UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 47,733 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 732,411 shares of the business services provider’s stock after selling 47,733 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Booz Allen Hamilton were worth $119,207,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at approximately $26,000. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton in the second quarter valued at approximately $29,000. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton during the third quarter worth approximately $31,000. Innealta Capital LLC acquired a new position in shares of Booz Allen Hamilton during the second quarter worth approximately $34,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in shares of Booz Allen Hamilton during the third quarter worth approximately $45,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $148.18 on Monday. The business’s 50-day moving average price is $163.86 and its two-hundred day moving average price is $156.74. Booz Allen Hamilton Holding Co. has a twelve month low of $123.17 and a twelve month high of $190.59. The stock has a market cap of $18.93 billion, a P/E ratio of 23.26, a PEG ratio of 1.78 and a beta of 0.58. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.38%. Booz Allen Hamilton’s dividend payout ratio is 32.03%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BAH. Wells Fargo & Company lowered their target price on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays increased 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. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price target for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $173.25.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was 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 of the company’s stock, valued at approximately $5,389,280. This trade represents a 10.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. 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. Corporate insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Company 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.