Wells Fargo & Company Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $177.00

Booz Allen Hamilton (NYSE:BAH) had its price target cut by Wells Fargo & Company from $206.00 to $177.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

A number of other research firms also recently commented on BAH. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Barclays increased their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. TD Cowen cut their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Truist Financial decreased their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group boosted their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $173.25.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $147.35 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The business’s 50-day moving average price is $164.23 and its 200 day moving average price is $156.73. Booz Allen Hamilton has a 52-week low of $123.17 and a 52-week high of $190.59. The firm has a market cap of $18.83 billion, a P/E ratio of 23.13, a PEG ratio of 1.77 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.38%. Booz Allen Hamilton’s dividend payout ratio is presently 32.03%.

Insider Activity

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 value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. The trade was a 10.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock worth $1,989,220 in the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new stake in Booz Allen Hamilton in the 2nd quarter worth approximately $26,000. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton in the second quarter worth $29,000. Peterson Financial Group Inc. bought a new stake in shares of Booz Allen Hamilton during the 3rd quarter worth $31,000. Innealta Capital LLC acquired a new position in Booz Allen Hamilton in the 2nd quarter valued at $34,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in Booz Allen Hamilton during the 3rd quarter worth $45,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

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.