Ameriprise Financial Inc. Has $572.33 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Ameriprise Financial Inc. cut its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,435,623 shares of the business services provider's stock after selling 29,617 shares during the period. Ameriprise Financial Inc. owned approximately 3.50% of Booz Allen Hamilton worth $572,334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAH. Moody Aldrich Partners LLC boosted its position in Booz Allen Hamilton by 4.7% during the fourth quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider's stock worth $214,000 after purchasing an additional 74 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Booz Allen Hamilton by 4.3% during the 4th quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider's stock worth $234,000 after buying an additional 75 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Booz Allen Hamilton by 2.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider's stock worth $535,000 after buying an additional 82 shares during the period. M&T Bank Corp grew its stake in Booz Allen Hamilton by 0.9% in the 4th quarter. M&T Bank Corp now owns 10,171 shares of the business services provider's stock valued at $1,309,000 after buying an additional 88 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in Booz Allen Hamilton by 0.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 16,579 shares of the business services provider's stock valued at $2,134,000 after acquiring an additional 90 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Truist Financial decreased their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company decreased their price objective on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Raymond James raised shares of 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. The Goldman Sachs Group restated a "neutral" rating and set a $109.00 target price (down previously from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given 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 "Hold" and an average price target of $146.45.

Booz Allen Hamilton Price Performance

Shares of BAH stock traded up $0.61 during trading hours on Friday, reaching $124.24. The company's stock had a trading volume of 991,077 shares, compared to its average volume of 1,543,886. 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 fifty-two week low of $101.05 and a fifty-two week high of $190.59. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.25 and a beta of 0.56. The firm's 50 day simple moving average is $112.56 and its 200-day simple moving average is $130.24.

Booz Allen Hamilton 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.