Truist Financial Corp Trims Stock Holdings in Booz Allen Hamilton Holding Corporation $BAH

Truist Financial Corp decreased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 45.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,791 shares of the business services provider’s stock after selling 176,897 shares during the quarter. Truist Financial Corp’s holdings in Booz Allen Hamilton were worth $17,867,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BAH. Activest Wealth Management boosted its stake in shares of Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock worth $26,000 after acquiring an additional 178 shares during the period. Torren Management LLC bought a new position in shares of Booz Allen Hamilton in the fourth quarter worth about $26,000. Rakuten Securities Inc. boosted its stake in shares of Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after acquiring an additional 199 shares during the period. Aventura Private Wealth LLC bought a new position in shares of Booz Allen Hamilton in the fourth quarter worth about $27,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Booz Allen Hamilton by 244.0% in the third quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock worth $29,000 after acquiring an additional 205 shares during the period. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 0.1%

Shares of NYSE BAH opened at $76.36 on Thursday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81. The business’s 50 day moving average price is $79.27 and its 200-day moving average price is $84.61. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $73.93 and a fifty-two week high of $130.91. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 4.40 and a beta of 0.32.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wells Fargo & Company assumed coverage on Booz Allen Hamilton in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price target for the company. Truist Financial decreased their price objective on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Weiss Ratings downgraded Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. UBS Group restated a “neutral” rating and set a $97.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Finally, Citigroup decreased their price objective on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $94.17.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.