Booz Allen Hamilton Holding Co. (NYSE:BAH) Stake Cut by National Bank of Canada FI

National Bank of Canada FI decreased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 40.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,212 shares of the business services provider’s stock after selling 6,815 shares during the period. National Bank of Canada FI’s holdings in Booz Allen Hamilton were worth $1,662,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton during the 2nd quarter valued at about $29,000. Peterson Financial Group Inc. bought a new position in shares of Booz Allen Hamilton during the third quarter valued at approximately $31,000. Innealta Capital LLC bought a new position in shares of Booz Allen Hamilton during the second quarter valued at approximately $34,000. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Booz Allen Hamilton during the 3rd quarter worth approximately $45,000. Finally, MCF Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 56.2% in the 2nd quarter. MCF Advisors LLC now owns 353 shares of the business services provider’s stock worth $54,000 after purchasing an additional 127 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were 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 $5,389,280. The trade was a 10.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Crowe sold 4,243 shares of the firm’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 owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

BAH has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group initiated coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective on the stock. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $167.44.

Booz Allen Hamilton Trading Down 0.9 %

Booz Allen Hamilton stock opened at $134.38 on Friday. Booz Allen Hamilton Holding Co. has a 12-month low of $123.17 and a 12-month high of $190.59. 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 stock has a market capitalization of $17.17 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. The firm has a 50 day simple moving average of $159.96 and a 200-day simple moving average of $155.81.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was 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.