Principal Financial Group Inc. Sells 453 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Principal Financial Group Inc. reduced its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,854 shares of the business services provider’s stock after selling 453 shares during the period. Principal Financial Group Inc.’s holdings in Booz Allen Hamilton were worth $5,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Booz Allen Hamilton by 4.2% in the third quarter. Morgan Stanley now owns 4,924,570 shares of the business services provider’s stock worth $538,108,000 after buying an additional 199,449 shares during the last quarter. WCM Investment Management LLC grew its stake in shares of Booz Allen Hamilton by 0.5% during the 1st quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock worth $631,192,000 after purchasing an additional 22,708 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Booz Allen Hamilton by 30.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock valued at $324,341,000 after purchasing an additional 686,318 shares in the last quarter. Norges Bank acquired a new position in shares of Booz Allen Hamilton in the 4th quarter valued at $188,129,000. Finally, American Century Companies Inc. boosted its holdings in Booz Allen Hamilton by 4.8% during the third quarter. American Century Companies Inc. now owns 1,348,176 shares of the business services provider’s stock worth $147,315,000 after buying an additional 62,357 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BAH shares. Truist Financial boosted their price objective on Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday, May 28th. Jefferies Financial Group boosted their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Stifel Nicolaus raised their price objective on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Barclays increased their target price on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the company an “underweight” rating in a research report on Wednesday, May 29th. Finally, TD Cowen boosted their price target on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and a consensus price target of $159.78.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 332 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the transaction, the chief financial officer now owns 23,438 shares in the company, valued at $3,612,967.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total transaction of $152,871.76. Following the completion of the sale, the executive vice president now directly owns 29,739 shares of the company’s stock, valued at approximately $4,519,138.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 332 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the transaction, the chief financial officer now directly owns 23,438 shares in the company, valued at approximately $3,612,967.70. The disclosure for this sale can be found here. Insiders have sold 58,255 shares of company stock worth $8,970,026 over the last three months. Insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Trading Down 0.8 %

Shares of NYSE:BAH traded down $1.20 during mid-day trading on Friday, reaching $153.31. 82,348 shares of the company were exchanged, compared to its average volume of 656,668. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62. The firm’s 50-day simple moving average is $152.54 and its 200 day simple moving average is $144.27. Booz Allen Hamilton Holding Co. has a 1 year low of $106.90 and a 1 year high of $164.43. The firm has a market cap of $19.83 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 1.83 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the business earned $1.01 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.04 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were paid a dividend of $0.51 per share. The ex-dividend date was Thursday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.33%. Booz Allen Hamilton’s payout ratio is currently 44.35%.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.