Advisors Asset Management Inc. Trims Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Advisors Asset Management Inc. trimmed its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,585 shares of the business services provider's stock after selling 4,381 shares during the quarter. Advisors Asset Management Inc.'s holdings in Booz Allen Hamilton were worth $6,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of Booz Allen Hamilton by 150.8% during the 1st quarter. Covestor Ltd now owns 306 shares of the business services provider's stock valued at $46,000 after purchasing an additional 184 shares during the period. Seven Eight Capital LP bought a new stake in shares of Booz Allen Hamilton during the 1st quarter valued at $306,000. UniSuper Management Pty Ltd lifted its stake in shares of Booz Allen Hamilton by 111.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the business services provider's stock valued at $282,000 after buying an additional 1,000 shares in the last quarter. Natixis purchased a new stake in shares of Booz Allen Hamilton during the 1st quarter valued at about $893,000. Finally, Crewe Advisors LLC bought a new position in Booz Allen Hamilton in the 1st quarter worth about $35,000. 91.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BAH. TD Cowen dropped their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Monday, July 29th. Barclays increased their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Truist Financial raised their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. StockNews.com cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group cut Booz Allen Hamilton from a "buy" rating to a "hold" rating and raised their target price for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $180.63.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock traded up $5.60 during trading on Thursday, reaching $149.79. 1,148,739 shares of the company's stock were exchanged, compared to its average volume of 798,851. The company has a market cap of $19.14 billion, a P/E ratio of 22.64, a PEG ratio of 1.66 and a beta of 0.58. The firm's 50-day moving average price is $164.99 and its 200 day moving average price is $156.90. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton's dividend payout ratio is currently 32.03%.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the firm'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 completion of the sale, the executive vice president now owns 25,496 shares of the company's stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 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 90 days. 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.