Sumitomo Mitsui Trust Group Inc. Increases Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sumitomo Mitsui Trust Group Inc. increased its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 267,182 shares of the business services provider's stock after acquiring an additional 8,301 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Booz Allen Hamilton worth $34,386,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BAH. Westfield Capital Management Co. LP purchased a new stake in Booz Allen Hamilton in the third quarter worth about $48,349,000. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Booz Allen Hamilton by 28.5% during the third 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 buying an additional 285,621 shares during the last quarter. FMR LLC lifted its position in shares of Booz Allen Hamilton by 111.6% during the third quarter. FMR LLC now owns 356,828 shares of the business services provider's stock valued at $58,077,000 after buying an additional 188,185 shares during the last quarter. KBC Group NV lifted its position in shares of Booz Allen Hamilton by 1,207.8% during the fourth quarter. KBC Group NV now owns 189,899 shares of the business services provider's stock valued at $24,440,000 after buying an additional 175,378 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Booz Allen Hamilton by 34.8% during the third quarter. Van ECK Associates Corp now owns 627,446 shares of the business services provider's stock valued at $102,437,000 after buying an additional 162,083 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Performance

NYSE:BAH traded down $0.20 during midday trading on Friday, hitting $117.68. The company's stock had a trading volume of 1,694,501 shares, compared to its average volume of 1,996,057. Booz Allen Hamilton Holding Co. has a fifty-two week low of $115.97 and a fifty-two week high of $190.59. The firm's 50 day moving average is $131.60 and its 200-day moving average is $148.75. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.56. The firm has a market cap of $14.90 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.46 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Equities 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio is currently 32.79%.

Analysts Set New Price Targets

Several analysts have commented on BAH shares. StockNews.com lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. TD Cowen decreased their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target for the company in a research report on Monday, January 6th. Cantor Fitzgerald started coverage on shares of Booz Allen Hamilton in a report on Friday, February 7th. They set an "overweight" rating and a $160.00 price objective on the stock. Finally, Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and upped their price objective for the company from $180.00 to $190.00 in a report on Monday, November 4th. 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.91.

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.