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

Principal Financial Group Inc. reduced its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 0.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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.

Several other hedge funds also recently bought and sold shares of BAH. Cumberland Partners Ltd grew its position in Booz Allen Hamilton by 39.5% during the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after buying an additional 14,620 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Booz Allen Hamilton by 29.6% during the 3rd quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock valued at $2,752,000 after buying an additional 3,863 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Booz Allen Hamilton by 3.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after acquiring an additional 32,897 shares during the last quarter. Zacks Investment Management purchased a new position in Booz Allen Hamilton in the third quarter worth $15,152,000. Finally, Stifel Financial Corp increased its stake in Booz Allen Hamilton by 23.5% in the third quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider’s stock valued at $19,381,000 after acquiring an additional 22,690 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Cowen raised Booz Allen Hamilton to a “strong-buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company reduced their price target on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. Barclays boosted their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. The Goldman Sachs Group decreased their target price on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Truist Financial cut their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $167.44.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $128.70 on Thursday. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59. The firm has a market cap of $16.44 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.62 and a beta of 0.52. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm has a 50-day moving average of $151.79 and a 200-day moving average of $153.91.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.59%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the sale, the chief financial officer now directly owns 29,618 shares in the company, valued at $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Richard Crowe sold 4,243 shares of the company’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 value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is owned by corporate insiders.

Booz Allen Hamilton Profile

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.