Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Huntington National Bank

Huntington National Bank lessened its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,776 shares of the business services provider’s stock after selling 164 shares during the period. Huntington National Bank’s holdings in Booz Allen Hamilton were worth $452,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in Booz Allen Hamilton by 3.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 59 shares during the last quarter. MQS Management LLC acquired a new position in Booz Allen Hamilton in the third quarter valued at $226,000. Cumberland Partners Ltd boosted its stake in shares of Booz Allen Hamilton by 39.5% during the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after buying an additional 14,620 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Booz Allen Hamilton in the 3rd quarter valued at about $651,000. Finally, Apollon Wealth Management LLC raised its stake in Booz Allen Hamilton by 5.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider’s stock valued at $271,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Transactions at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 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 $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 represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. This trade represents a 10.29 % decrease in their position. 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 in the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Trading Down 3.0 %

NYSE:BAH opened at $149.39 on Friday. The company has a market capitalization of $19.09 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.06 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 52-week low of $123.17 and a 52-week high of $190.59. The stock has a fifty day simple moving average of $165.64 and a 200-day simple moving average of $157.03. 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 Announces Dividend

The firm also recently declared 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 is presently 32.03%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BAH. Wells Fargo & Company boosted their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a report on Monday, October 28th. 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. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Barclays raised their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price objective for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average price target 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.