Fifth Third Bancorp Reduces Holdings in Booz Allen Hamilton Holding Corporation $BAH

Fifth Third Bancorp lowered its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 96.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,824 shares of the business services provider’s stock after selling 47,491 shares during the quarter. Fifth Third Bancorp’s holdings in Booz Allen Hamilton were worth $154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BAH. Mediolanum International Funds Ltd increased its position in Booz Allen Hamilton by 28.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 73,404 shares of the business services provider’s stock worth $7,259,000 after purchasing an additional 16,304 shares in the last quarter. Primecap Management Co. CA lifted its holdings in Booz Allen Hamilton by 56.6% in the 3rd quarter. Primecap Management Co. CA now owns 1,983,838 shares of the business services provider’s stock valued at $198,285,000 after purchasing an additional 716,780 shares in the last quarter. Sage Rhino Capital LLC purchased a new position in Booz Allen Hamilton in the 3rd quarter valued at about $997,000. Citigroup Inc. boosted its stake in shares of Booz Allen Hamilton by 413.4% during the 3rd quarter. Citigroup Inc. now owns 389,301 shares of the business services provider’s stock worth $38,911,000 after purchasing an additional 313,472 shares during the last quarter. Finally, Midwest Trust Co boosted its stake in shares of Booz Allen Hamilton by 13.4% during the 3rd quarter. Midwest Trust Co now owns 119,587 shares of the business services provider’s stock worth $11,953,000 after purchasing an additional 14,134 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $76.97 on Friday. 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 cap of $9.28 billion, a P/E ratio of 11.44, a P/E/G ratio of 4.44 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $73.93 and a fifty-two week high of $130.91. The firm’s 50 day moving average is $79.29 and its two-hundred day moving average is $84.46.

Wall Street Analysts Forecast Growth

BAH has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. UBS Group restated a “neutral” rating and set a $97.00 target price on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Weiss Ratings cut shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. DA Davidson set a $81.00 price target on Booz Allen Hamilton in a report on Tuesday, January 27th. Finally, Truist Financial reduced their price target on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $94.17.

Booz Allen Hamilton Profile

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.