Apollon Wealth Management LLC Grows Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Apollon Wealth Management LLC increased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,663 shares of the business services provider’s stock after purchasing an additional 86 shares during the period. Apollon Wealth Management LLC’s holdings in Booz Allen Hamilton were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new position in shares of Booz Allen Hamilton during the second quarter worth $26,000. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at $29,000. Innealta Capital LLC acquired a new position in Booz Allen Hamilton during the 2nd quarter worth about $34,000. Crewe Advisors LLC purchased a new position in Booz Allen Hamilton during the 1st quarter valued at about $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Booz Allen Hamilton during the third quarter worth about $45,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Down 6.0 %

Booz Allen Hamilton stock opened at $140.49 on Tuesday. The stock’s fifty day moving average is $165.64 and its two-hundred day moving average is $157.10. The stock has a market cap of $17.95 billion, a PE ratio of 22.05, a P/E/G ratio of 1.79 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Wells Fargo & Company raised 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. Barclays upped their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their target price for the company from $180.00 to $190.00 in a report on Monday, November 4th. Finally, StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $180.63.

Insider Buying and Selling at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value 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 approximately $4,206,840. The trade was a 14.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. This represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,173 shares of company stock worth $1,989,220 over the last three months. Insiders own 1.59% 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.