Truist Financial Corp Trims Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Truist Financial Corp trimmed its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 340,216 shares of the business services provider's stock after selling 20,379 shares during the quarter. Truist Financial Corp owned 0.27% of Booz Allen Hamilton worth $43,786,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BAH. CIBC Asset Management Inc boosted its stake in Booz Allen Hamilton by 13.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,319 shares of the business services provider's stock worth $685,000 after purchasing an additional 631 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Booz Allen Hamilton by 127.7% during the fourth quarter. Allworth Financial LP now owns 3,546 shares of the business services provider's stock valued at $456,000 after buying an additional 1,989 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $35,000. New York State Teachers Retirement System purchased a new position in Booz Allen Hamilton in the 4th quarter worth approximately $1,520,000. Finally, Bogart Wealth LLC lifted its position in Booz Allen Hamilton by 387.5% in 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. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Price Performance

BAH stock traded down $1.36 during mid-day trading on Friday, hitting $112.27. The company had a trading volume of 4,374,811 shares, compared to its average volume of 2,115,542. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.31 and a beta of 0.55. The company has a 50-day moving average price of $129.90 and a 200 day moving average price of $147.98. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 12-month low of $106.69 and a 12-month high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. On average, research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a $0.55 dividend. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.96%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 32.79%.

Analyst Upgrades and Downgrades

BAH has been the subject of a number of research analyst reports. Barclays raised Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 target price for the company in a report on Monday, January 6th. Raymond James raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research report on Monday, February 3rd. Jefferies Financial Group cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and upped their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. William Blair lowered shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday. Finally, Cantor Fitzgerald started coverage on shares of Booz Allen Hamilton in a research report on Friday, February 7th. They set an "overweight" rating and a $160.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.