Booz Allen Hamilton Holding Co. (NYSE:BAH) Stake Lifted by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 39.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,401 shares of the business services provider's stock after acquiring an additional 10,623 shares during the quarter. Cerity Partners LLC's holdings in Booz Allen Hamilton were worth $6,087,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Booz Allen Hamilton during the second quarter worth about $26,000. OFI Invest Asset Management acquired a new stake in Booz Allen Hamilton during the 2nd quarter valued at approximately $29,000. Peterson Financial Group Inc. purchased a new stake in Booz Allen Hamilton during the 3rd quarter worth approximately $31,000. Innealta Capital LLC acquired a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at approximately $34,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an "overweight" rating on the stock in a research note on Tuesday. Truist Financial decreased their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a research note on Friday, November 22nd. JPMorgan Chase & Co. cut Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and upped their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, Barclays lifted their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. Two 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, Booz Allen Hamilton presently has an average rating of "Hold" and a consensus price target of $173.25.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded down $1.28 during mid-day trading on Thursday, hitting $147.35. The company had a trading volume of 1,026,573 shares, compared to its average volume of 828,687. The stock has a market cap of $18.83 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.77 and a beta of 0.58. The firm's 50 day simple moving average is $164.23 and its two-hundred day simple moving average is $156.73. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton's dividend payout ratio (DPR) is 32.03%.

Insider Buying and Selling

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were 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 owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the sale, the chief financial officer now directly owns 29,618 shares in the company, valued at approximately $4,886,970. This trade represents a 12.07 % 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.

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.