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

Principal Financial Group Inc. raised its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 4.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 271,251 shares of the business services provider’s stock after acquiring an additional 11,254 shares during the quarter. Principal Financial Group Inc. owned approximately 0.22% of Booz Allen Hamilton worth $21,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAH. Midwest Trust Co lifted its position in shares of Booz Allen Hamilton by 2.5% during the first quarter. Midwest Trust Co now owns 127,381 shares of the business services provider’s stock worth $9,940,000 after purchasing an additional 3,104 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Booz Allen Hamilton by 2,033.6% in the first quarter. Fifth Third Bancorp now owns 38,916 shares of the business services provider’s stock worth $3,037,000 after purchasing an additional 37,092 shares during the last quarter. Hsbc Holdings PLC increased its stake in Booz Allen Hamilton by 154.0% in the 1st quarter. Hsbc Holdings PLC now owns 228,157 shares of the business services provider’s stock worth $18,066,000 after buying an additional 138,326 shares during the period. Isthmus Partners LLC increased its stake in Booz Allen Hamilton by 8.5% in the 1st quarter. Isthmus Partners LLC now owns 127,317 shares of the business services provider’s stock worth $9,935,000 after buying an additional 9,970 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Booz Allen Hamilton by 2.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,700 shares of the business services provider’s stock valued at $1,927,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup lowered their price objective on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. UBS Group reaffirmed a “neutral” rating and set a $83.00 target price on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. JPMorgan Chase & Co. decreased their price target on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, May 26th. Jefferies Financial Group set a $85.00 price target on Booz Allen Hamilton in a report on Monday, May 11th. Finally, Stifel Nicolaus set a $110.00 price objective on Booz Allen Hamilton and gave the stock a “buy” rating in a research note on Tuesday, May 26th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $79.83.

Booz Allen Hamilton Stock Performance

BAH stock opened at $63.94 on Wednesday. Booz Allen Hamilton Holding Corporation has a 1-year low of $59.50 and a 1-year high of $120.04. The business has a 50-day moving average price of $70.63 and a 200 day moving average price of $78.59. The company has a market capitalization of $7.66 billion, a P/E ratio of 9.28, a PEG ratio of 3.64 and a beta of 0.36. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.78 and a quick ratio of 1.78.

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

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders 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 dividend yield of 3.7%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 34.25%.

About Booz Allen Hamilton

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.