Sumitomo Mitsui Trust Group Inc. Boosts Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Sumitomo Mitsui Trust Group Inc. boosted its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,569 shares of the business services provider's stock after purchasing an additional 2,387 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Booz Allen Hamilton worth $28,192,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Booz Allen Hamilton by 12.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock worth $581,516,000 after acquiring an additional 501,725 shares during the period. First Trust Advisors LP increased its stake in Booz Allen Hamilton by 15.3% in the fourth quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock valued at $360,957,000 after purchasing an additional 371,390 shares during the period. Janus Henderson Group PLC raised its stake in shares of Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after purchasing an additional 1,135,426 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Booz Allen Hamilton by 15.3% in the 1st quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider's stock worth $178,853,000 after acquiring an additional 226,761 shares during the period. Finally, Bank of America Corp DE increased its position in Booz Allen Hamilton by 61.4% during the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after purchasing an additional 590,655 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Up 0.9%

Shares of NYSE BAH opened at $108.23 on Thursday. The company has a market cap of $13.44 billion, a PE ratio of 14.93, a P/E/G ratio of 1.67 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 1-year low of $98.95 and a 1-year high of $190.59. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90. The company has a 50-day moving average of $111.97 and a two-hundred day moving average of $117.34.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. Booz Allen Hamilton's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 EPS. As a group, equities analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.55 per share. The ex-dividend date was Wednesday, June 11th. This represents a $2.20 annualized dividend and a dividend yield of 2.03%. Booz Allen Hamilton's dividend payout ratio is presently 30.34%.

Wall Street Analyst Weigh In

BAH has been the subject of a number of recent research reports. UBS Group lifted their price objective on Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Barclays reduced their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 28th. JPMorgan Chase & Co. reduced their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Finally, Stifel Nicolaus initiated coverage on shares of Booz Allen Hamilton in a report on Tuesday, June 24th. They issued a "hold" rating and a $112.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $134.64.

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.

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