Peterson Financial Group Inc. Invests $31,000 in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Peterson Financial Group Inc. purchased a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 3rd quarter, HoldingsChannel reports. The fund purchased 188 shares of the business services provider’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BAH. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton in the 2nd quarter worth approximately $26,000. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton in the second quarter valued at approximately $29,000. Innealta Capital LLC purchased a new position in Booz Allen Hamilton during the second quarter worth approximately $34,000. Crewe Advisors LLC acquired a new position in Booz Allen Hamilton during the first quarter worth $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Booz Allen Hamilton in the 3rd quarter valued at $45,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Down 3.0 %

Booz Allen Hamilton stock opened at $149.39 on Friday. The company has a market capitalization of $19.09 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 1.79 and a beta of 0.58. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59. The firm has a 50 day moving average price of $165.64 and a 200 day moving average price of $157.03.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be issued a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.37%. Booz Allen Hamilton’s dividend payout ratio is presently 32.03%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. The Goldman Sachs Group boosted their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company raised their price target on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Barclays upped their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $180.63.

Insider Buying and Selling

In other news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company’s stock.

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.