Asset Management One Reduces Stake in Booz Allen Hamilton by 3.7%

Asset Management One Co. Ltd. has decreased its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 3.7% during the second quarter of 2023, as revealed in its latest 13F filing with the Securities and Exchange Commission. Following the sale of 1,945 shares, the institutional investor now owns 50,944 shares of the management and technology consulting firm, valued at approximately $5.3 million.

Several other institutional investors have also adjusted their stakes in Booz Allen Hamilton recently. Personal CFO Solutions LLC increased its shareholding by 3.5% in the first quarter, now owning 2,739 shares worth $286,000 after acquiring an additional 92 shares. Roundview Capital LLC has raised its stake by 0.3% in the second quarter, now holding 37,258 shares valued at $3.88 million. Raiffeisen Bank International AG and Intrust Bank NA also increased their stakes, with Raiffeisen adding 100 shares for a total worth of $225,000, while Intrust Bank acquired an additional 113 shares, bringing its total to 4,544 shares valued at $475,000. Sequoia Financial Advisors LLC increased its position by 1.9%, now owning 6,483 shares valued at $675,000. Overall, hedge funds and institutional investors control approximately 91.82% of the company’s stock.

Recent Analyst Ratings and Stock Performance

Booz Allen Hamilton has faced a series of mixed ratings from analysts recently. Zacks Research downgraded the stock from a “hold” to a “strong sell” on October 14. Additionally, JPMorgan Chase & Co. reduced its price target from $122.00 to $90.00, assigning an “underweight” rating. On the other hand, TD Cowen maintained a “hold” rating but revised the price target down to $105.00, while Bank of America similarly downgraded its rating to “underperform” with a price objective of $90.00. Out of the analysts covering the stock, one rated it as a Strong Buy, two as Buy, nine as Hold, and four as Sell, leading to an average rating of “Hold” and a consensus target price of $117.42, according to MarketBeat.

On October 24, 2023, Booz Allen Hamilton reported its earnings, posting an earnings per share (EPS) of $1.49, matching analysts’ expectations. The company generated $2.89 billion in revenue for the quarter, although this fell short of the analyst consensus of $2.99 billion. Year-over-year, the revenue decreased by 8.1%, compared to $1.81 EPS during the same quarter the previous year. The company’s return on equity stood at 71.87% with a net margin of 7.06%. Booz Allen Hamilton has set its fiscal year 2026 guidance at an EPS range of $5.450–$5.650.

Dividend Announcement and Company Profile

Booz Allen Hamilton recently declared a quarterly dividend of $0.55, which will be distributed on December 2, 2023, to shareholders on record as of November 14. This dividend represents an annualized payout of $2.20 and a yield of 2.6%. The company’s dividend payout ratio is 33.59%.

Booz Allen Hamilton Holding Corporation provides a wide array of services, including management and technology consulting, analytics, engineering, digital solutions, mission operations, and cybersecurity services to governments, corporations, and not-for-profit organizations both domestically and internationally. Its focus includes advanced technologies such as artificial intelligence, machine learning, predictive modeling, and quantum computing.