Nuveen LLC Invests $2.99 Million in Navient Corporation $NAVI

Key Points

• Nuveen LLC acquired 236,422 shares of Navient Corporation, valued at approximately $2,986,000, emphasizing a growing institutional interest in the stock.
• Navient's recent earnings report revealed an EPS of $0.21, missing analysts' expectations, while setting FY 2025 guidance of 0.950-1.050 EPS.
• The company declared a quarterly dividend of $0.16 per share, with a yield of 4.7%, despite a high dividend payout ratio of 206.45%.

Nuveen LLC acquired a new position in shares of Navient Corporation (NASDAQ:NAVI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 236,422 shares of the credit services provider's stock, valued at approximately $2,986,000. Nuveen LLC owned 0.23% of Navient at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in Navient by 47.4% in the fourth quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock valued at $17,488,000 after buying an additional 423,013 shares during the period. Tudor Investment Corp ET AL increased its stake in Navient by 1,088.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 460,646 shares of the credit services provider's stock worth $6,122,000 after acquiring an additional 421,898 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Navient by 32.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,439,903 shares of the credit services provider's stock worth $18,186,000 after acquiring an additional 353,898 shares during the period. Voloridge Investment Management LLC bought a new position in Navient during the 4th quarter worth $4,009,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Navient in the 4th quarter valued at $3,717,000. 97.14% of the stock is owned by institutional investors and hedge funds.

Navient Stock Performance

Shares of NAVI stock traded up $0.05 during trading on Monday, hitting $13.71. The company's stock had a trading volume of 701,968 shares, compared to its average volume of 794,141. The business has a fifty day moving average of $13.81 and a 200-day moving average of $13.28. Navient Corporation has a 52 week low of $10.53 and a 52 week high of $16.97. The company has a market cap of $1.36 billion, a PE ratio of 44.23 and a beta of 1.35. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 16.52.

Navient (NASDAQ:NAVI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). Navient had a net margin of 0.89% and a return on equity of 4.08%. The firm had revenue of $156.00 million for the quarter, compared to the consensus estimate of $156.20 million. During the same period last year, the company posted $0.29 earnings per share. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. As a group, research analysts anticipate that Navient Corporation will post 1.04 earnings per share for the current year.

Navient Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 5th. Navient's dividend payout ratio (DPR) is presently 206.45%.

Wall Street Analysts Forecast Growth

NAVI has been the topic of several recent analyst reports. Morgan Stanley decreased their price target on Navient from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. Keefe, Bruyette & Woods reduced their price target on Navient from $16.50 to $15.00 and set a "market perform" rating on the stock in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their target price on Navient from $12.50 to $15.50 and gave the company a "neutral" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $13.56.

Navient Profile

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.