Fifth Third Bancorp Has $5.31 Million Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Fifth Third Bancorp lessened its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 41,272 shares of the business services provider’s stock after selling 2,375 shares during the quarter. Fifth Third Bancorp’s holdings in Booz Allen Hamilton were worth $5,312,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its stake in shares of Booz Allen Hamilton by 3.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 59 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Booz Allen Hamilton by 13.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 79 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in Booz Allen Hamilton by 5.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider’s stock worth $271,000 after acquiring an additional 86 shares during the period. AIA Group Ltd lifted its stake in shares of Booz Allen Hamilton by 0.9% in the 3rd quarter. AIA Group Ltd now owns 11,600 shares of the business services provider’s stock valued at $1,888,000 after purchasing an additional 100 shares during the period. Finally, Strategic Blueprint LLC boosted its position in shares of Booz Allen Hamilton by 7.6% during the 3rd quarter. Strategic Blueprint LLC now owns 1,647 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BAH. Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. UBS Group assumed coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target for the company. 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 on the stock in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton presently has an average rating of “Hold” and an average target price of $161.78.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $133.45 on Monday. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.72 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. Booz Allen Hamilton Holding Co. has a fifty-two week low of $127.09 and a fifty-two week high of $190.59. The firm’s 50-day simple moving average is $137.22 and its 200 day simple moving average is $151.50.

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.