Benjamin Edwards Inc. Raises Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Benjamin Edwards Inc. lifted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 590.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 21,762 shares of the business services provider’s stock after buying an additional 18,608 shares during the quarter. Benjamin Edwards Inc.’s holdings in Booz Allen Hamilton were worth $3,543,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Cetera Investment Advisers grew its position in shares of Booz Allen Hamilton by 142.5% in the 1st quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock worth $4,248,000 after buying an additional 16,815 shares during the period. Cetera Advisors LLC purchased a new position in shares of Booz Allen Hamilton during the first quarter valued at approximately $1,376,000. Harbor Capital Advisors Inc. boosted its position in shares of Booz Allen Hamilton by 110.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,119 shares of the business services provider’s stock worth $1,403,000 after purchasing an additional 4,793 shares in the last quarter. CWM LLC grew its stake in shares of Booz Allen Hamilton by 7.4% in the 2nd quarter. CWM LLC now owns 3,732 shares of the business services provider’s stock worth $574,000 after buying an additional 258 shares during the last quarter. Finally, NBC Securities Inc. raised its stake in Booz Allen Hamilton by 22.8% during the second quarter. NBC Securities Inc. now owns 8,775 shares of the business services provider’s stock valued at $1,350,000 after buying an additional 1,632 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BAH shares. Wells Fargo & Company lowered their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. UBS Group began coverage on shares of Booz Allen Hamilton in a research report on Monday. They set a “neutral” rating and a $159.00 price target for the company. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Truist Financial decreased their price target on 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. Finally, Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $171.67.

Insider Buying and Selling

In related news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were 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 directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by company insiders.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH opened at $146.06 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton Holding Co. has a 12-month low of $123.17 and a 12-month high of $190.59. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.79 and a beta of 0.52. The firm has a 50 day moving average of $163.36 and a 200 day moving average of $156.67.

Booz Allen Hamilton Dividend Announcement

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 paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

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.