Empowered Funds LLC Acquires 3,177 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Empowered Funds LLC boosted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 23.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,675 shares of the business services provider’s stock after acquiring an additional 3,177 shares during the period. Empowered Funds LLC’s holdings in Booz Allen Hamilton were worth $2,714,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in shares of Booz Allen Hamilton by 142.5% in the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock worth $4,248,000 after purchasing an additional 16,815 shares during the last quarter. Cumberland Partners Ltd grew its holdings in Booz Allen Hamilton by 39.5% during the third 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 during the period. CreativeOne Wealth LLC bought a new position in Booz Allen Hamilton during the first quarter valued at $955,000. Natixis bought a new position in Booz Allen Hamilton during the first quarter valued at $893,000. Finally, Covestor Ltd grew its holdings in Booz Allen Hamilton by 150.8% during the first quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 184 shares during the period. Institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on BAH. TD Cowen reduced their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price objective for the company from $180.00 to $190.00 in a report on Monday, November 4th. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Truist Financial raised their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Barclays raised their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus target price of $180.63.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $137.87 on Wednesday. The firm has a market capitalization of $17.62 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 1.79 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 52-week low of $123.17 and a 52-week high of $190.59. The stock has a fifty day moving average of $165.14 and a 200 day moving average of $156.99. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.48%. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the transaction, the chief financial officer now owns 29,618 shares in the company, valued at approximately $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton 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 completion of the transaction, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,173 shares of company stock worth $1,989,220 over the last 90 days. 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.