Sumitomo Mitsui Trust Group Inc. Has $34.39 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,182 shares of the business services provider’s stock after buying an additional 8,301 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Booz Allen Hamilton worth $34,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton during the third quarter worth about $31,000. R Squared Ltd acquired a new position in Booz Allen Hamilton during the fourth quarter valued at approximately $31,000. Gilliland Jeter Wealth Management LLC acquired a new position in Booz Allen Hamilton during the third quarter valued at approximately $45,000. Berbice Capital Management LLC acquired a new position in Booz Allen Hamilton during the fourth quarter valued at approximately $39,000. Finally, Kennebec Savings Bank acquired a new position in Booz Allen Hamilton during the third quarter valued at approximately $60,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $124.30 on Wednesday. The firm has a market cap of $15.74 billion, a P/E ratio of 18.53, a price-to-earnings-growth 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. Booz Allen Hamilton Holding Co. has a 1-year low of $121.02 and a 1-year high of $190.59. The business’s 50 day moving average is $133.11 and its 200-day moving average is $149.28.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share 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%. Equities research analysts predict that Booz Allen Hamilton Holding Co. will post 6.33 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on BAH. Truist Financial reduced their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. Barclays raised 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. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Monday, February 3rd. UBS Group started coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.91.

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.