Suntrust Banks Inc. Has $3.72 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Suntrust Banks Inc. grew its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,445 shares of the business services provider’s stock after purchasing an additional 3,449 shares during the quarter. Suntrust Banks Inc. owned approximately 0.06% of Booz Allen Hamilton worth $3,716,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Booz Allen Hamilton by 9.1% during the fourth quarter. Geode Capital Management LLC now owns 1,481,657 shares of the business services provider’s stock worth $66,778,000 after buying an additional 123,410 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Booz Allen Hamilton by 34.2% during the third quarter. Janus Henderson Group PLC now owns 254,800 shares of the business services provider’s stock worth $12,646,000 after buying an additional 65,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Booz Allen Hamilton by 13.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 17,594 shares of the business services provider’s stock worth $793,000 after buying an additional 2,027 shares in the last quarter. Bank of America Corp DE grew its holdings in Booz Allen Hamilton by 7.3% during the fourth quarter. Bank of America Corp DE now owns 1,116,793 shares of the business services provider’s stock worth $50,335,000 after buying an additional 76,187 shares in the last quarter. Finally, Bailard Inc. grew its holdings in Booz Allen Hamilton by 8.5% during the fourth quarter. Bailard Inc. now owns 57,065 shares of the business services provider’s stock worth $2,572,000 after buying an additional 4,465 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on BAH. Zacks Investment Research downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Monday, January 7th. ValuEngine upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Friday, January 4th. Finally, Wells Fargo & Co set a $58.00 price target on Booz Allen Hamilton and gave the stock a “buy” rating in a report on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Booz Allen Hamilton has a consensus rating of “Hold” and an average target price of $53.63.

BAH stock traded down $0.24 during midday trading on Monday, hitting $58.33. The company’s stock had a trading volume of 713,390 shares, compared to its average volume of 1,102,533. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.54. Booz Allen Hamilton Holding Co. has a 1 year low of $38.46 and a 1 year high of $58.77. The stock has a market cap of $8.20 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.35 and a beta of 1.08.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, February 1st. The business services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Booz Allen Hamilton had a return on equity of 61.40% and a net margin of 6.31%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, analysts forecast that Booz Allen Hamilton Holding Co. will post 2.72 earnings per share for the current fiscal year.

In related news, EVP Nancy Laben sold 15,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $55.02, for a total transaction of $825,300.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Horacio Rozanski sold 45,000 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $49.00, for a total value of $2,205,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 98,625 shares of company stock worth $5,106,885 in the last ninety days. Insiders own 3.56% of the company’s stock.

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About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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