Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,313 shares of the business services provider’s stock after buying an additional 179 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Booz Allen Hamilton were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. AGF Management Ltd. raised its holdings in Booz Allen Hamilton by 63.4% during the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after purchasing an additional 679,280 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Booz Allen Hamilton by 6.1% during the second quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock worth $257,469,000 after purchasing an additional 96,553 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 93,544 shares during the period. Eagle Asset Management Inc. raised its holdings 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 worth $155,810,000 after purchasing an additional 32,897 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings 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 worth $145,779,000 after purchasing an additional 2,767 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on BAH shares. Truist Financial decreased their target price 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. Barclays upped their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Wells Fargo & Company decreased their price objective on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $167.44.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton 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 owns 25,496 shares in the company, valued at $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value 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 $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,173 shares of company stock valued at $1,989,220. Company insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Trading Up 0.5 %

Shares of BAH stock opened at $135.60 on Friday. The business’s 50 day moving average is $160.48 and its two-hundred day moving average is $155.97. Booz Allen Hamilton Holding Co. has a twelve month low of $123.17 and a twelve month high of $190.59. The company has a market capitalization of $17.33 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 1.75 and a beta of 0.52. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.50%. 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.