ING Groep NV Decreases Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

ING Groep NV trimmed its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 90.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,500 shares of the business services provider's stock after selling 50,000 shares during the quarter. ING Groep NV's holdings in Booz Allen Hamilton were worth $895,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Metis Global Partners LLC increased its stake in Booz Allen Hamilton by 7.1% during the third quarter. Metis Global Partners LLC now owns 2,474 shares of the business services provider's stock worth $403,000 after acquiring an additional 163 shares during the last quarter. Zions Bancorporation N.A. increased its stake in Booz Allen Hamilton by 25.3% during the third quarter. Zions Bancorporation N.A. now owns 6,105 shares of the business services provider's stock worth $994,000 after acquiring an additional 1,232 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Booz Allen Hamilton by 3.3% during the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider's stock worth $297,000 after acquiring an additional 59 shares during the last quarter. MQS Management LLC bought a new stake in Booz Allen Hamilton during the third quarter worth approximately $226,000. Finally, Cumberland Partners Ltd increased its stake in Booz Allen Hamilton by 39.5% during the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider's stock worth $8,411,000 after acquiring an additional 14,620 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Stock Performance

BAH traded down $10.23 during midday trading on Monday, hitting $139.16. 2,675,019 shares of the company were exchanged, compared to its average volume of 766,699. The company's 50 day simple moving average is $165.64 and its 200 day simple moving average is $157.10. The firm has a market capitalization of $17.78 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 1.79 and a beta of 0.58. 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 1-year low of $123.17 and a 1-year high of $190.59.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton's payout ratio is currently 32.03%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the firm'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 transaction, the executive vice president now directly owns 25,496 shares of the company's stock, valued at $4,206,840. This trade represents a 14.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The stock was 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 directly owns 33,683 shares in the company, valued at $5,389,280. This trade represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BAH. The Goldman Sachs Group boosted their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and boosted their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. TD Cowen reduced their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a "buy" rating on the stock in a research report on Monday, July 29th. Finally, Truist Financial upped 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Booz Allen Hamilton currently has a consensus rating of "Hold" and a consensus target price of $180.63.

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.