Janney Montgomery Scott LLC Sells 15,117 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Janney Montgomery Scott LLC decreased its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 39.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,945 shares of the business services provider's stock after selling 15,117 shares during the period. Janney Montgomery Scott LLC's holdings in Booz Allen Hamilton were worth $3,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in Booz Allen Hamilton in the 2nd quarter valued at approximately $26,000. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton during the second quarter valued at approximately $29,000. Innealta Capital LLC purchased a new stake in Booz Allen Hamilton in the 2nd quarter valued at about $34,000. Crewe Advisors LLC bought a new stake in Booz Allen Hamilton during the first quarter worth $35,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Booz Allen Hamilton during the third quarter valued at about $45,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Down 0.1 %

Shares of BAH traded down $0.10 during mid-day trading on Monday, reaching $183.40. The company's stock had a trading volume of 939,745 shares, compared to its average volume of 717,943. The stock has a market cap of $23.43 billion, a PE ratio of 28.79, a P/E/G ratio of 2.52 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 52 week low of $123.17 and a 52 week high of $190.59. The company's fifty day moving average price is $164.43 and its two-hundred day moving average price is $156.34. 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 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 issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton's dividend payout ratio is 32.03%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BAH. Barclays raised 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. Truist Financial boosted their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a "hold" 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 lifted their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. TD Cowen lowered their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Monday, July 29th. Finally, StockNews.com lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $180.63.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 3,865 shares of the firm's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares of the company's stock, valued at $5,389,280. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. This represents a 0.00 % 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 over the last three months. 1.59% of the stock is owned by company insiders.

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.