Northwest Bancshares Inc. Trims Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Northwest Bancshares Inc. trimmed its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,284 shares of the business services provider's stock after selling 6,049 shares during the quarter. Booz Allen Hamilton comprises about 1.3% of Northwest Bancshares Inc.'s investment portfolio, making the stock its 13th biggest holding. Northwest Bancshares Inc.'s holdings in Booz Allen Hamilton were worth $7,370,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BAH. AGF Management Ltd. lifted its stake in shares of Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider's stock worth $269,419,000 after purchasing an additional 679,280 shares during the period. Captrust Financial Advisors boosted its position in shares of Booz Allen Hamilton by 29.4% during the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider's stock valued at $159,741,000 after acquiring an additional 244,391 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Booz Allen Hamilton by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider's stock valued at $1,544,798,000 after purchasing an additional 222,884 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Booz Allen Hamilton by 184.0% during the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider's stock valued at $51,613,000 after buying an additional 217,349 shares during the period. Finally, Van ECK Associates Corp increased its position in Booz Allen Hamilton by 75.3% during the second quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider's stock valued at $71,619,000 after acquiring an additional 199,871 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

BAH traded up $1.74 on Wednesday, reaching $139.66. 1,148,468 shares of the stock were exchanged, compared to its average volume of 789,863. The company's 50-day moving average price is $165.14 and its 200 day moving average price is $156.99. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $17.84 billion, a PE ratio of 21.64, a PEG ratio of 1.79 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton's dividend payout ratio is presently 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were 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. This represents a 10.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton 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 in the company, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,173 shares of company stock worth $1,989,220. Company insiders own 1.59% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays boosted 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. Truist Financial boosted their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. StockNews.com lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and increased their price target for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an "overweight" rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $180.63.

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.