holdings in shares of Booz Allen Hamilton by 8.6% during the second quarter. Amalgamated Bank now owns 32,816 shares of the business services provider’s stock worth $1,435,000 after acquiring an additional 2,596 shares during the period. Finally, BlueMountain Capital Management LLC boosted its holdings in shares of Booz Allen Hamilton by 2.8% during the second quarter. BlueMountain Capital Management LLC now owns 99,247 shares of the business services provider’s stock worth $4,340,000 after acquiring an additional 2,750 shares during the period. Institutional investors and hedge funds own 93.25% of the company’s stock.

Shares of BAH stock opened at $47.80 on Friday. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.45 and a quick ratio of 1.48. The company has a market capitalization of $6.80 billion, a P/E ratio of 23.78, a P/E/G ratio of 1.33 and a beta of 1.09. Booz Allen Hamilton Holding Co. has a 1 year low of $35.21 and a 1 year high of $52.56.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Monday, October 29th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Booz Allen Hamilton had a return on equity of 58.75% and a net margin of 5.50%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share. As a group, analysts predict that Booz Allen Hamilton Holding Co. will post 2.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, November 14th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, November 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 37.81%.

A number of equities research analysts have recently issued reports on the company. Credit Suisse Group boosted their price objective on Booz Allen Hamilton from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, October 30th. Cowen restated a “buy” rating and set a $54.00 price objective on shares of Booz Allen Hamilton in a report on Monday, October 29th. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Monday, July 16th. Wells Fargo & Co boosted their price objective on Booz Allen Hamilton from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, October 30th. Finally, Drexel Hamilton restated a “hold” rating on shares of Booz Allen Hamilton in a report on Monday, July 30th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $52.89.

In related news, Director Gretchen W. Mcclain sold 1,985 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $50.03, for a total value of $99,309.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kristine Anderson sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $51.54, for a total value of $1,030,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,985 shares of company stock valued at $3,012,890. 3.56% of the stock is currently owned by corporate insiders.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

Further Reading: How to interpret a stock’s beta number

Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Co. (NYSE:BAH).

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

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