JPMorgan Chase & Co. Sells 13,622 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

JPMorgan Chase & Co. decreased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,016,661 shares of the business services provider's stock after selling 13,622 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.14% of Booz Allen Hamilton worth $653,752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAH. Peterson Financial Group Inc. acquired a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at $31,000. Innealta Capital LLC bought a new stake in Booz Allen Hamilton during the 2nd quarter worth approximately $34,000. Gilliland Jeter Wealth Management LLC acquired a new stake in Booz Allen Hamilton during the 3rd quarter valued at $45,000. MCF Advisors LLC raised its position in Booz Allen Hamilton by 56.2% in 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. Finally, Kennebec Savings Bank acquired a new position in Booz Allen Hamilton in the third quarter worth $60,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 25,496 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the company's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BAH shares. StockNews.com cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Truist Financial dropped their target price 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. Barclays increased their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and boosted their price objective for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Finally, TD Cowen upgraded Booz Allen Hamilton to a "strong-buy" rating in a research report on Thursday, December 19th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $167.44.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock traded down $0.75 during trading on Friday, hitting $129.65. 474,675 shares of the stock were exchanged, compared to its average volume of 888,113. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. The company has a fifty day moving average price of $153.85 and a 200-day moving average price of $154.35.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.57%. Booz Allen Hamilton's dividend payout ratio is currently 32.03%.

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.