Empirical Asset Management LLC Acquires New Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Empirical Asset Management LLC bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,766 shares of the business services provider’s stock, valued at approximately $1,900,000.

A number of other hedge funds have also made changes to their positions in BAH. Dimensional Fund Advisors LP raised its position in Booz Allen Hamilton by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider’s stock worth $157,184,000 after acquiring an additional 93,544 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in Booz Allen Hamilton by 267.7% during the 2nd quarter. Axxcess Wealth Management LLC now owns 7,254 shares of the business services provider’s stock valued at $1,116,000 after buying an additional 5,281 shares during the last quarter. Amalgamated Bank increased its position in Booz Allen Hamilton by 2.2% during the second quarter. Amalgamated Bank now owns 8,653 shares of the business services provider’s stock worth $1,332,000 after buying an additional 184 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Booz Allen Hamilton by 13.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,518 shares of the business services provider’s stock worth $1,446,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Booz Allen Hamilton in the second quarter valued at $308,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Down 0.1 %

Shares of BAH opened at $136.22 on Friday. The firm has a market cap of $17.40 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The company’s fifty day moving average is $140.20 and its two-hundred day moving average is $152.08. Booz Allen Hamilton Holding Co. has a fifty-two week low of $125.88 and a fifty-two week high of $190.59.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

Insiders Place Their Bets

In related news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction 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 approximately $4,206,840. This represents a 14.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the sale, the chief financial officer now owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group started coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective for the company. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research report on Monday, January 6th. The Goldman Sachs Group decreased their target price on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Wells Fargo & Company cut their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $161.78.

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.