Ascent Group LLC Has $763,000 Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Ascent Group LLC raised its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,686 shares of the business services provider’s stock after acquiring an additional 296 shares during the quarter. Ascent Group LLC’s holdings in Booz Allen Hamilton were worth $763,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in shares of Booz Allen Hamilton during the second quarter worth $26,000. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton in the third quarter valued at $31,000. OFI Invest Asset Management bought a new position in Booz Allen Hamilton in the 2nd quarter valued at about $29,000. Innealta Capital LLC bought a new position in shares of Booz Allen Hamilton during the second quarter worth approximately $34,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Booz Allen Hamilton during the third quarter worth $45,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on BAH shares. Wells Fargo & Company cut their target price on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. Barclays upped their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price target for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $171.67.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $146.06 on Wednesday. The business’s 50 day moving average price is $163.36 and its 200-day moving average price is $156.67. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $18.66 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.79 and a beta of 0.52.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by corporate insiders.

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.