Principal Financial Group Inc. Buys 859 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Principal Financial Group Inc. increased its stake in Booz Allen Hamilton Holding Co. (NYSE:BAHFree Report) by 2.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 38,129 shares of the business services provider’s stock after acquiring an additional 859 shares during the period. Principal Financial Group Inc.’s holdings in Booz Allen Hamilton were worth $4,166,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Janiczek Wealth Management LLC bought a new position in Booz Allen Hamilton in the third quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in Booz Allen Hamilton in the second quarter worth $29,000. DHJJ Financial Advisors Ltd. purchased a new position in Booz Allen Hamilton in the third quarter worth $34,000. First Horizon Advisors Inc. grew its holdings in Booz Allen Hamilton by 29.2% in the first quarter. First Horizon Advisors Inc. now owns 686 shares of the business services provider’s stock worth $64,000 after purchasing an additional 155 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in Booz Allen Hamilton in the first quarter worth $65,000. Institutional investors own 90.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Wells Fargo & Company lifted their price target on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Barclays lowered shares of Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a report on Friday, January 5th. Stifel Nicolaus boosted their price objective on shares of Booz Allen Hamilton from $127.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $139.56.

View Our Latest Research Report on Booz Allen Hamilton

Insider Transactions at Booz Allen Hamilton

In other news, COO Kristine Anderson sold 5,068 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $139.88, for a total transaction of $708,911.84. Following the sale, the chief operating officer now directly owns 71,656 shares of the company’s stock, valued at approximately $10,023,241.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.76% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $143.66 on Thursday. The business’s 50-day moving average is $130.01 and its two-hundred day moving average is $122.98. The company has a market capitalization of $18.64 billion, a P/E ratio of 46.34, a P/E/G ratio of 2.18 and a beta of 0.54. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.68 and a current ratio of 1.68. Booz Allen Hamilton Holding Co. has a fifty-two week low of $87.99 and a fifty-two week high of $147.52.

Booz Allen Hamilton (NYSE:BAHGet Free Report) last announced its quarterly earnings results on Friday, January 26th. The business services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.28. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.54 billion. Booz Allen Hamilton had a return on equity of 65.31% and a net margin of 3.96%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. Research analysts predict that Booz Allen Hamilton Holding Co. will post 5.41 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 Friday, March 1st. Stockholders of record on Monday, February 12th will be paid a dividend of $0.51 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.47. This represents a $2.04 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, February 9th. Booz Allen Hamilton’s dividend payout ratio is presently 65.81%.

About Booz Allen Hamilton

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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