BNP Paribas Financial Markets Sells 18,793 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

BNP Paribas Financial Markets trimmed its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 26.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,927 shares of the business services provider's stock after selling 18,793 shares during the period. BNP Paribas Financial Markets' holdings in Booz Allen Hamilton were worth $8,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP raised its stake in shares of Booz Allen Hamilton by 936.3% in the third quarter. Quantbot Technologies LP now owns 10,218 shares of the business services provider's stock valued at $1,663,000 after purchasing an additional 9,232 shares in the last quarter. FMR LLC raised its stake in shares of Booz Allen Hamilton by 111.6% in the 3rd 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 in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Booz Allen Hamilton by 2.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,313 shares of the business services provider's stock worth $1,028,000 after acquiring an additional 179 shares during the period. Bank of Montreal Can increased its stake in Booz Allen Hamilton by 3.9% in 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 acquiring an additional 3,619 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its position in Booz Allen Hamilton by 13.8% in the third 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. Institutional investors own 91.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on BAH. StockNews.com downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an "overweight" rating for the company in a research report on Tuesday, November 26th. Barclays boosted their price target 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. Truist Financial dropped 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. Finally, JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and boosted their target price for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $171.67.

Booz Allen Hamilton Trading Down 1.4 %

Shares of Booz Allen Hamilton stock traded down $2.14 during trading on Tuesday, hitting $146.58. 748,614 shares of the company were exchanged, compared to its average volume of 831,421. The firm has a market capitalization of $18.73 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 1.78 and a beta of 0.52. The firm's fifty day moving average price is $163.64 and its 200 day moving average price is $156.71. 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 Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.39%. Booz Allen Hamilton's dividend payout ratio is presently 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

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 stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the sale, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,173 shares of company stock valued at $1,989,220. Company insiders own 1.59% of the company's stock.

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.