Allianz Asset Management GmbH lowered its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 23.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,196,578 shares of the business services provider’s stock after selling 368,086 shares during the period. Allianz Asset Management GmbH owned approximately 0.82% of Booz Allen Hamilton worth $44,740,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aureus Asset Management LLC boosted its holdings in Booz Allen Hamilton by 2.3% in the 3rd quarter. Aureus Asset Management LLC now owns 429,828 shares of the business services provider’s stock valued at $16,071,000 after purchasing an additional 9,672 shares during the period. Citadel Advisors LLC boosted its holdings in Booz Allen Hamilton by 120.4% in the 3rd quarter. Citadel Advisors LLC now owns 2,877,330 shares of the business services provider’s stock valued at $107,583,000 after purchasing an additional 1,571,542 shares during the period. JPMorgan Chase & Co. boosted its holdings in Booz Allen Hamilton by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 449,332 shares of the business services provider’s stock valued at $16,697,000 after purchasing an additional 81,568 shares during the period. Legal & General Group Plc boosted its holdings in Booz Allen Hamilton by 25.2% in the 3rd quarter. Legal & General Group Plc now owns 187,896 shares of the business services provider’s stock valued at $7,026,000 after purchasing an additional 37,873 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in Booz Allen Hamilton by 15.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 24,835 shares of the business services provider’s stock valued at $920,000 after purchasing an additional 3,288 shares during the period. Institutional investors and hedge funds own 92.60% of the company’s stock.

BAH has been the subject of a number of recent research reports. Stifel Nicolaus initiated coverage on shares of Booz Allen Hamilton in a report on Tuesday, November 21st. They issued a “buy” rating and a $46.00 price objective for the company. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Wednesday, November 8th. Jefferies Group raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Cowen reaffirmed a “buy” rating and set a $50.00 price target (up previously from $41.00) on shares of Booz Allen Hamilton in a report on Thursday, October 12th. Finally, Vertical Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Tuesday, October 3rd. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Booz Allen Hamilton presently has an average rating of “Buy” and a consensus target price of $40.95.

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) opened at $38.12 on Thursday. Booz Allen Hamilton Holding Co. has a twelve month low of $31.06 and a twelve month high of $39.67. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 3.33. The firm has a market cap of $5,622.51, a P/E ratio of 20.96, a PEG ratio of 2.39 and a beta of 1.28.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Monday, November 6th. The business services provider reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Booz Allen Hamilton had a net margin of 4.52% and a return on equity of 48.30%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. research analysts forecast that Booz Allen Hamilton Holding Co. will post 1.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, November 14th were paid a $0.17 dividend. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, November 13th. This represents a $0.68 annualized dividend and a yield of 1.78%. Booz Allen Hamilton’s dividend payout ratio is presently 37.57%.

In related news, EVP Elizabeth M. Thompson sold 28,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $36.69, for a total value of $1,027,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Horacio Rozanski sold 30,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $36.01, for a total transaction of $1,080,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 104,406 shares of company stock valued at $3,871,976. 3.04% of the stock is owned by insiders.

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Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

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

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