Truist Financial Corp Sells 20,379 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Truist Financial Corp lessened its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 340,216 shares of the business services provider’s stock after selling 20,379 shares during the quarter. Truist Financial Corp’s holdings in Booz Allen Hamilton were worth $43,786,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in Booz Allen Hamilton in the third quarter worth about $31,000. Bogart Wealth LLC raised its position in Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock worth $25,000 after purchasing an additional 155 shares in the last quarter. R Squared Ltd acquired a new position in Booz Allen Hamilton in the fourth quarter worth about $31,000. Roxbury Financial LLC acquired a new position in Booz Allen Hamilton in the fourth quarter worth about $35,000. Finally, Berbice Capital Management LLC acquired a new position in Booz Allen Hamilton in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock opened at $119.18 on Wednesday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.56. The firm has a market cap of $15.09 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.46 and a beta of 0.55. The firm has a 50 day simple moving average of $131.14 and a 200 day simple moving average of $148.61. Booz Allen Hamilton Holding Co. has a fifty-two week low of $115.67 and a fifty-two week high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 6.33 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is currently 30.40%.

Analyst Ratings Changes

Several research firms recently issued reports on BAH. TD Cowen dropped their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group dropped their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a report on Monday, January 6th. Wells Fargo & Company dropped their price objective on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Cantor Fitzgerald started coverage on shares of Booz Allen Hamilton in a report on Friday, February 7th. They set an “overweight” rating and a $160.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and an average price target of $158.91.

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