Cynosure Group LLC Sells 178 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cynosure Group LLC decreased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,311 shares of the business services provider’s stock after selling 178 shares during the period. Cynosure Group LLC’s holdings in Booz Allen Hamilton were worth $376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at $26,000. OFI Invest Asset Management bought a new position in Booz Allen Hamilton in the second quarter valued at about $29,000. Peterson Financial Group Inc. purchased a new position in Booz Allen Hamilton in the third quarter worth about $31,000. Innealta Capital LLC bought a new stake in shares of Booz Allen Hamilton during the 2nd quarter valued at about $34,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at about $45,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

BAH has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a report on Tuesday. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. The Goldman Sachs Group boosted their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Truist Financial decreased their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Finally, StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $173.25.

Insider Transactions at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The trade was a 10.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were 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 approximately $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by corporate insiders.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $147.35 on Friday. The business has a 50-day moving average price of $164.23 and a 200-day moving average price of $156.73. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a twelve month low of $123.17 and a twelve month high of $190.59. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

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 given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is currently 32.03%.

About Booz Allen Hamilton

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.