Truist Financial Corp Sells 245,949 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Truist Financial Corp reduced its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,131,761 shares of the business services provider's stock after selling 245,949 shares during the quarter. Truist Financial Corp owned 0.87% of Booz Allen Hamilton worth $144,764,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC increased its position in Booz Allen Hamilton by 75.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider's stock valued at $30,000 after acquiring an additional 118 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at $31,000. BKM Wealth Management LLC acquired a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $40,000. First Financial Corp IN increased its position in shares of Booz Allen Hamilton by 21.3% during the 4th quarter. First Financial Corp IN now owns 472 shares of the business services provider's stock valued at $60,000 after purchasing an additional 83 shares during the period. Finally, Altshuler Shaham Ltd acquired a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at $53,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Down 0.1 %

Shares of Booz Allen Hamilton stock traded down $0.14 during midday trading on Friday, hitting $145.13. The company's stock had a trading volume of 405,627 shares, compared to its average volume of 512,324. The firm has a market capitalization of $18.83 billion, a P/E ratio of 46.82, a PEG ratio of 1.96 and a beta of 0.53. The stock has a 50-day simple moving average of $145.98 and a 200-day simple moving average of $134.95. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. Booz Allen Hamilton Holding Co. has a 1-year low of $89.80 and a 1-year high of $150.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, January 26th. The business services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.13 by $0.28. The business had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.54 billion. Booz Allen Hamilton had a return on equity of 65.31% and a net margin of 3.96%. Booz Allen Hamilton's revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. As a group, sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 5.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

BAH has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on Booz Allen Hamilton from $141.00 to $158.00 and gave the company a "buy" rating in a research report on Monday, January 29th. Jefferies Financial Group lifted their price target on Booz Allen Hamilton from $150.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their target price on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, February 6th. Truist Financial lifted their target price on Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a "hold" rating in a report on Monday, January 29th. Finally, Wells Fargo & Company lifted their target price on Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $145.11.

Insider Transactions at Booz Allen Hamilton

In related news, CEO Horacio Rozanski sold 49,000 shares of Booz Allen Hamilton stock in a transaction on Friday, February 9th. The stock was sold at an average price of $145.69, for a total transaction of $7,138,810.00. Following the completion of the sale, the chief executive officer now owns 557,411 shares of the company's stock, valued at $81,209,208.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Horacio Rozanski sold 49,000 shares of the business's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $145.69, for a total transaction of $7,138,810.00. Following the transaction, the chief executive officer now directly owns 557,411 shares in the company, valued at $81,209,208.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Calderone sold 1,500 shares of the business's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the transaction, the chief financial officer now owns 25,462 shares in the company, valued at $3,730,437.62. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.