Zions Bancorporation N.A. Acquires 1,232 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Zions Bancorporation N.A. grew its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 25.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,105 shares of the business services provider’s stock after purchasing an additional 1,232 shares during the quarter. Zions Bancorporation N.A.’s holdings in Booz Allen Hamilton were worth $994,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $26,000. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton during the second quarter worth $29,000. Innealta Capital LLC acquired a new position in shares of Booz Allen Hamilton during the second quarter worth $34,000. Crewe Advisors LLC acquired a new position in Booz Allen Hamilton in the first quarter valued at $35,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in Booz Allen Hamilton in the third quarter valued at $45,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Down 10.1 %

NYSE:BAH opened at $154.57 on Friday. 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 firm has a 50-day moving average of $165.70 and a 200-day moving average of $156.95. The company has a market cap of $19.75 billion, a PE ratio of 24.27, a PEG ratio of 2.18 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a one year low of $123.17 and a one year high of $190.59.

Booz Allen Hamilton Announces Dividend

The firm also recently announced 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. This represents a $2.04 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is presently 32.03%.

Insider Transactions at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the firm’s 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 of the company’s stock, valued at $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. The trade was a 12.07 % 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 valued at $1,989,220 over the last three months. Corporate insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a report on Monday, October 28th. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. TD Cowen dropped their price objective 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. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Finally, Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price objective for the company from $180.00 to $190.00 in a report on Monday, November 4th. Two equities research 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 a consensus rating of “Hold” and a consensus target price of $180.63.

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.