Benjamin Edwards Inc. Purchases 18,608 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Benjamin Edwards Inc. grew its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 590.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,762 shares of the business services provider's stock after acquiring an additional 18,608 shares during the period. Benjamin Edwards Inc.'s holdings in Booz Allen Hamilton were worth $3,543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AGF Management Ltd. raised its position in shares of Booz Allen Hamilton by 63.4% in the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider's stock worth $269,419,000 after buying an additional 679,280 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Booz Allen Hamilton by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider's stock worth $257,469,000 after purchasing an additional 96,553 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Booz Allen Hamilton by 28.5% during the 3rd 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Booz Allen Hamilton by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider's stock worth $157,184,000 after acquiring an additional 93,544 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in Booz Allen Hamilton by 3.6% in the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider's stock worth $155,810,000 after purchasing an additional 32,897 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Insider Buying and Selling

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton 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 directly owns 25,496 shares of the company's stock, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew Calderone sold 4,065 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 $670,725.00. Following the sale, the chief financial officer now directly owns 29,618 shares of the company's stock, valued at $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BAH has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Truist Financial decreased their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a report on Friday, November 22nd. Barclays upped their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. StockNews.com lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, UBS Group started coverage on shares of Booz Allen Hamilton in a research note on Monday. They issued a "neutral" rating and a $159.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of "Hold" and a consensus price target of $171.67.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded down $1.58 during trading on Wednesday, reaching $144.46. 1,911,779 shares of the company traded hands, compared to its average volume of 839,703. The firm has a 50 day simple moving average of $163.05 and a 200-day simple moving average of $156.58. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The stock has a market capitalization of $18.46 billion, a PE ratio of 22.68, a P/E/G ratio of 1.79 and a beta of 0.52. Booz Allen Hamilton Holding Co. has a 52-week low of $123.17 and a 52-week high of $190.59.

Booz Allen Hamilton Announces Dividend

The firm 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 $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton's payout ratio is 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.