Comerica Bank Increases Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Comerica Bank increased its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,302 shares of the business services provider's stock after acquiring an additional 4,261 shares during the quarter. Comerica Bank's holdings in Booz Allen Hamilton were worth $7,632,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Booz Allen Hamilton by 12.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock worth $581,516,000 after acquiring an additional 501,725 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Booz Allen Hamilton by 15.3% in the fourth quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock worth $360,957,000 after purchasing an additional 371,390 shares during the last quarter. Norges Bank bought a new position in shares of Booz Allen Hamilton during the fourth quarter valued at about $196,578,000. Raymond James Financial Inc. bought a new stake in Booz Allen Hamilton during the fourth quarter worth $173,055,000. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Booz Allen Hamilton by 11.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider's stock worth $184,347,000 after purchasing an additional 141,541 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

NYSE:BAH traded down $0.14 during mid-day trading on Wednesday, reaching $123.21. The stock had a trading volume of 1,151,045 shares, compared to its average volume of 1,537,480. Booz Allen Hamilton Holding Co. has a one year low of $101.05 and a one year high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a 50 day moving average price of $111.77 and a two-hundred day moving average price of $131.01. The stock has a market capitalization of $15.60 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.25 and a beta of 0.56.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BAH. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Truist Financial decreased their price target 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. 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. Wells Fargo & Company lowered their target price on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $146.45.

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.