Van ECK Associates Corp Raises Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Van ECK Associates Corp boosted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 34.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 627,446 shares of the business services provider's stock after buying an additional 162,083 shares during the period. Van ECK Associates Corp owned approximately 0.49% of Booz Allen Hamilton worth $102,437,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. AGF Management Ltd. lifted its holdings in shares of Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider's stock worth $269,419,000 after acquiring an additional 679,280 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Booz Allen Hamilton by 29.4% during the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider's stock worth $159,741,000 after acquiring an additional 244,391 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider's stock valued at $1,544,798,000 after purchasing an additional 222,884 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Booz Allen Hamilton by 184.0% in the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider's stock valued at $51,613,000 after purchasing an additional 217,349 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Booz Allen Hamilton by 91.6% in the 2nd quarter. Millennium Management LLC now owns 367,645 shares of the business services provider's stock valued at $56,581,000 after purchasing an additional 175,795 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com raised shares of Booz Allen Hamilton from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Barclays raised 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. TD Cowen dropped their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Monday, July 29th. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and raised their price target for the company from $180.00 to $190.00 in a research note on Monday. Finally, Truist Financial raised their price target 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $180.63.

Booz Allen Hamilton Stock Up 0.7 %

NYSE:BAH traded up $1.34 during trading hours on Monday, reaching $182.62. The company had a trading volume of 778,871 shares, compared to its average volume of 696,105. The company has a quick ratio of 1.55, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm has a market cap of $23.33 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 2.49 and a beta of 0.58. The business's 50-day simple moving average is $161.91 and its two-hundred day simple moving average is $154.99. Booz Allen Hamilton Holding Co. has a twelve month low of $122.59 and a twelve month high of $189.13.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton's payout ratio is 32.03%.

Insider Activity

In other news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton 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 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now owns 25,496 shares of the company's stock, valued at approximately $4,206,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated 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 sale, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 over the last three months. 1.59% of the stock is currently owned by insiders.

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.