Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance trimmed its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 7.5% during the third quarter, Holdings Channel.com reports. The firm owned 6,559 shares of the business services provider’s stock after selling 533 shares during the period. Independent Advisor Alliance’s holdings in Booz Allen Hamilton were worth $1,068,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AGF Management Ltd. increased its holdings in Booz Allen Hamilton by 63.4% in the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after buying an additional 679,280 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Booz Allen Hamilton by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock worth $257,469,000 after acquiring an additional 96,553 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Booz Allen Hamilton by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider’s stock valued at $157,184,000 after acquiring an additional 93,544 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of Booz Allen Hamilton by 3.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after acquiring an additional 32,897 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Booz Allen Hamilton by 0.3% in the second quarter. Envestnet Asset Management Inc. now owns 947,231 shares of the business services provider’s stock valued at $145,779,000 after purchasing an additional 2,767 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the sale, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Crowe sold 4,243 shares of the 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 transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. 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 three months. Insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Truist Financial decreased their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their target price for the company from $180.00 to $190.00 in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $173.25.

Booz Allen Hamilton Stock Up 0.8 %

BAH opened at $148.63 on Wednesday. The business has a 50 day moving average price of $164.51 and a two-hundred day moving average price of $156.85. Booz Allen Hamilton Holding Co. has a 52 week low of $123.17 and a 52 week high of $190.59. The company has a market cap of $18.99 billion, a PE ratio of 23.33, a P/E/G ratio of 1.79 and a beta of 0.58. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors 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 1.37%. The ex-dividend date 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.