Park Avenue Securities LLC Has $1.68 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

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

Several other hedge funds have also recently bought and sold shares of BAH. Peterson Financial Group Inc. acquired a new stake in shares of Booz Allen Hamilton in the third quarter valued at $31,000. Gilliland Jeter Wealth Management LLC acquired a new stake in Booz Allen Hamilton in the third quarter worth about $45,000. Kennebec Savings Bank acquired a new stake in Booz Allen Hamilton in the third quarter worth about $60,000. Matrix Trust Co increased its position in Booz Allen Hamilton by 734.8% in the fourth quarter. Matrix Trust Co now owns 743 shares of the business services provider’s stock worth $96,000 after purchasing an additional 654 shares during the period. Finally, Covestor Ltd increased its position in Booz Allen Hamilton by 87.2% in the third quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock worth $103,000 after purchasing an additional 293 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BAH shares. Wells Fargo & Company lowered their price objective on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. TD Cowen reduced their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. UBS Group initiated coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price on the stock. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Finally, Truist Financial reduced their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. One 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. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and an average target price of $161.78.

Booz Allen Hamilton Trading Down 0.1 %

NYSE BAH opened at $136.22 on Friday. The business has a 50 day simple moving average of $140.20 and a 200 day simple moving average of $152.08. The stock has a market capitalization of $17.40 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.59 and a beta of 0.55. 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 $125.88 and a one year high of $190.59.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.50%. Booz Allen Hamilton’s dividend payout ratio is presently 32.03%.

Insider Activity

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction 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 sale, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Richard Crowe sold 4,243 shares of the business’s 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 sale, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

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.