Sumitomo Mitsui DS Asset Management Company Ltd Trims Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,914 shares of the business services provider's stock after selling 13,953 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.09% of Booz Allen Hamilton worth $14,403,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC acquired a new stake in shares of Booz Allen Hamilton in the 4th quarter worth $1,900,000. Blue Trust Inc. grew its holdings in shares of Booz Allen Hamilton by 133.8% in the fourth quarter. Blue Trust Inc. now owns 6,566 shares of the business services provider's stock valued at $845,000 after purchasing an additional 3,758 shares during the period. Bartlett & CO. Wealth Management LLC increased its position in Booz Allen Hamilton by 1.6% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 539,589 shares of the business services provider's stock worth $69,445,000 after purchasing an additional 8,365 shares during the last quarter. DAVENPORT & Co LLC raised its stake in Booz Allen Hamilton by 45.6% during the fourth quarter. DAVENPORT & Co LLC now owns 49,798 shares of the business services provider's stock worth $6,405,000 after purchasing an additional 15,592 shares during the period. Finally, Cumberland Partners Ltd boosted its holdings in Booz Allen Hamilton by 39.5% in the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider's stock valued at $8,411,000 after purchasing an additional 14,620 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

BAH has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on 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. StockNews.com lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Raymond James raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research note on Monday, February 3rd. Cantor Fitzgerald assumed coverage on shares of Booz Allen Hamilton in a research report on Friday. They set an "overweight" rating and a $160.00 price objective for the company. Finally, The Goldman Sachs Group cut their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.91.

Booz Allen Hamilton Stock Down 3.0 %

NYSE:BAH traded down $3.80 during midday trading on Tuesday, reaching $124.30. The company had a trading volume of 2,234,225 shares, compared to its average volume of 1,996,060. Booz Allen Hamilton Holding Co. has a 12-month low of $121.02 and a 12-month high of $190.59. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.46 and a beta of 0.55. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 2.72. The stock's fifty day simple moving average is $133.11 and its 200-day simple moving average is $149.28.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.33 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a yield of 1.77%. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 30.40%.

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.