UMB Bank n.a. Cuts Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

UMB Bank n.a. decreased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,680 shares of the business services provider’s stock after selling 140 shares during the period. UMB Bank n.a.’s holdings in Booz Allen Hamilton were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in BAH. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton during the second quarter valued at $26,000. OFI Invest Asset Management acquired a new stake in Booz Allen Hamilton in the 2nd quarter worth about $29,000. Banque Cantonale Vaudoise increased its stake in Booz Allen Hamilton by 112.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after buying an additional 109 shares in the last quarter. Smithfield Trust Co raised its holdings in shares of Booz Allen Hamilton by 87.7% during the fourth quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 121 shares during the last quarter. Finally, MCF Advisors LLC lifted its position in shares of Booz Allen Hamilton by 103.6% in the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Stifel Nicolaus increased their target price on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $168.00 to $165.00 in a research note on Monday, July 29th. Finally, Jefferies Financial Group boosted their target price on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.56.

Insiders Place Their Bets

In related news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the transaction, the director now directly owns 18,123 shares in the company, valued at approximately $2,597,207.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Crowe sold 1,006 shares of Booz Allen Hamilton stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total value of $152,871.76. Following the completion of the transaction, the executive vice president now directly owns 29,739 shares of the company’s stock, valued at $4,519,138.44. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by insiders.

Booz Allen Hamilton Trading Up 0.9 %

Shares of NYSE BAH traded up $1.41 during midday trading on Friday, reaching $158.78. 577,255 shares of the stock were exchanged, compared to its average volume of 671,511. The stock has a market capitalization of $20.53 billion, a P/E ratio of 34.39, a PEG ratio of 2.06 and a beta of 0.57. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.62 and a current ratio of 1.55. The company has a 50 day simple moving average of $151.93 and a 200 day simple moving average of $149.69. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. As a group, equities analysts expect that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be given a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.28%. Booz Allen Hamilton’s payout ratio is currently 44.35%.

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.