Booz Allen Hamilton Holding Co. (NYSE:BAH) Stake Trimmed by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,599 shares of the business services provider’s stock after selling 3,251 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Booz Allen Hamilton were worth $3,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AGF Management Ltd. lifted its position in shares of Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after acquiring an additional 679,280 shares in the last quarter. American Century Companies Inc. raised its stake in Booz Allen Hamilton by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock valued at $257,469,000 after purchasing an additional 96,553 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Booz Allen Hamilton by 28.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Booz Allen Hamilton by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider’s stock worth $157,184,000 after buying an additional 93,544 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in shares of Booz Allen Hamilton by 3.6% during the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after buying an additional 32,897 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction on 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 owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 14.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the firm’s 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 directly owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock valued at $1,989,220 over the last 90 days. 1.59% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BAH has been the subject of a number of research reports. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Barclays boosted their price objective 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. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Truist Financial lowered their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Finally, UBS Group began coverage on Booz Allen Hamilton in a report on Monday. They set a “neutral” rating and a $159.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $171.67.

Booz Allen Hamilton Trading Down 1.8 %

Booz Allen Hamilton stock opened at $146.06 on Wednesday. Booz Allen Hamilton Holding Co. has a one year low of $123.17 and a one year high of $190.59. The company’s fifty day moving average price is $163.36 and its two-hundred day moving average price is $156.67. The company has a market capitalization of $18.66 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.79 and a beta of 0.52. 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 announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.40%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

About Booz Allen Hamilton

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.