Geode Capital Management LLC Increases Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Geode Capital Management LLC raised its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,341,533 shares of the business services provider's stock after purchasing an additional 58,038 shares during the period. Geode Capital Management LLC owned approximately 1.83% of Booz Allen Hamilton worth $381,898,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BAH. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at about $29,000. Peterson Financial Group Inc. purchased a new position in shares of Booz Allen Hamilton during the third quarter worth approximately $31,000. Innealta Capital LLC bought a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth approximately $34,000. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at $45,000. Finally, MCF Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 56.2% during the 2nd quarter. MCF Advisors LLC now owns 353 shares of the business services provider's stock valued at $54,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Insider Activity

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Calderone sold 3,865 shares of the business's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. This trade represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on BAH shares. Truist Financial lowered their price target 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. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and boosted their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company reduced their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 26th. Jefferies Financial Group downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating and boosted their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, UBS Group started coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $167.44.

Booz Allen Hamilton Trading Down 0.8 %

Shares of Booz Allen Hamilton stock traded down $1.14 during midday trading on Friday, reaching $134.46. 1,177,343 shares of the company's stock traded hands, compared to its average volume of 868,381. The company has a market cap of $17.18 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. The stock has a 50 day moving average of $159.96 and a 200-day moving average of $155.81. Booz Allen Hamilton Holding Co. has a 12 month low of $123.17 and a 12 month high of $190.59. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a $0.51 dividend. 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 32.03%.

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.