Sumitomo Mitsui Trust Group Inc. Buys 8,301 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 267,182 shares of the business services provider’s stock after acquiring an additional 8,301 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Booz Allen Hamilton were worth $34,386,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Booz Allen Hamilton by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after acquiring an additional 58,038 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Booz Allen Hamilton by 28.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of Booz Allen Hamilton by 3.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after purchasing an additional 32,897 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Booz Allen Hamilton by 1.1% in the 3rd quarter. Captrust Financial Advisors now owns 856,437 shares of the business services provider’s stock valued at $139,394,000 after purchasing an additional 9,480 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Booz Allen Hamilton by 30.2% in the 3rd quarter. Janus Henderson Group PLC now owns 631,703 shares of the business services provider’s stock valued at $102,809,000 after purchasing an additional 146,420 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BAH. JPMorgan Chase & Co. decreased their price target on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. UBS Group began coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target on the stock. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price target for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Wells Fargo & Company cut their price objective on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and an average price target of $158.91.

Booz Allen Hamilton Stock Down 3.0 %

Shares of BAH opened at $124.30 on Wednesday. The company has a market capitalization of $15.74 billion, a PE ratio of 18.53, a PEG ratio of 1.46 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a 12 month low of $121.02 and a 12 month high of $190.59. The stock’s 50-day moving average price is $133.11 and its two-hundred day moving average price is $149.28. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. On average, analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.33 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 1.77%. Booz Allen Hamilton’s payout ratio is presently 30.40%.

Booz Allen Hamilton 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.