UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 47,733 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 732,411 shares of the business services provider’s stock after selling 47,733 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.57% of Booz Allen Hamilton worth $119,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BAH. AGF Management Ltd. increased its stake in shares of Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after acquiring an additional 679,280 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in Booz Allen Hamilton during the 3rd quarter worth approximately $48,349,000. Acadian Asset Management LLC increased its stake in Booz Allen Hamilton by 184.0% during the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock worth $51,613,000 after purchasing an additional 217,349 shares in the last quarter. Van ECK Associates Corp increased its stake in Booz Allen Hamilton by 75.3% during the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock worth $71,619,000 after purchasing an additional 199,871 shares in the last quarter. Finally, FMR LLC increased its stake in Booz Allen Hamilton by 111.6% during the 3rd quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock worth $58,077,000 after purchasing an additional 188,185 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on BAH. Wells Fargo & Company reduced their price target 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. Truist Financial reduced their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. The Goldman Sachs Group increased their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group downgraded 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. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $173.25.

Booz Allen Hamilton Stock Up 0.6 %

BAH stock opened at $148.18 on Monday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $18.93 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.78 and a beta of 0.58. The business’s fifty day moving average price is $163.86 and its two-hundred day moving average price is $156.74. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Insider Buying and Selling

In related 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 sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. This trade represents a 10.29 % 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 firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 25,496 shares in the company, valued at $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. Over the last quarter, insiders have sold 12,173 shares of company stock worth $1,989,220. Company insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Company 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.