Barclays PLC grew its holdings in shares of Navient Co. (NASDAQ:NAVI - Free Report) by 26.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,365 shares of the credit services provider's stock after buying an additional 75,235 shares during the quarter. Barclays PLC owned approximately 0.33% of Navient worth $4,776,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its holdings in Navient by 815.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock worth $32,000 after acquiring an additional 2,176 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Navient in the 4th quarter valued at about $167,000. AXQ Capital LP bought a new position in Navient during the fourth quarter worth about $196,000. Headlands Technologies LLC increased its position in Navient by 757.3% during the fourth quarter. Headlands Technologies LLC now owns 14,737 shares of the credit services provider's stock worth $196,000 after buying an additional 13,018 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Navient in the fourth quarter valued at approximately $258,000. 97.14% of the stock is owned by institutional investors.
Navient Price Performance
Shares of NAVI stock traded up $0.12 during trading hours on Friday, reaching $12.65. The company's stock had a trading volume of 65,810 shares, compared to its average volume of 773,474. Navient Co. has a fifty-two week low of $10.53 and a fifty-two week high of $16.97. The firm's 50 day simple moving average is $12.57 and its 200-day simple moving average is $13.77. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 10.91 and a beta of 1.24.
Navient (NASDAQ:NAVI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. The business had revenue of $156.00 million for the quarter, compared to analyst estimates of $150.40 million. Navient had a return on equity of 6.69% and a net margin of 2.96%. During the same period last year, the firm posted $0.47 earnings per share. Sell-side analysts forecast that Navient Co. will post 1.04 earnings per share for the current year.
Navient Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date was Friday, March 7th. Navient's dividend payout ratio is 55.17%.
Analyst Ratings Changes
A number of research firms recently weighed in on NAVI. StockNews.com cut Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Seaport Res Ptn raised shares of Navient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Jefferies Financial Group cut their price objective on shares of Navient from $14.00 to $12.00 and set a "hold" rating for the company in a report on Monday, April 21st. TD Cowen cut shares of Navient from a "hold" rating to a "strong sell" rating in a report on Thursday. Finally, TD Securities boosted their price target on Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.93.
View Our Latest Analysis on NAVI
About Navient
(
Free Report)
Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.
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