Comerica Bank Has $468,000 Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Comerica Bank lifted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,144 shares of the business services provider’s stock after buying an additional 666 shares during the quarter. Comerica Bank’s holdings in Booz Allen Hamilton were worth $468,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Booz Allen Hamilton by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 1,481,657 shares of the business services provider’s stock worth $66,778,000 after buying an additional 123,410 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Booz Allen Hamilton by 13.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 17,594 shares of the business services provider’s stock worth $793,000 after purchasing an additional 2,027 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Booz Allen Hamilton by 7.3% in the fourth quarter. Bank of America Corp DE now owns 1,116,793 shares of the business services provider’s stock worth $50,335,000 after purchasing an additional 76,187 shares in the last quarter. Bailard Inc. lifted its position in shares of Booz Allen Hamilton by 8.5% in the fourth quarter. Bailard Inc. now owns 57,065 shares of the business services provider’s stock worth $2,572,000 after purchasing an additional 4,465 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Booz Allen Hamilton by 3.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 22,384 shares of the business services provider’s stock worth $1,009,000 after purchasing an additional 748 shares in the last quarter. Institutional investors own 94.51% of the company’s stock.

BAH has been the topic of a number of research reports. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Friday. Wells Fargo & Co reaffirmed a “buy” rating on shares of Booz Allen Hamilton in a research report on Friday, June 7th. SunTrust Banks upped their price target on shares of Booz Allen Hamilton to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Goldman Sachs Group started coverage on shares of Booz Allen Hamilton in a research report on Thursday, May 9th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group upped their price target on shares of Booz Allen Hamilton from $61.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. Booz Allen Hamilton presently has a consensus rating of “Buy” and a consensus price target of $60.40.

Shares of BAH stock traded up $0.72 on Monday, hitting $66.93. The company’s stock had a trading volume of 1,401,800 shares, compared to its average volume of 1,039,759. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.44 and a quick ratio of 1.44. The business has a 50 day simple moving average of $64.05. Booz Allen Hamilton Holding Co. has a fifty-two week low of $43.24 and a fifty-two week high of $67.00. The company has a market cap of $9.33 billion, a P/E ratio of 24.25, a PEG ratio of 1.77 and a beta of 0.94.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Tuesday, May 28th. The business services provider reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Booz Allen Hamilton had a net margin of 6.24% and a return on equity of 60.67%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. Booz Allen Hamilton’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Booz Allen Hamilton Holding Co. will post 3.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.92 annualized dividend and a yield of 1.37%. Booz Allen Hamilton’s dividend payout ratio is 33.33%.

In related news, VP Laura S. Adams sold 780 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $65.63, for a total transaction of $51,191.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.60% of the company’s stock.

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.

Featured Article: What is meant by buying and selling pressure?

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

Receive News & Ratings for Booz Allen Hamilton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton and related companies with MarketBeat.com's FREE daily email newsletter.