Oppenheimer Asset Management Inc. Sells 375 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Oppenheimer Asset Management Inc. lessened its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.6% in the third quarter, Holdings Channel reports. The institutional investor owned 22,763 shares of the business services provider’s stock after selling 375 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Booz Allen Hamilton were worth $3,705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its position in Booz Allen Hamilton by 142.5% during the 1st quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after purchasing an additional 16,815 shares during the period. Cumberland Partners Ltd increased its position in Booz Allen Hamilton by 39.5% during the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after purchasing an additional 14,620 shares during the period. CreativeOne Wealth LLC acquired a new stake in Booz Allen Hamilton during the 1st quarter valued at approximately $955,000. Natixis acquired a new stake in Booz Allen Hamilton during the 1st quarter valued at approximately $893,000. Finally, Covestor Ltd increased its position in Booz Allen Hamilton by 150.8% during the 1st quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $149.37 on Friday. The company has a fifty day simple moving average of $165.64 and a 200 day simple moving average of $156.96. Booz Allen Hamilton Holding Co. has a 12-month low of $123.17 and a 12-month high of $190.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a market cap of $19.09 billion, a P/E ratio of 23.45, a PEG ratio of 2.06 and a beta of 0.58.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton 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 transaction of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. This trade represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BAH shares. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Truist Financial raised their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Barclays raised their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Finally, The Goldman Sachs Group raised their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.