Principal Financial Group Inc. Cuts Stock Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Principal Financial Group Inc. lessened its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 7.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,435 shares of the business services provider's stock after selling 2,349 shares during the period. Principal Financial Group Inc.'s holdings in Booz Allen Hamilton were worth $2,869,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Resonant Capital Advisors LLC raised its holdings in shares of Booz Allen Hamilton by 2.6% in the first quarter. Resonant Capital Advisors LLC now owns 6,317 shares of the business services provider's stock valued at $661,000 after buying an additional 158 shares during the last quarter. Novem Group bought a new stake in Booz Allen Hamilton during the 1st quarter worth about $580,000. Cannon Global Investment Management LLC bought a new stake in Booz Allen Hamilton during the 1st quarter worth about $1,046,000. Physician Wealth Advisors Inc. raised its holdings in Booz Allen Hamilton by 32.6% during the 1st quarter. Physician Wealth Advisors Inc. now owns 566 shares of the business services provider's stock worth $59,000 after purchasing an additional 139 shares during the last quarter. Finally, Keybank National Association OH raised its holdings in Booz Allen Hamilton by 4.3% during the 1st quarter. Keybank National Association OH now owns 10,274 shares of the business services provider's stock worth $1,074,000 after purchasing an additional 422 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

BAH stock traded up $0.42 during trading hours on Friday, hitting $109.27. 1,105,824 shares of the stock were exchanged, compared to its average volume of 1,819,458. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90. The firm has a market capitalization of $13.57 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.70 and a beta of 0.48. The company has a 50-day simple moving average of $108.80 and a two-hundred day simple moving average of $115.32. Booz Allen Hamilton Holding Corporation has a 12 month low of $98.95 and a 12 month high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. Booz Allen Hamilton's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. On average, analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton's payout ratio is 30.34%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Stifel Nicolaus assumed coverage on Booz Allen Hamilton in a research note on Tuesday, June 24th. They issued a "hold" rating and a $112.00 price target for the company. JPMorgan Chase & Co. lowered their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their price target for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. Finally, Barclays lowered their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $134.64.

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.