The Goldman Sachs Group Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $158.00

Booz Allen Hamilton (NYSE:BAH) had its target price lowered by The Goldman Sachs Group from $210.00 to $158.00 in a research note issued to investors on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the business services provider’s stock.

BAH has been the subject of several other research reports. UBS Group started coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target for the company. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Barclays upped their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Truist Financial cut their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Finally, StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $167.44.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $134.46 on Thursday. The business has a 50 day moving average of $159.96 and a 200-day moving average of $155.81. 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 has a 1 year low of $123.17 and a 1 year high of $190.59. The company has a market capitalization of $17.18 billion, a P/E ratio of 21.11, a P/E/G ratio of 1.62 and a beta of 0.52.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were paid 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 yield of 1.52%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction 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. The trade was a 14.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the sale, the chief financial officer now owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Several large investors have recently modified their holdings of BAH. Peterson Financial Group Inc. purchased a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at approximately $31,000. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton in the second quarter worth $29,000. Innealta Capital LLC purchased a new position in shares of Booz Allen Hamilton in the second quarter valued at $34,000. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at $45,000. Finally, MCF Advisors LLC lifted its holdings in Booz Allen Hamilton by 56.2% during the 2nd quarter. MCF Advisors LLC now owns 353 shares of the business services provider’s stock worth $54,000 after purchasing an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 91.82% 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.