Bank of Montreal Can Buys 3,619 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bank of Montreal Can lifted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,512 shares of the business services provider's stock after acquiring an additional 3,619 shares during the quarter. Bank of Montreal Can owned approximately 0.08% of Booz Allen Hamilton worth $15,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Horizon Kinetics Asset Management LLC raised its holdings in Booz Allen Hamilton by 13.8% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 4,572 shares of the business services provider's stock worth $744,000 after purchasing an additional 556 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in Booz Allen Hamilton in the third quarter worth about $48,349,000. Cerity Partners LLC lifted its holdings in Booz Allen Hamilton by 39.7% in the third quarter. Cerity Partners LLC now owns 37,401 shares of the business services provider's stock worth $6,087,000 after buying an additional 10,623 shares during the period. Citigroup Inc. boosted its position in Booz Allen Hamilton by 3.4% during the 3rd quarter. Citigroup Inc. now owns 92,631 shares of the business services provider's stock valued at $15,077,000 after acquiring an additional 3,022 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in shares of Booz Allen Hamilton by 3.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider's stock worth $155,810,000 after acquiring an additional 32,897 shares during the period. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 0.6 %

BAH traded up $0.83 during trading on Friday, hitting $148.18. 540,927 shares of the company's stock traded hands, compared to its average volume of 2,196,217. The stock has a market capitalization of $18.93 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.78 and a beta of 0.58. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton Holding Co. has a 12-month low of $123.17 and a 12-month high of $190.59. The company's 50 day simple moving average is $163.86 and its two-hundred day simple moving average is $156.70.

Booz Allen Hamilton Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton's dividend payout ratio is currently 32.03%.

Analysts Set New Price Targets

BAH has been the topic of several research reports. Barclays lifted 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. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and boosted their target price for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Wells Fargo & Company decreased their price target on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an "overweight" rating for the company in a research note on Tuesday, November 26th. Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a research note on Friday, November 22nd. Finally, Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and raised their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of "Hold" and an average price target of $173.25.

Insider Activity

In related news, EVP Richard Crowe sold 4,243 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. The trade was a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 in the last 90 days. 1.59% of the stock is currently owned by insiders.

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.