Wells Fargo & Company Lowers 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 report released on Tuesday,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other research firms have also recently issued reports on BAH. TD Cowen lowered 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 research note on Monday, July 29th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays increased their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, Truist Financial cut their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Two equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $173.25.

Booz Allen Hamilton Stock Up 0.6 %

BAH stock opened at $148.18 on Tuesday. The stock has a market capitalization of $18.93 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.77 and a beta of 0.58. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. Booz Allen Hamilton has a 1-year low of $123.17 and a 1-year high of $190.59. The business has a fifty day moving average price of $164.05 and a 200-day moving average price of $156.67.

Booz Allen Hamilton Announces Dividend

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

Insider Buying and Selling

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 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 $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at $4,886,970. This represents a 12.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, October 24th. The shares were 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 14.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in Booz Allen Hamilton during the second quarter valued at approximately $26,000. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton in the second quarter valued at $29,000. Peterson Financial Group Inc. bought a new stake in Booz Allen Hamilton in the third quarter worth $31,000. Innealta Capital LLC purchased a new stake in Booz Allen Hamilton during the second quarter valued at $34,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Booz Allen Hamilton during the third quarter valued at $45,000. Hedge funds and other institutional investors 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.