AMG National Trust Bank Cuts Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

AMG National Trust Bank lowered its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,982 shares of the business services provider’s stock after selling 139 shares during the quarter. AMG National Trust Bank’s holdings in Booz Allen Hamilton were worth $974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in shares of Booz Allen Hamilton during the second quarter worth $26,000. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter worth about $29,000. Peterson Financial Group Inc. purchased a new position in shares of Booz Allen Hamilton in the 3rd quarter valued at about $31,000. Innealta Capital LLC acquired a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth about $34,000. Finally, Crewe Advisors LLC purchased a new stake in Booz Allen Hamilton during the first quarter worth approximately $35,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

BAH has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company lifted their price target on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Barclays boosted their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Truist Financial raised their price objective on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, TD Cowen reduced their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Two 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $180.63.

Insider Buying and Selling

In related news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $618,400.00. Following the completion of the sale, 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. Insiders sold a total of 12,173 shares of company stock valued at $1,989,220 over the last three months. 1.59% of the stock is currently owned by company insiders.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $137.87 on Wednesday. The business’s 50-day moving average price is $165.14 and its 200 day moving average price is $156.99. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm has a market cap of $17.62 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.79 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.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, November 15th. 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.