Franklin Resources Inc. Has $14.25 Million Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Franklin Resources Inc. lifted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 9.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 87,607 shares of the business services provider’s stock after purchasing an additional 7,271 shares during the period. Franklin Resources Inc.’s holdings in Booz Allen Hamilton were worth $14,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC raised its position in Booz Allen Hamilton by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock valued at $381,898,000 after purchasing an additional 58,038 shares during the last quarter. AGF Management Ltd. increased its stake in shares of Booz Allen Hamilton by 63.4% in the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after buying an additional 679,280 shares during the period. American Century Companies Inc. raised its holdings in Booz Allen Hamilton by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock valued at $257,469,000 after buying an additional 96,553 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after buying an additional 285,621 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Booz Allen Hamilton by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider’s stock worth $157,184,000 after acquiring an additional 93,544 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BAH shares. The Goldman Sachs Group dropped their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. TD Cowen upgraded Booz Allen Hamilton to a “strong-buy” rating in a research report on Thursday. Wells Fargo & Company decreased their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and an average target price of $167.44.

Insider Activity

In other news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This trade represents a 10.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares in the company, 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. Insiders sold 12,173 shares of company stock worth $1,989,220 in the last quarter. 1.59% of the stock is owned by corporate insiders.

Booz Allen Hamilton Trading Up 2.0 %

NYSE BAH opened at $131.19 on Friday. The stock has a market capitalization of $16.76 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.62 and a beta of 0.52. The business has a 50 day simple moving average of $157.17 and a 200 day simple moving average of $155.12. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. Booz Allen Hamilton Holding Co. has a one year low of $123.17 and a one year high of $190.59.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

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.