Franklin Resources Inc. Grows Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

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

Other large investors have also added to or reduced their stakes in the company. Tidal Investments LLC lifted its stake in Booz Allen Hamilton by 17.7% in the third quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider's stock worth $2,143,000 after acquiring an additional 1,979 shares during the period. World Investment Advisors LLC boosted its stake 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 acquiring an additional 1,390 shares in the last quarter. Anchor Investment Management LLC grew its holdings in Booz Allen Hamilton by 865.7% in the third quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider's stock worth $105,000 after purchasing an additional 580 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Booz Allen Hamilton by 41.8% during the third quarter. Sunbelt Securities Inc. now owns 1,358 shares of the business services provider's stock valued at $221,000 after purchasing an additional 400 shares in the last quarter. Finally, Toronto Dominion Bank boosted 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 purchasing an additional 3,863 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Analysts Set New Price Targets

BAH has been the topic of several analyst reports. Truist Financial dropped their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and raised their price objective for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Barclays upped their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. TD Cowen upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and increased their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $167.44.

Insider Buying and Selling at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 14.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 completion of the sale, the chief financial officer now owns 29,618 shares of the company's stock, 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 90 days, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by company insiders.

Booz Allen Hamilton Trading Up 2.0 %

NYSE:BAH opened at $131.19 on Friday. The company has a 50 day simple moving average of $157.17 and a two-hundred day simple moving average of $155.12. The company 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. 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 12 month low of $123.17 and a 12 month high of $190.59.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 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.