JPMorgan Chase & Co. Decreases Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

JPMorgan Chase & Co. reduced its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,016,661 shares of the business services provider’s stock after selling 13,622 shares during the period. JPMorgan Chase & Co.’s holdings in Booz Allen Hamilton were worth $653,752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cumberland Partners Ltd grew its position in shares of Booz Allen Hamilton by 39.5% in the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after buying an additional 14,620 shares during the last quarter. Toronto Dominion Bank boosted its stake in Booz Allen Hamilton by 29.6% in the third quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock valued at $2,752,000 after acquiring an additional 3,863 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Booz Allen Hamilton by 3.6% during the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after purchasing an additional 32,897 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Booz Allen Hamilton by 23.5% during the third quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider’s stock worth $19,381,000 after purchasing an additional 22,690 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of Booz Allen Hamilton during the third quarter worth about $15,152,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BAH. Barclays raised their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. TD Cowen raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their target price 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, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Hold” and an average target price of $167.44.

Booz Allen Hamilton Stock Down 0.6 %

Shares of Booz Allen Hamilton stock opened at $129.65 on Friday. The company has a market cap of $16.57 billion, a P/E ratio of 20.35, a PEG ratio of 1.62 and a beta of 0.52. The firm has a fifty day moving average of $154.54 and a two-hundred day moving average of $154.50. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. Booz Allen Hamilton Holding Co. has a one year low of $123.17 and a one year high of $190.59.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were given 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 1.57%. Booz Allen Hamilton’s payout ratio is currently 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.