Principal Financial Group Inc. Has $4.77 Million Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Principal Financial Group Inc. lowered its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAHFree Report) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,307 shares of the business services provider’s stock after selling 822 shares during the period. Principal Financial Group Inc.’s holdings in Booz Allen Hamilton were worth $4,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley raised its holdings in shares of Booz Allen Hamilton by 4.2% in the 3rd quarter. Morgan Stanley now owns 4,924,570 shares of the business services provider’s stock worth $538,108,000 after acquiring an additional 199,449 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Booz Allen Hamilton by 19.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock worth $497,084,000 after acquiring an additional 736,404 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of Booz Allen Hamilton by 0.9% in the 4th quarter. WCM Investment Management LLC now owns 4,229,460 shares of the business services provider’s stock worth $537,776,000 after acquiring an additional 39,528 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Booz Allen Hamilton by 30.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock worth $324,341,000 after acquiring an additional 686,318 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Booz Allen Hamilton by 64.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,992,096 shares of the business services provider’s stock worth $217,676,000 after acquiring an additional 778,437 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Down 1.7 %

Booz Allen Hamilton stock opened at $151.74 on Friday. Booz Allen Hamilton Holding Co. has a twelve month low of $96.10 and a twelve month high of $164.43. The firm has a 50 day moving average price of $148.44 and a 200-day moving average price of $139.65. The company has a market capitalization of $19.62 billion, a P/E ratio of 32.99, a P/E/G ratio of 1.89 and a beta of 0.53. The company has a quick ratio of 1.68, a current ratio of 1.62 and a debt-to-equity ratio of 3.20.

Booz Allen Hamilton (NYSE:BAHGet Free Report) last released its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, beating 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 firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the firm earned $1.01 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts predict that Booz Allen Hamilton Holding Co. will post 5.99 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, June 13th. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Insider Buying and Selling

In related news, EVP Richard Crowe sold 180 shares of Booz Allen Hamilton 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 $27,747.00. Following the completion of the transaction, the executive vice president now directly owns 17,486 shares in the company, valued at approximately $2,695,466.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Matthew Calderone sold 1,500 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the completion of the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at approximately $3,730,437.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Crowe sold 180 shares of Booz Allen Hamilton stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $27,747.00. Following the completion of the transaction, the executive vice president now owns 17,486 shares of the company’s stock, valued at $2,695,466.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,227 shares of company stock valued at $6,189,532. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

BAH has been the topic of a number of analyst reports. Barclays upped their target price on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an “underweight” rating in a report on Wednesday. Truist Financial upped their price objective on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday. TD Cowen upped their price objective 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. Stifel Nicolaus upped their price objective on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Hold” and a consensus price target of $159.78.

Get Our Latest Report on BAH

Booz Allen Hamilton Company Profile

(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.

See Also

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

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