CreativeOne Wealth LLC Takes $1.26 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

CreativeOne Wealth LLC bought a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,746 shares of the business services provider's stock, valued at approximately $1,261,000.

Several other hedge funds have also modified their holdings of the stock. Townsquare Capital LLC raised its position in Booz Allen Hamilton by 42.2% during the third quarter. Townsquare Capital LLC now owns 34,962 shares of the business services provider's stock valued at $5,690,000 after buying an additional 10,381 shares during the period. Quantbot Technologies LP raised its position in Booz Allen Hamilton by 936.3% during the third quarter. Quantbot Technologies LP now owns 10,218 shares of the business services provider's stock valued at $1,663,000 after buying an additional 9,232 shares during the period. FMR LLC raised its position in Booz Allen Hamilton by 111.6% during the third quarter. FMR LLC now owns 356,828 shares of the business services provider's stock valued at $58,077,000 after buying an additional 188,185 shares during the period. The Manufacturers Life Insurance Company raised its position in Booz Allen Hamilton by 2.9% during the third quarter. The Manufacturers Life Insurance Company now owns 6,313 shares of the business services provider's stock valued at $1,028,000 after buying an additional 179 shares during the period. Finally, Bank of Montreal Can raised its position in Booz Allen Hamilton by 3.9% during the third quarter. Bank of Montreal Can now owns 97,512 shares of the business services provider's stock valued at $15,802,000 after buying an additional 3,619 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BAH has been the topic of several recent analyst reports. StockNews.com lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Barclays upped their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group upped their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Jefferies Financial Group lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating and increased their price objective for the company from $180.00 to $190.00 in a report on Monday, November 4th. Finally, Truist Financial lowered their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton has an average rating of "Hold" and a consensus price target of $173.25.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the firm's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders 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 Price Performance

Shares of BAH traded up $0.83 during mid-day trading on Friday, reaching $148.18. The company had a trading volume of 540,927 shares, compared to its average volume of 827,443. Booz Allen Hamilton Holding Co. has a twelve month low of $123.17 and a twelve 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. The company's 50-day moving average is $163.86 and its 200-day moving average is $156.64. The company has a market capitalization of $18.93 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.77 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.38%. Booz Allen Hamilton's payout ratio is presently 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.