Cetera Investment Advisers lowered its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 33.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,736 shares of the business services provider’s stock after selling 11,546 shares during the quarter. Cetera Investment Advisers’ holdings in Booz Allen Hamilton were worth $2,367,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group grew its stake in Booz Allen Hamilton by 102.8% in the first quarter. Brooklyn Investment Group now owns 294 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 149 shares in the last quarter. WPG Advisers LLC bought a new position in shares of Booz Allen Hamilton in the first quarter valued at $35,000. Ransom Advisory Ltd acquired a new position in Booz Allen Hamilton during the first quarter worth $35,000. Golden State Wealth Management LLC raised its position in Booz Allen Hamilton by 244.9% during the second quarter. Golden State Wealth Management LLC now owns 338 shares of the business services provider’s stock worth $35,000 after acquiring an additional 240 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in Booz Allen Hamilton in the first quarter valued at $37,000. Institutional investors own 91.82% of the company’s stock.
Booz Allen Hamilton Price Performance
Booz Allen Hamilton stock opened at $83.00 on Friday. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.46 and a beta of 0.39. The company has a current ratio of 1.76, a quick ratio of 1.78 and a debt-to-equity ratio of 3.89. Booz Allen Hamilton Holding Corporation has a 12 month low of $79.23 and a 12 month high of $150.00. The stock’s 50 day moving average is $91.75 and its 200-day moving average is $102.51.
Booz Allen Hamilton Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 33.59%.
Insiders Place Their Bets
In other Booz Allen Hamilton news, CEO Horacio Rozanski acquired 23,800 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $84.66 per share, with a total value of $2,014,908.00. Following the acquisition, the chief executive officer directly owned 687,745 shares of the company’s stock, valued at approximately $58,224,491.70. This trade represents a 3.58% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts have recently weighed in on BAH shares. Bank of America lowered shares of Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 price objective on the stock. in a research note on Friday, October 24th. JPMorgan Chase & Co. lowered their price target on Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating on the stock in a research report on Monday, October 27th. TD Cowen reaffirmed a “hold” rating and issued a $105.00 price objective (down from $125.00) on shares of Booz Allen Hamilton in a research report on Friday, October 17th. Cowen lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Friday, October 17th. Finally, Zacks Research cut Booz Allen Hamilton from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $110.82.
Check Out Our Latest Report on BAH
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.
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