LGT Financial Advisors LLC Cuts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

LGT Financial Advisors LLC cut its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 45.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 264 shares of the business services provider’s stock after selling 219 shares during the period. LGT Financial Advisors LLC’s holdings in Booz Allen Hamilton were worth $43,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC raised its holdings in Booz Allen Hamilton by 32.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 2,323 shares of the business services provider’s stock worth $378,000 after acquiring an additional 569 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Booz Allen Hamilton by 14.2% in the 3rd quarter. Amalgamated Bank now owns 9,881 shares of the business services provider’s stock worth $1,608,000 after purchasing an additional 1,228 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Booz Allen Hamilton by 12.4% in the third quarter. QRG Capital Management Inc. now owns 3,498 shares of the business services provider’s stock worth $569,000 after purchasing an additional 387 shares during the last quarter. National Pension Service lifted its holdings in shares of Booz Allen Hamilton by 3.7% during the third quarter. National Pension Service now owns 204,866 shares of the business services provider’s stock valued at $33,344,000 after purchasing an additional 7,222 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. boosted its position in shares of Booz Allen Hamilton by 0.3% during the third quarter. Westbourne Investment Advisors Inc. now owns 46,573 shares of the business services provider’s stock valued at $7,580,000 after buying an additional 133 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Truist Financial boosted their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Wells Fargo & Company raised their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Barclays boosted their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, TD Cowen dropped their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $180.63.

Insiders Place Their Bets

In other news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The stock was 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 of the company’s stock, valued at $5,389,280. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the business’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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,173 shares of company stock worth $1,989,220 over the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Booz Allen Hamilton Trading Down 2.9 %

Shares of Booz Allen Hamilton stock opened at $179.95 on Thursday. Booz Allen Hamilton Holding Co. has a 1-year low of $122.59 and a 1-year high of $190.59. The company’s fifty day simple moving average is $163.57 and its 200-day simple moving average is $155.76. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $22.99 billion, a PE ratio of 28.25, a P/E/G ratio of 2.48 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders 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 yield of 1.13%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio is presently 32.03%.

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.