Cullen Frost Bankers Inc. Sells 297 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cullen Frost Bankers Inc. cut its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,599 shares of the business services provider’s stock after selling 297 shares during the period. Cullen Frost Bankers Inc.’s holdings in Booz Allen Hamilton were worth $206,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BAH. Van ECK Associates Corp increased its holdings in shares of Booz Allen Hamilton by 51.7% during the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock worth $122,472,000 after buying an additional 324,159 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Booz Allen Hamilton during the third quarter worth $48,349,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Booz Allen Hamilton by 28.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after buying an additional 285,621 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Booz Allen Hamilton by 878.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 243,882 shares of the business services provider’s stock worth $31,388,000 after buying an additional 218,949 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Booz Allen Hamilton by 111.6% during the third quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock worth $58,077,000 after buying an additional 188,185 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $116.68 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $14.78 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The firm’s fifty day simple moving average is $125.17 and its two-hundred day simple moving average is $145.18. Booz Allen Hamilton Holding Co. has a 12 month low of $101.82 and a 12 month high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a $0.55 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 1.89%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.79%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BAH. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. Truist Financial decreased their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. William Blair downgraded Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. The Goldman Sachs Group decreased their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their price objective on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $158.27.

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.