Commerce Bank Raises Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Commerce Bank boosted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 21,834 shares of the business services provider’s stock after purchasing an additional 648 shares during the quarter. Commerce Bank’s holdings in Booz Allen Hamilton were worth $3,554,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Cetera Investment Advisers boosted its holdings in Booz Allen Hamilton by 142.5% in the first 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 last quarter. Cumberland Partners Ltd lifted its holdings in shares of Booz Allen Hamilton by 39.5% in the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after buying an additional 14,620 shares during the period. Natixis purchased a new stake in shares of Booz Allen Hamilton in the first quarter worth about $893,000. Covestor Ltd grew its holdings in Booz Allen Hamilton by 150.8% during the first quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock worth $46,000 after acquiring an additional 184 shares during the period. Finally, BDF Gestion purchased a new position in Booz Allen Hamilton during the second quarter valued at approximately $2,641,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 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 $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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,173 shares of company stock valued at $1,989,220 over the last ninety days. Insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Down 0.4 %

BAH opened at $149.26 on Friday. 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 Holding Co. has a twelve month low of $123.17 and a twelve month high of $190.59. The company has a market cap of $19.07 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.66 and a beta of 0.58. The company has a 50-day moving average price of $164.88 and a 200 day moving average price of $156.85.

Booz Allen Hamilton Announces Dividend

The company 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 $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.37%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

Wall Street Analysts Forecast Growth

BAH has been the topic of a number of analyst reports. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. TD Cowen dropped their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their target price for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Finally, Barclays upped their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $176.88.

About Booz Allen Hamilton

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.