Franklin Resources Inc. Has $14.25 Million Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Franklin Resources Inc. lifted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,607 shares of the business services provider's stock after acquiring an additional 7,271 shares during the period. Franklin Resources Inc. owned approximately 0.07% of Booz Allen Hamilton worth $14,249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BAH. Tidal Investments LLC raised its position in shares of Booz Allen Hamilton by 17.7% during the third quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider's stock valued at $2,143,000 after buying an additional 1,979 shares during the last quarter. World Investment Advisors LLC grew its position in Booz Allen Hamilton by 26.1% during the third quarter. World Investment Advisors LLC now owns 6,719 shares of the business services provider's stock worth $1,094,000 after buying an additional 1,390 shares in the last quarter. Anchor Investment Management LLC increased its stake in Booz Allen Hamilton by 865.7% during the third quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider's stock valued at $105,000 after acquiring an additional 580 shares during the period. Sunbelt Securities Inc. raised its holdings in Booz Allen Hamilton by 41.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,358 shares of the business services provider's stock valued at $221,000 after acquiring an additional 400 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Booz Allen Hamilton by 29.6% in the 3rd quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider's stock worth $2,752,000 after acquiring an additional 3,863 shares during the period. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

NYSE BAH traded up $2.53 during trading hours on Friday, reaching $131.19. 2,892,476 shares of the company's stock were exchanged, compared to its average volume of 892,205. The firm has a fifty day moving average of $157.17 and a 200-day moving average of $155.14. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton Holding Co. has a one year low of $123.17 and a one year high of $190.59. The stock has a market cap of $16.76 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were issued a $0.51 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.55%. Booz Allen Hamilton's dividend payout ratio is 32.03%.

Insider Activity 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 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 $4,206,840. The trade was a 14.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at approximately $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock valued at $1,989,220 over the last ninety days. 1.59% of the stock is owned by insiders.

Analysts Set New Price Targets

BAH has been the subject of a number of recent research reports. Barclays upped their target price on 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 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 research note on Friday, November 22nd. TD Cowen upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a research report on Thursday. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and increased their price target for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and lifted their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of "Hold" and a consensus price target of $167.44.

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.