Allworth Financial LP Decreases Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Allworth Financial LP trimmed its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,557 shares of the business services provider’s stock after selling 92 shares during the quarter. Allworth Financial LP’s holdings in Booz Allen Hamilton were worth $253,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Legacy Wealth Asset Management LLC boosted its position in Booz Allen Hamilton by 5.6% during the third quarter. Legacy Wealth Asset Management LLC now owns 2,651 shares of the business services provider’s stock valued at $431,000 after buying an additional 140 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in Booz Allen Hamilton by 6.4% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 21,729 shares of the business services provider’s stock valued at $3,537,000 after acquiring an additional 1,303 shares during the period. X Square Capital LLC boosted its holdings in Booz Allen Hamilton by 3.6% during the 3rd quarter. X Square Capital LLC now owns 10,891 shares of the business services provider’s stock valued at $1,773,000 after acquiring an additional 382 shares during the period. Brighton Jones LLC purchased a new position in Booz Allen Hamilton in the 3rd quarter worth approximately $222,000. Finally, YHB Investment Advisors Inc. lifted its position in Booz Allen Hamilton by 2.0% in the third quarter. YHB Investment Advisors Inc. now owns 21,404 shares of the business services provider’s stock valued at $3,484,000 after purchasing an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by company insiders.

Booz Allen Hamilton Stock Down 0.4 %

BAH stock opened at $183.49 on Thursday. Booz Allen Hamilton Holding Co. has a fifty-two week low of $118.07 and a fifty-two week high of $189.13. The company has a market capitalization of $23.71 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 2.33 and a beta of 0.59. The business’s 50 day moving average price is $160.24 and its two-hundred day moving average price is $154.13. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be issued a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.11%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 44.35%.

Wall Street Analysts Forecast Growth

BAH has been the topic of several analyst reports. Truist Financial lifted their target price on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research note on Monday. TD Cowen lowered their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. StockNews.com upgraded shares of Booz Allen Hamilton from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price target for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Finally, Barclays increased their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and an average price target of $180.00.

Booz Allen Hamilton 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.