Park Avenue Securities LLC Grows Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Park Avenue Securities LLC boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,048 shares of the business services provider’s stock after purchasing an additional 2,051 shares during the quarter. Park Avenue Securities LLC’s holdings in Booz Allen Hamilton were worth $1,679,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cumberland Partners Ltd increased its holdings in shares of Booz Allen Hamilton by 39.5% in the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after purchasing an additional 14,620 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Booz Allen Hamilton by 29.6% in the 3rd quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock valued at $2,752,000 after purchasing an additional 3,863 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Booz Allen Hamilton by 3.6% in the 3rd 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 in the last quarter. Stifel Financial Corp increased its holdings in shares of Booz Allen Hamilton by 23.5% in the 3rd quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider’s stock valued at $19,381,000 after purchasing an additional 22,690 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in Booz Allen Hamilton in the 3rd quarter valued at about $15,152,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Buying and Selling at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 owns 29,618 shares in the company, valued at $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Performance

BAH stock opened at $136.22 on Friday. Booz Allen Hamilton Holding Co. has a fifty-two week low of $125.88 and a fifty-two week high of $190.59. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $17.40 billion, a P/E ratio of 21.38, a PEG ratio of 1.59 and a beta of 0.55. The company has a 50-day simple moving average of $140.20 and a 200 day simple moving average of $152.08.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were paid 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 was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio is presently 32.03%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BAH. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a research note on Monday, January 6th. Wells Fargo & Company lowered their price objective on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial decreased their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Finally, UBS Group began coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target on the stock. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $161.78.

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.