Principal Financial Group Inc. Cuts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Principal Financial Group Inc. reduced its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 0.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,923 shares of the business services provider’s stock after selling 129 shares during the quarter. Principal Financial Group Inc.’s holdings in Booz Allen Hamilton were worth $5,847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd increased its holdings in Booz Allen Hamilton by 150.8% in the 1st quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock worth $46,000 after buying an additional 184 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Booz Allen Hamilton during the 1st quarter valued at about $306,000. UniSuper Management Pty Ltd increased its position in shares of Booz Allen Hamilton by 111.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 1,000 shares during the last quarter. Natixis bought a new position in Booz Allen Hamilton in the 1st quarter worth $893,000. Finally, Crewe Advisors LLC bought a new position in shares of Booz Allen Hamilton during the 1st quarter valued at approximately $35,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Up 4.6 %

Shares of NYSE BAH opened at $144.21 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton Holding Co. has a 12-month low of $123.17 and a 12-month high of $190.59. The firm’s 50-day moving average price is $164.99 and its 200-day moving average price is $156.90. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 1.79 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BAH. Truist Financial increased their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Wells Fargo & Company lifted their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price objective for the company from $180.00 to $190.00 in a report on Monday, November 4th. TD Cowen lowered their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Finally, The Goldman Sachs Group raised their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $180.63.

Insider Activity

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. The trade was a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by insiders.

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.