Swiss National Bank Sells Booz Allen Shares Amid Quarter's Earnings Beat

The Swiss National Bank sold 90,285 shares of Booz Allen Hamilton Holding Corporation's stock during the first quarter, reducing its holdings by 27.3%. This disclosure was made to the Securities & Exchange Commission in a recent filing.

As of the most recent SEC filing, the firm owned 240,100 shares of Booz Allen Hamilton's stock, which is worth around $18,735,000 and accounts for 0.20% of the company's outstanding shares.

The divestment by the Swiss National Bank was not an isolated incident, as other large investors have also made changes to their holdings in Booz Allen Hamilton. For instance, Rakuten Securities Inc. increased its stake in the company by 414.6% during the second quarter and now owns 247 shares worth $26,000.

The institutional ownership of Booz Allen Hamilton's stock is significant, with 91.82% of the company's shares being held by institutional investors and hedge funds.