ING Groep NV Lowers Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

ING Groep NV decreased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 90.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,500 shares of the business services provider’s stock after selling 50,000 shares during the period. ING Groep NV’s holdings in Booz Allen Hamilton were worth $895,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Metis Global Partners LLC raised its stake in Booz Allen Hamilton by 7.1% in the third quarter. Metis Global Partners LLC now owns 2,474 shares of the business services provider’s stock worth $403,000 after buying an additional 163 shares in the last quarter. Zions Bancorporation N.A. raised its stake in Booz Allen Hamilton by 25.3% in the third quarter. Zions Bancorporation N.A. now owns 6,105 shares of the business services provider’s stock worth $994,000 after buying an additional 1,232 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after buying an additional 59 shares in the last quarter. MQS Management LLC bought a new position in Booz Allen Hamilton in the third quarter worth approximately $226,000. Finally, Cumberland Partners Ltd raised its stake in Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after buying an additional 14,620 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Activity at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the company’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 of the company’s stock, valued at $4,206,840. This represents a 14.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares in the company, 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. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 in the last ninety days. Company insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Price Performance

NYSE BAH opened at $149.39 on Monday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The stock’s fifty day moving average price is $165.64 and its 200 day moving average price is $157.10. 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 market cap of $19.09 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 1.79 and a beta of 0.58.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s payout ratio is 32.03%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BAH. Wells Fargo & Company boosted their price objective on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Barclays boosted their price objective on shares of 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. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Truist Financial upped their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group upped their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $180.63.

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.