Fifth Third Bancorp Has $3.04 Million Position in Booz Allen Hamilton Holding Corporation $BAH

Fifth Third Bancorp grew its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 2,033.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,916 shares of the business services provider’s stock after purchasing an additional 37,092 shares during the quarter. Fifth Third Bancorp’s holdings in Booz Allen Hamilton were worth $3,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at approximately $45,327,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Booz Allen Hamilton by 15.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,890 shares of the business services provider’s stock worth $10,941,000 after purchasing an additional 17,686 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Booz Allen Hamilton in the fourth quarter valued at $3,121,000. Legal & General Group Plc increased its stake in Booz Allen Hamilton by 9.9% in the 4th quarter. Legal & General Group Plc now owns 537,400 shares of the business services provider’s stock valued at $45,335,000 after buying an additional 48,457 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Booz Allen Hamilton by 8.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 287,922 shares of the business services provider’s stock valued at $24,289,000 after buying an additional 22,105 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. The Goldman Sachs Group reduced their price target on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating for the company in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lowered their price target on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 26th. Bank of America cut their price objective on Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating for the company in a report on Monday. UBS Group restated a “neutral” rating and set a $83.00 target price on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Finally, Wells Fargo & Company started coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective on the stock. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Reduce” and an average price target of $79.83.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH opened at $64.34 on Tuesday. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.78 and a quick ratio of 1.78. The stock’s fifty day moving average price is $70.86 and its two-hundred day moving average price is $78.73. Booz Allen Hamilton Holding Corporation has a one year low of $59.50 and a one year high of $120.04. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 3.70 and a beta of 0.36.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, equities analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.27 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Wednesday, June 10th. Booz Allen Hamilton’s payout ratio is currently 34.25%.

Booz Allen Hamilton Company 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.