Comerica Bank Has $2.90 Million Stock Holdings in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Comerica Bank increased its stake in Booz Allen by 267.3% in Q4, buying 25,013 shares to hold 34,370 shares valued at about $2.90 million.
• Institutional ownership is very high at 91.82%, showing the stock is predominantly held by institutions and hedge funds.
• Analyst sentiment is cautious: the stock's average rating is "Reduce" with an average target price of $94.17 (1 Buy, 10 Hold, 4 Sell).

Comerica Bank lifted its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 267.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,370 shares of the business services provider's stock after buying an additional 25,013 shares during the period. Comerica Bank's holdings in Booz Allen Hamilton were worth $2,899,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. boosted its stake in shares of Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider's stock worth $26,000 after buying an additional 199 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth about $27,000. Cornerstone Planning Group LLC boosted its stake in shares of Booz Allen Hamilton by 244.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider's stock worth $29,000 after buying an additional 205 shares during the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Booz Allen Hamilton during the 3rd quarter worth about $32,000. Finally, Eastern Bank acquired a new stake in Booz Allen Hamilton in the 3rd quarter valued at about $35,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Down 0.7%

Shares of BAH stock opened at $77.76 on Tuesday. The firm has a 50 day moving average price of $79.25 and a two-hundred day moving average price of $84.89. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The company has a market capitalization of $9.38 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 4.52 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a 12-month low of $73.93 and a 12-month high of $130.91.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BAH. UBS Group reiterated a "neutral" rating and issued a $97.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Weiss Ratings downgraded shares of Booz Allen Hamilton from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, April 24th. William Blair reiterated an "outperform" rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. 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 target price for the company. Finally, Truist Financial cut their target price on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a "hold" rating for the company in a research note on Monday, April 20th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $94.17.

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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