Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Huntington National Bank

Huntington National Bank cut its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,776 shares of the business services provider’s stock after selling 164 shares during the period. Huntington National Bank’s holdings in Booz Allen Hamilton were worth $452,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Cetera Investment Advisers increased its position in 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 worth $4,248,000 after purchasing an additional 16,815 shares in the last quarter. Cumberland Partners Ltd increased its position in shares of Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after acquiring an additional 14,620 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Booz Allen Hamilton in the 1st quarter valued at $955,000. Natixis acquired a new position in shares of Booz Allen Hamilton during the 1st quarter valued at $893,000. Finally, Covestor Ltd increased its holdings in Booz Allen Hamilton by 150.8% in the 1st quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 184 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $149.39 on Friday. The firm has a market cap of $19.09 billion, a P/E ratio of 23.45, a P/E/G ratio of 2.06 and a beta of 0.58. The firm has a fifty day moving average of $165.64 and a two-hundred day moving average of $157.03. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Insiders Place Their Bets

In related news, EVP Richard Crowe sold 4,243 shares of the company’s 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 sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 4,065 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 $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 position. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 in the last quarter. Insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price target for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Barclays lifted their price objective 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. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, Truist Financial lifted their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and a consensus target price of $180.63.

Booz Allen Hamilton 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.