Truist Financial Corp Has $43.73 Million Stock Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Truist Financial Corp lifted its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 22.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 418,124 shares of the business services provider's stock after purchasing an additional 77,908 shares during the period. Truist Financial Corp owned 0.33% of Booz Allen Hamilton worth $43,727,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BAH. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB boosted its stake in Booz Allen Hamilton by 74.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after acquiring an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after acquiring an additional 134 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Booz Allen Hamilton in the fourth quarter valued at approximately $33,000. Finally, Versant Capital Management Inc boosted its position in shares of Booz Allen Hamilton by 627.3% during the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock worth $33,000 after purchasing an additional 276 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BAH. Wells Fargo & Company reduced their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. reduced their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. Stifel Nicolaus began coverage on shares of Booz Allen Hamilton in a research report on Tuesday, June 24th. They set a "hold" rating and a $112.00 price target on the stock. Barclays reduced their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 28th. Finally, Truist Financial cut their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $134.64.

Booz Allen Hamilton Stock Down 2.0%

NYSE:BAH traded down $2.25 on Tuesday, hitting $108.19. 303,318 shares of the company's stock were exchanged, compared to its average volume of 2,385,470. The firm has a 50-day moving average price of $111.34 and a 200-day moving average price of $116.62. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79. Booz Allen Hamilton Holding Corporation has a 52 week low of $98.95 and a 52 week high of $190.59. The company has a market cap of $13.44 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.70 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The firm had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the previous year, the firm posted $1.33 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.20 annualized dividend and a yield of 2.03%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 30.34%.

Booz Allen Hamilton Company 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.