Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,027,497 shares of the business services provider’s stock after selling 29,881 shares during the quarter. Truist Financial Corp owned 0.79% of Booz Allen Hamilton worth $158,132,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BAH. Steward Partners Investment Advisory LLC raised its position in Booz Allen Hamilton by 5.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,215 shares of the business services provider’s stock worth $283,000 after acquiring an additional 110 shares during the period. TD Asset Management Inc raised its position in shares of Booz Allen Hamilton by 11.8% during the 4th quarter. TD Asset Management Inc now owns 158,299 shares of the business services provider’s stock worth $20,248,000 after purchasing an additional 16,764 shares during the last quarter. Stifel Financial Corp lifted its stake in Booz Allen Hamilton by 16.6% in the 4th quarter. Stifel Financial Corp now owns 99,297 shares of the business services provider’s stock valued at $12,702,000 after buying an additional 14,131 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Booz Allen Hamilton by 31.5% in the 4th quarter. Allianz Asset Management GmbH now owns 33,334 shares of the business services provider’s stock worth $4,264,000 after buying an additional 7,985 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Booz Allen Hamilton by 1.4% during the 4th quarter. California State Teachers Retirement System now owns 213,082 shares of the business services provider’s stock worth $27,255,000 after buying an additional 3,036 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the transaction, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays decreased their target price on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. Truist Financial lifted their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. StockNews.com downgraded shares of Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. Finally, TD Cowen dropped their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $159.33.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $162.81 on Tuesday. The firm’s 50-day moving average is $152.52 and its two-hundred day moving average is $151.32. Booz Allen Hamilton Holding Co. has a 12 month low of $109.83 and a 12 month high of $164.43. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $21.05 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 2.30 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. Analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.51 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a yield of 1.25%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 44.35%.

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.