CIBC Asset Management Inc Boosts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

CIBC Asset Management Inc lifted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,688 shares of the business services provider’s stock after buying an additional 240 shares during the period. CIBC Asset Management Inc’s holdings in Booz Allen Hamilton were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BAH. AGF Management Ltd. grew its stake in 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 purchasing an additional 679,280 shares during the period. Captrust Financial Advisors raised its holdings in shares of Booz Allen Hamilton by 29.4% in the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock worth $159,741,000 after purchasing an additional 244,391 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Booz Allen Hamilton by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after purchasing an additional 222,884 shares during the last quarter. Acadian Asset Management LLC increased its position in Booz Allen Hamilton by 184.0% in the second quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock worth $51,613,000 after buying an additional 217,349 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Booz Allen Hamilton by 75.3% in the second quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock valued at $71,619,000 after buying an additional 199,871 shares during the period. 91.82% of the stock is owned by institutional investors.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the transaction, the chief financial officer now owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Crowe sold 4,243 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 transaction of $700,095.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 over the last 90 days. 1.59% of the stock is owned by insiders.

Booz Allen Hamilton Stock Up 4.6 %

BAH stock opened at $144.21 on Thursday. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 1.79 and a beta of 0.58. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The company’s 50 day moving average is $164.99 and its 200 day moving average is $156.90.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BAH. Barclays lifted their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Wells Fargo & Company upped their price target on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. The Goldman Sachs Group raised their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Truist Financial increased their price objective on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $180.63.

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.