Thrivent Financial for Lutherans Has $9.96 Million Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Thrivent Financial for Lutherans boosted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 10.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,203 shares of the business services provider’s stock after buying an additional 6,007 shares during the period. Thrivent Financial for Lutherans’ holdings in Booz Allen Hamilton were worth $9,961,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. purchased a new position in Booz Allen Hamilton during the 3rd quarter worth $31,000. Gladius Capital Management LP increased its stake in shares of Booz Allen Hamilton by 19.7% during the 3rd quarter. Gladius Capital Management LP now owns 5,448 shares of the business services provider’s stock worth $887,000 after purchasing an additional 898 shares during the last quarter. Natixis Advisors LLC grew its holdings in Booz Allen Hamilton by 1.8% during the third quarter. Natixis Advisors LLC now owns 154,358 shares of the business services provider’s stock valued at $25,123,000 after purchasing an additional 2,765 shares during the period. Valley Wealth Managers Inc. lifted its position in shares of Booz Allen Hamilton by 11.1% during the 3rd quarter. Valley Wealth Managers Inc. now owns 3,417 shares of the business services provider’s stock valued at $556,000 after buying an additional 341 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Booz Allen Hamilton by 23.5% in the third quarter. Empowered Funds LLC now owns 16,675 shares of the business services provider’s stock valued at $2,714,000 after purchasing an additional 3,177 shares during the period. 91.82% of the stock is owned by institutional investors.

Insider Activity at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of the firm’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 $700,095.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BAH shares. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their target price for the company from $180.00 to $190.00 in a report on Monday, November 4th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Barclays upped 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 note 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 report on Monday, October 28th. Finally, StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $180.63.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock opened at $149.52 on Friday. The business has a fifty day simple moving average of $164.99 and a two-hundred day simple moving average of $156.90. The firm has a market capitalization of $19.10 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.66 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. Booz Allen Hamilton Holding Co. has a 12 month low of $123.17 and a 12 month high of $190.59.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is 32.03%.

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.