Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Northwest Bancshares Inc.

Northwest Bancshares Inc. trimmed its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,284 shares of the business services provider’s stock after selling 6,049 shares during the quarter. Booz Allen Hamilton makes up 1.3% of Northwest Bancshares Inc.’s portfolio, making the stock its 13th biggest holding. Northwest Bancshares Inc.’s holdings in Booz Allen Hamilton were worth $7,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Booz Allen Hamilton in the second quarter worth $26,000. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the second quarter valued at $29,000. Peterson Financial Group Inc. purchased a new stake in shares of Booz Allen Hamilton in the third quarter valued at $31,000. Innealta Capital LLC purchased a new stake in shares of Booz Allen Hamilton in the second quarter valued at $34,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Booz Allen Hamilton in the first quarter valued at $35,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was 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. The trade was a 14.27 % decrease in their ownership of the stock. 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 the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value 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. Insiders have sold a total of 12,173 shares of company stock worth $1,989,220 over the last quarter. 1.59% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. TD Cowen lowered their price target on 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. Wells Fargo & Company boosted their price target on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Finally, Barclays boosted their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $180.63.

Booz Allen Hamilton Trading Down 1.9 %

Shares of BAH opened at $137.87 on Wednesday. The stock’s 50-day moving average is $165.14 and its two-hundred day moving average is $156.99. The stock has a market cap of $17.62 billion, a PE 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 12 month low of $123.17 and a 12 month high of $190.59. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio 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.