National Bank of Canada FI Has $1.66 Million Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

National Bank of Canada FI cut its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 40.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,212 shares of the business services provider's stock after selling 6,815 shares during the quarter. National Bank of Canada FI's holdings in Booz Allen Hamilton were worth $1,662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AGF Management Ltd. lifted its position in Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider's stock worth $269,419,000 after acquiring an additional 679,280 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in Booz Allen Hamilton during the 3rd quarter valued at $48,349,000. Caisse DE Depot ET Placement DU Quebec increased its stake in 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 worth $209,651,000 after buying an additional 285,621 shares during the period. Acadian Asset Management LLC lifted its holdings in Booz Allen Hamilton by 184.0% in the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider's stock worth $51,613,000 after buying an additional 217,349 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Booz Allen Hamilton by 75.3% in the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider's stock valued at $71,619,000 after buying an additional 199,871 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BAH. The Goldman Sachs Group reduced their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a report on Thursday. Wells Fargo & Company reduced their target price on 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. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and upped their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Truist Financial reduced 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, Barclays upped their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $167.44.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction dated 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 in the company, valued at $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated 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 owns 25,496 shares of the company's stock, valued at $4,206,840. This represents a 14.27 % decrease in their position. 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 quarter. Company insiders own 1.59% of the company's stock.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded down $1.14 during mid-day trading on Friday, hitting $134.46. The company had a trading volume of 1,177,343 shares, compared to its average volume of 868,381. The stock has a market cap of $17.18 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.62 and a beta of 0.52. The firm's 50 day simple moving average is $159.96 and its two-hundred day simple moving average is $155.81. 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 12 month low of $123.17 and a 12 month high of $190.59.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.52%. Booz Allen Hamilton's dividend payout ratio is currently 32.03%.

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.