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

Apollon Wealth Management LLC lifted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,663 shares of the business services provider’s stock after acquiring an additional 86 shares during the quarter. Apollon Wealth Management LLC’s holdings in Booz Allen Hamilton were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BAH. Opal Wealth Advisors LLC acquired a new stake in Booz Allen Hamilton in the second quarter valued at approximately $26,000. OFI Invest Asset Management acquired a new stake in Booz Allen Hamilton in the 2nd quarter valued at $29,000. Innealta Capital LLC purchased a new stake in Booz Allen Hamilton in the 2nd quarter worth $34,000. Crewe Advisors LLC acquired a new position in Booz Allen Hamilton during the first quarter worth $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Booz Allen Hamilton during the third quarter valued at $45,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $140.49 on Tuesday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s fifty day moving average is $165.64 and its two-hundred day moving average is $157.10. The firm has a market capitalization of $17.95 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.79 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed 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 dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BAH. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Truist Financial increased their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a report on Monday, October 28th. TD Cowen decreased their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Barclays boosted their price target 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. Finally, The Goldman Sachs Group raised their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $180.63.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 3,865 shares of the company’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 directly owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richard Crowe sold 4,243 shares of the firm’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 sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,173 shares of company stock worth $1,989,220. 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.