Principal Financial Group Inc. Increases Position in Booz Allen Hamilton Holding Corporation $BAH

Principal Financial Group Inc. lifted its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271,251 shares of the business services provider’s stock after acquiring an additional 11,254 shares during the period. Principal Financial Group Inc.’s holdings in Booz Allen Hamilton were worth $21,166,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. boosted its position in Booz Allen Hamilton by 26.1% during the third quarter. Johnson Financial Group Inc. now owns 600 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 124 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Booz Allen Hamilton by 2.8% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 4,916 shares of the business services provider’s stock worth $415,000 after purchasing an additional 133 shares in the last quarter. Activest Wealth Management raised its holdings in Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock worth $26,000 after purchasing an additional 178 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Booz Allen Hamilton by 7.3% during the fourth quarter. Arkadios Wealth Advisors now owns 2,646 shares of the business services provider’s stock valued at $223,000 after buying an additional 179 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its position in shares of Booz Allen Hamilton by 6.2% during the second quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider’s stock valued at $339,000 after buying an additional 191 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $63.94 on Wednesday. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $59.50 and a fifty-two week high of $120.04. The company has a market cap of $7.66 billion, a PE ratio of 9.28, a P/E/G ratio of 3.64 and a beta of 0.36. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.78 and a current ratio of 1.78. The business has a 50-day simple moving average of $70.63 and a two-hundred day simple moving average of $78.59.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.46. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, equities analysts expect that Booz Allen Hamilton Holding Corporation will post 6.31 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.59 per share. The ex-dividend date was Wednesday, June 10th. This represents a $2.36 dividend on an annualized basis and a yield of 3.7%. Booz Allen Hamilton’s dividend payout ratio is presently 34.25%.

Analyst Upgrades and Downgrades

BAH has been the topic of a number of analyst reports. Wells Fargo & Company started coverage on shares of Booz Allen Hamilton in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price objective on the stock. The Goldman Sachs Group reduced their price objective on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating for the company in a research note on Tuesday, July 14th. TD Cowen lowered their target price on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. JPMorgan Chase & Co. cut their price target on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, May 26th. Finally, Citigroup reduced their price target on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $79.83.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.