OVERSEA CHINESE BANKING Corp Ltd Takes Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,997 shares of the business services provider's stock, valued at approximately $651,000.

Several other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in shares of Booz Allen Hamilton by 142.5% during the 1st quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider's stock valued at $4,248,000 after acquiring an additional 16,815 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Booz Allen Hamilton by 2.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 149,998 shares of the business services provider's stock valued at $22,266,000 after acquiring an additional 4,264 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Booz Allen Hamilton during the 1st quarter valued at about $955,000. Natixis purchased a new stake in shares of Booz Allen Hamilton during the 1st quarter valued at about $893,000. Finally, Covestor Ltd boosted its holdings in shares of Booz Allen Hamilton by 150.8% during the 1st quarter. Covestor Ltd now owns 306 shares of the business services provider's stock valued at $46,000 after acquiring an additional 184 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on BAH. Truist Financial raised their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Wells Fargo & Company raised their price objective on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. The Goldman Sachs Group raised their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and raised their price objective for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Finally, StockNews.com cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $180.63.

Insider Activity at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the firm'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 $700,095.00. Following the completion of the transaction, 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares of the company's stock, valued at $4,886,970. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton 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 transaction, the executive vice president now directly owns 25,496 shares of the company's stock, valued at $4,206,840. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by corporate insiders.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock traded down $14.41 on Thursday, hitting $157.59. 1,512,918 shares of the company traded hands, compared to its average volume of 730,516. The stock has a market capitalization of $20.14 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 2.18 and a beta of 0.58. 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 Holding Co. has a 52 week low of $123.17 and a 52 week high of $190.59. The business has a 50-day simple moving average of $165.72 and a 200 day simple moving average of $156.97.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors 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 dividend yield of 1.29%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 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.