Booz Allen Hamilton Holding Corporation $BAH Shares Sold by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp cut its Booz Allen Hamilton stake by 96.3% in the fourth quarter, selling 47,491 shares and leaving it with 1,824 shares worth about $154,000.
• Other institutional investors also adjusted positions, but hedge funds and institutions still own 91.82% of Booz Allen Hamilton’s shares.
• Analysts remain cautious overall: the stock has a consensus rating of “Reduce” with a consensus price target of $94.17, while shares recently opened at $76.97.

Fifth Third Bancorp trimmed its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 96.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,824 shares of the business services provider's stock after selling 47,491 shares during the quarter. Fifth Third Bancorp's holdings in Booz Allen Hamilton were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Greenleaf Trust raised its stake in shares of Booz Allen Hamilton by 5.2% during the third quarter. Greenleaf Trust now owns 2,082 shares of the business services provider's stock worth $208,000 after purchasing an additional 102 shares during the last quarter. KPP Advisory Services LLC grew its position in Booz Allen Hamilton by 2.5% in the 3rd quarter. KPP Advisory Services LLC now owns 5,119 shares of the business services provider's stock valued at $512,000 after buying an additional 123 shares during the last quarter. Johnson Financial Group Inc. increased its stake in Booz Allen Hamilton by 26.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 600 shares of the business services provider's stock valued at $60,000 after buying an additional 124 shares during the period. Ipsen Advisor Group LLC increased its stake in Booz Allen Hamilton by 3.4% in the 3rd quarter. Ipsen Advisor Group LLC now owns 4,244 shares of the business services provider's stock valued at $424,000 after buying an additional 138 shares during the period. Finally, Colonial Trust Co SC raised its position in Booz Allen Hamilton by 6.1% during the 3rd quarter. Colonial Trust Co SC now owns 2,669 shares of the business services provider's stock worth $267,000 after buying an additional 154 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. DA Davidson set a $81.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. UBS Group restated a "neutral" rating and issued a $97.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Wells Fargo & Company assumed coverage on Booz Allen Hamilton in a report on Wednesday, April 1st. They issued an "equal weight" rating and a $85.00 price objective on the stock. Truist Financial dropped their target price 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. Finally, William Blair reissued an "outperform" rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $94.17.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $76.97 on Friday. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 4.44 and a beta of 0.32. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.81. The business's 50 day simple moving average is $79.29 and its 200-day simple moving average is $84.46. Booz Allen Hamilton Holding Corporation has a 12 month low of $73.93 and a 12 month high of $130.91.

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.

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