Booz Allen Hamilton Holding Corporation $BAH Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its Booz Allen holdings by 49.6% in Q4, selling 75,262 shares and remaining with 76,402 shares (~0.06% of the company) worth about $6.45 million.
• Institutional ownership remains very high at 91.82%, and several large funds — including Vanguard, AQR, Primecap, Victory and Two Sigma — significantly increased their stakes (Vanguard now holds ~13.72 million shares).
• Analyst sentiment is weak with a consensus rating of "Reduce" and an average price target of $94.17; the coverage mix is 1 Buy, 10 Hold and 4 Sell, with recent price targets ranging roughly from $81 to $115.

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 49.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,402 shares of the business services provider's stock after selling 75,262 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Booz Allen Hamilton worth $6,445,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BAH. AQR Capital Management LLC increased its stake in Booz Allen Hamilton by 48.6% in the third quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider's stock valued at $377,488,000 after purchasing an additional 1,246,451 shares during the period. Primecap Management Co. CA increased its stake in Booz Allen Hamilton by 56.6% in the 3rd quarter. Primecap Management Co. CA now owns 1,983,838 shares of the business services provider's stock valued at $198,285,000 after buying an additional 716,780 shares during the period. Victory Capital Management Inc. increased its stake in Booz Allen Hamilton by 1,269.7% in the 3rd quarter. Victory Capital Management Inc. now owns 665,152 shares of the business services provider's stock valued at $66,482,000 after buying an additional 616,591 shares during the period. Vanguard Group Inc. increased its stake in Booz Allen Hamilton by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,719,306 shares of the business services provider's stock valued at $1,371,245,000 after buying an additional 582,069 shares during the period. Finally, Two Sigma Investments LP increased its stake in Booz Allen Hamilton by 410.8% in the 3rd quarter. Two Sigma Investments LP now owns 720,230 shares of the business services provider's stock valued at $71,987,000 after buying an additional 579,222 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BAH. Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday, April 20th. Wells Fargo & Company began coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They issued an "equal weight" rating and a $85.00 price objective on the stock. UBS Group reissued a "neutral" rating and issued a $97.00 price objective on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Stifel Nicolaus boosted their price objective on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the company a "hold" rating in a research note on Monday, January 26th. Finally, DA Davidson set a $81.00 price objective on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of "Reduce" and an average price target of $94.17.

Booz Allen Hamilton Trading Up 0.7%

Shares of BAH stock opened at $78.34 on Friday. The business's fifty day moving average price is $79.25 and its 200 day moving average price is $84.99. Booz Allen Hamilton Holding Corporation has a 1-year low of $73.93 and a 1-year high of $130.91. The firm has a market capitalization of $9.45 billion, a PE ratio of 11.64, a P/E/G ratio of 4.52 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.

Booz Allen Hamilton Profile

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.

Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.