Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 7.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,056 shares of the business services provider’s stock after selling 542 shares during the period. Private Advisor Group LLC’s holdings in Booz Allen Hamilton were worth $1,149,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co acquired a new stake in Booz Allen Hamilton during the first quarter worth about $425,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Booz Allen Hamilton by 1.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 110,191 shares of the business services provider’s stock valued at $16,357,000 after purchasing an additional 1,507 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Booz Allen Hamilton by 6.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock valued at $43,856,000 after purchasing an additional 18,815 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Booz Allen Hamilton by 17.1% in the first quarter. First Trust Direct Indexing L.P. now owns 1,961 shares of the business services provider’s stock worth $291,000 after acquiring an additional 287 shares during the last quarter. Finally, Norden Group LLC lifted its stake in Booz Allen Hamilton by 12.2% in the first quarter. Norden Group LLC now owns 5,263 shares of the business services provider’s stock worth $781,000 after acquiring an additional 572 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BAH. The Goldman Sachs Group boosted their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Truist Financial boosted their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Barclays upped their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday. TD Cowen reduced their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $180.00.

Insider Activity

In related 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 completion of the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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 Performance

Shares of BAH opened at $181.28 on Friday. The business’s fifty day moving average price is $161.39 and its 200 day moving average price is $154.52. Booz Allen Hamilton Holding Co. has a 12-month low of $122.59 and a 12-month high of $189.13. The stock has a market capitalization of $23.16 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.51 and a beta of 0.59. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.55.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

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.