Wells Fargo & Company Has Lowered Expectations for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH - Free Report) had its price objective reduced by Wells Fargo & Company from $177.00 to $171.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the business services provider's stock.

BAH has been the topic of several other research reports. Jefferies Financial Group lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating and increased their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Truist Financial reduced their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a research note on Friday, November 22nd. TD Cowen raised shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Thursday, December 19th. Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target on the stock in a research report on Monday. Finally, The Goldman Sachs Group lowered their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Booz Allen Hamilton has an average rating of "Hold" and an average price target of $161.78.

Booz Allen Hamilton Price Performance

Shares of BAH stock traded up $0.53 during trading hours on Wednesday, reaching $129.77. 1,623,511 shares of the company were exchanged, compared to its average volume of 1,689,742. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.62 and a beta of 0.55. The stock's fifty day moving average is $147.82 and its two-hundred day moving average is $153.23. Booz Allen Hamilton has a fifty-two week low of $125.42 and a fifty-two week high of $190.59.

Booz Allen Hamilton Announces Dividend

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

Insider Buying and Selling at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 4,065 shares of the 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 $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 approximately $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly 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. Company insiders own 1.59% of the company's stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Several hedge funds have recently added to or reduced their stakes in BAH. Private Advisor Group LLC boosted its stake in Booz Allen Hamilton by 30.6% in the 2nd quarter. Private Advisor Group LLC now owns 7,598 shares of the business services provider's stock valued at $1,169,000 after purchasing an additional 1,782 shares during the period. Candriam S.C.A. raised its position in shares of Booz Allen Hamilton by 14.9% in the second quarter. Candriam S.C.A. now owns 10,579 shares of the business services provider's stock valued at $1,628,000 after buying an additional 1,373 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Booz Allen Hamilton during the second quarter worth approximately $83,000. Prudential PLC increased its stake in Booz Allen Hamilton by 112.3% during the 2nd quarter. Prudential PLC now owns 3,214 shares of the business services provider's stock worth $495,000 after acquiring an additional 1,700 shares during the period. Finally, Choreo LLC acquired a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth $648,000. Institutional investors and hedge funds own 91.82% of the company's stock.

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.