Sumitomo Mitsui Trust Group Inc. Sells 23,691 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 8.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 258,881 shares of the business services provider's stock after selling 23,691 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.20% of Booz Allen Hamilton worth $42,135,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. lifted its stake in Booz Allen Hamilton by 29.8% during the first quarter. QRG Capital Management Inc. now owns 2,994 shares of the business services provider's stock worth $444,000 after purchasing an additional 688 shares during the period. Avantax Advisory Services Inc. lifted its holdings in Booz Allen Hamilton by 5.6% in the first quarter. Avantax Advisory Services Inc. now owns 4,081 shares of the business services provider's stock valued at $606,000 after buying an additional 216 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Booz Allen Hamilton during the first quarter worth $439,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Booz Allen Hamilton by 17.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 69,575 shares of the business services provider's stock valued at $10,328,000 after acquiring an additional 10,206 shares during the last quarter. Finally, Twin Tree Management LP acquired a new stake in Booz Allen Hamilton in the first quarter worth $218,000. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock traded down $4.65 on Friday, reaching $149.39. 3,898,280 shares of the stock were exchanged, compared to its average volume of 758,102. The firm's 50 day moving average is $165.64 and its 200-day moving average is $156.96. The firm has a market cap of $19.09 billion, a PE ratio of 23.45, a P/E/G ratio of 2.06 and a beta of 0.58. 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 one year low of $123.17 and a one year high of $190.59.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton's payout ratio is 32.03%.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the transaction, the chief financial officer now owns 29,618 shares of the company's stock, valued at $4,886,970. This represents a 12.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by insiders.

Analyst Ratings Changes

BAH has been the subject of several research analyst reports. StockNews.com cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and upped their price objective for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and raised their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Barclays increased their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an "underweight" rating in a research report on Tuesday, October 29th. Finally, Truist Financial upped their price objective on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a "hold" rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Booz Allen Hamilton has a consensus rating of "Hold" and a consensus target price of $180.63.

About Booz Allen Hamilton

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.