Stifel Financial Corp Buys 22,690 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Stifel Financial Corp raised its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 23.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 119,072 shares of the business services provider's stock after purchasing an additional 22,690 shares during the quarter. Stifel Financial Corp owned 0.09% of Booz Allen Hamilton worth $19,381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BAH. Oppenheimer & Co. Inc. grew its position 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 valued at $297,000 after buying an additional 59 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Booz Allen Hamilton by 4.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider's stock worth $246,000 after purchasing an additional 69 shares in the last quarter. X Square Capital LLC raised its holdings in Booz Allen Hamilton by 0.7% in the 2nd quarter. X Square Capital LLC now owns 10,509 shares of the business services provider's stock worth $1,617,000 after purchasing an additional 72 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in Booz Allen Hamilton by 13.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider's stock valued at $111,000 after purchasing an additional 79 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Booz Allen Hamilton by 1.9% during the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider's stock valued at $685,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded up $0.98 during midday trading on Tuesday, reaching $141.78. 1,670,460 shares of the stock traded hands, compared to its average volume of 854,177. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton Holding Co. has a 12 month low of $123.17 and a 12 month high of $190.59. The stock's fifty day moving average is $161.95 and its 200-day moving average is $156.38. The stock has a market cap of $18.12 billion, a P/E ratio of 22.11, a PEG ratio of 1.75 and a beta of 0.52.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Friday, November 15th. Booz Allen Hamilton's payout ratio is 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the business'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 transaction, the executive vice president now owns 25,496 shares of the company's stock, valued at approximately $4,206,840. The trade was a 14.27 % 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 90 days. 1.59% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on BAH shares. StockNews.com downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. The Goldman Sachs Group lifted their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Truist Financial reduced their price objective 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 lifted their target price 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. Finally, UBS Group initiated coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Booz Allen Hamilton presently has an average rating of "Hold" and a consensus target price of $171.67.

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.