Principal Financial Group Inc. Has $2.87 Million Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Principal Financial Group Inc. trimmed its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,435 shares of the business services provider’s stock after selling 2,349 shares during the quarter. Principal Financial Group Inc.’s holdings in Booz Allen Hamilton were worth $2,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of BAH. Norges Bank purchased a new position in Booz Allen Hamilton during the 4th quarter worth $196,578,000. Janus Henderson Group PLC boosted its holdings in Booz Allen Hamilton by 179.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock worth $227,425,000 after acquiring an additional 1,135,426 shares during the last quarter. Man Group plc boosted its holdings in shares of Booz Allen Hamilton by 2,293.2% in the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider’s stock worth $145,224,000 after buying an additional 1,081,239 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Booz Allen Hamilton by 61.4% in 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 buying an additional 590,655 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Booz Allen Hamilton by 1,111.3% in the 4th quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider’s stock worth $78,094,000 after buying an additional 556,700 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on BAH. JPMorgan Chase & Co. cut their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus began coverage on shares of Booz Allen Hamilton in a report on Tuesday, June 24th. They issued a “hold” rating and a $112.00 price target on the stock. Truist Financial cut their price target on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Barclays cut their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 28th. Finally, Wells Fargo & Company cut their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Hold” and an average price target of $134.64.

Booz Allen Hamilton Stock Up 0.4%

Shares of BAH opened at $109.27 on Friday. The firm has a market cap of $13.57 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.70 and a beta of 0.48. The stock has a 50 day simple moving average of $108.80 and a two-hundred day simple moving average of $115.41. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. Booz Allen Hamilton’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.33 earnings per share. On average, analysts forecast 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 announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton’s dividend payout ratio is currently 30.34%.

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.