Portside Wealth Group LLC Has $520,000 Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Portside Wealth Group LLC grew its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,192 shares of the business services provider’s stock after purchasing an additional 238 shares during the quarter. Portside Wealth Group LLC’s holdings in Booz Allen Hamilton were worth $520,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Booz Allen Hamilton during the second quarter worth about $26,000. OFI Invest Asset Management bought a new position in Booz Allen Hamilton in the second quarter valued at $29,000. Innealta Capital LLC acquired a new stake in Booz Allen Hamilton in the 2nd quarter valued at $34,000. Crewe Advisors LLC acquired a new position in shares of Booz Allen Hamilton during the 1st quarter worth about $35,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of Booz Allen Hamilton in the 3rd quarter valued at about $45,000. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Trading Up 4.3 %

Shares of BAH stock opened at $183.42 on Friday. Booz Allen Hamilton Holding Co. has a 52-week low of $123.17 and a 52-week high of $190.59. The company has a market capitalization of $23.44 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 2.51 and a beta of 0.58. 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 business’s fifty day moving average is $164.43 and its 200 day moving average is $156.18.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.11%. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Buying and Selling

In related news, 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 transaction of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the 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 owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were 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 $5,389,280. This trade represents a 0.00 % 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 worth $1,989,220 in the last 90 days. 1.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

BAH has been the topic of several research analyst reports. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Barclays raised 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. TD Cowen lowered their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Finally, Wells Fargo & Company boosted their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Hold” and a consensus price target 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.