Horizon Kinetics Asset Management LLC Has $744,000 Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Horizon Kinetics Asset Management LLC lifted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,572 shares of the business services provider’s stock after purchasing an additional 556 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Booz Allen Hamilton were worth $744,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westfield Capital Management Co. LP acquired a new stake in Booz Allen Hamilton during the 3rd quarter worth $48,349,000. Cerity Partners LLC grew its holdings in Booz Allen Hamilton by 39.7% during the 3rd quarter. Cerity Partners LLC now owns 37,401 shares of the business services provider’s stock worth $6,087,000 after acquiring an additional 10,623 shares during the period. Citigroup Inc. grew its holdings in Booz Allen Hamilton by 3.4% during the 3rd quarter. Citigroup Inc. now owns 92,631 shares of the business services provider’s stock worth $15,077,000 after acquiring an additional 3,022 shares during the period. Eagle Asset Management Inc. grew its holdings in Booz Allen Hamilton by 3.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after acquiring an additional 32,897 shares during the period. Finally, Hilton Capital Management LLC grew its holdings in Booz Allen Hamilton by 1.3% during the 3rd quarter. Hilton Capital Management LLC now owns 100,717 shares of the business services provider’s stock worth $16,393,000 after acquiring an additional 1,246 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Activity

In related news, EVP Richard Crowe sold 4,243 shares of the company’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 owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on BAH shares. The Goldman Sachs Group lifted their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their price target 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. Finally, TD Cowen cut 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 research report on Monday, July 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $176.88.

Booz Allen Hamilton Trading Down 1.2 %

Shares of NYSE:BAH opened at $147.46 on Tuesday. The company’s 50-day moving average price is $164.73 and its two-hundred day moving average price is $156.90. 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 Holding Co. has a one year low of $123.17 and a one year high of $190.59. The stock has a market capitalization of $18.84 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.79 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. Shareholders of record on Friday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.38%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

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.