Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by Anchor Investment Management LLC

Anchor Investment Management LLC raised its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 865.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 647 shares of the business services provider’s stock after purchasing an additional 580 shares during the quarter. Anchor Investment Management LLC’s holdings in Booz Allen Hamilton were worth $105,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in Booz Allen Hamilton during the third quarter worth $31,000. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton in the 2nd quarter worth about $29,000. Innealta Capital LLC acquired a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $34,000. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at about $45,000. Finally, MCF Advisors LLC raised its stake in Booz Allen Hamilton by 56.2% during the second quarter. MCF Advisors LLC now owns 353 shares of the business services provider’s stock worth $54,000 after acquiring an additional 127 shares during the period. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $134.38 on Friday. The stock has a market cap of $17.17 billion, a P/E ratio of 21.10, a P/E/G ratio of 1.62 and a beta of 0.52. The firm’s 50-day simple moving average is $159.96 and its 200 day simple moving average is $155.81. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.52%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Insider Activity

In other news, CFO Matthew Calderone sold 4,065 shares of the business’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 sale, the chief financial officer now owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. The trade was a 12.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 over the last three months. Corporate insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BAH shares. Wells Fargo & Company lowered their target price on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. Truist Financial lowered their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. The Goldman Sachs Group cut their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday. UBS Group started coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target for the company. Finally, Barclays lifted their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $167.44.

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.