Booz Allen Hamilton Holding Co. (NYSE:BAH) Stake Lowered by Truist Financial Corp

Truist Financial Corp reduced its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 340,216 shares of the business services provider’s stock after selling 20,379 shares during the period. Truist Financial Corp owned 0.27% of Booz Allen Hamilton worth $43,786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at $31,000. Bogart Wealth LLC grew its holdings in shares of Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 155 shares in the last quarter. R Squared Ltd purchased a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $31,000. Roxbury Financial LLC purchased a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $35,000. Finally, Berbice Capital Management LLC purchased a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $39,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Up 1.2 %

BAH stock opened at $119.18 on Wednesday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.56. Booz Allen Hamilton Holding Co. has a 52-week low of $115.67 and a 52-week high of $190.59. The company has a 50-day moving average of $131.14 and a two-hundred day moving average of $148.61. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.33 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 30.40%.

Analyst Ratings Changes

Several research firms recently issued reports on BAH. JPMorgan Chase & Co. reduced their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price objective for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Raymond James raised shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research note on Monday, February 3rd. TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group began coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.91.

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.