Amalgamated Bank Raises Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Amalgamated Bank grew its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 14.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,881 shares of the business services provider’s stock after buying an additional 1,228 shares during the quarter. Amalgamated Bank’s holdings in Booz Allen Hamilton were worth $1,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Booz Allen Hamilton in the second quarter worth about $26,000. OFI Invest Asset Management purchased a new stake in Booz Allen Hamilton in the second quarter worth about $29,000. Innealta Capital LLC purchased a new stake in Booz Allen Hamilton in the second quarter worth about $34,000. Crewe Advisors LLC purchased a new stake in shares of Booz Allen Hamilton during the first quarter worth about $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Booz Allen Hamilton during the third quarter worth about $45,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Activity

In other news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the sale, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock valued at $1,989,220 in the last ninety days. Insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $181.45 on Wednesday. The firm has a market capitalization of $23.18 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.52 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 business has a 50 day simple moving average of $165.42 and a 200-day simple moving average of $156.86. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s payout ratio is 32.03%.

Wall Street Analyst Weigh In

BAH has been the subject of several research analyst reports. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their target price for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Wells Fargo & Company increased their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Finally, Barclays raised their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus target price of $180.63.

Booz Allen Hamilton 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.