Wallace Advisory Group LLC Boosts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Wallace Advisory Group LLC increased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 107.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,366 shares of the business services provider’s stock after purchasing an additional 1,744 shares during the period. Wallace Advisory Group LLC’s holdings in Booz Allen Hamilton were worth $433,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of Booz Allen Hamilton by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after purchasing an additional 58,038 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after acquiring an additional 285,621 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Booz Allen Hamilton by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider’s stock valued at $157,184,000 after purchasing an additional 93,544 shares during the period. Eagle Asset Management Inc. increased its stake in Booz Allen Hamilton by 3.6% in the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after purchasing an additional 32,897 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Booz Allen Hamilton by 0.3% in the second quarter. Envestnet Asset Management Inc. now owns 947,231 shares of the business services provider’s stock valued at $145,779,000 after purchasing an additional 2,767 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

BAH has been the topic of a number of research analyst reports. TD Cowen decreased their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Truist Financial dropped their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. The Goldman Sachs Group dropped 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. Finally, Wells Fargo & Company dropped their price objective on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $161.78.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $135.23 on Tuesday. The firm’s 50 day simple moving average is $143.79 and its 200-day simple moving average is $152.53. The company has a market cap of $17.28 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. 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 fifty-two week low of $125.88 and a fifty-two week high of $190.59.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, 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 completion of the sale, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the company’s 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 transaction, the chief financial officer now owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.59% 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.