American Century Companies Inc. Raises Position in Navient Corporation $NAVI

Key Points

• American Century Companies Inc. increased its stake in Navient Corporation by 7.3%, acquiring 132,313 shares and owning a total of 1,954,896 shares valued at approximately $24.69 million.
• Following the latest earnings report, Navient reported $0.21 earnings per share, which missed analysts' expectations of $0.27, and set FY 2025 guidance at 0.950-1.050 EPS.
• Navient announced a quarterly dividend of $0.16 per share, with a yield of 4.7%, following a payout ratio of 206.45%.

American Century Companies Inc. raised its stake in Navient Corporation (NASDAQ:NAVI - Free Report) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,954,896 shares of the credit services provider's stock after buying an additional 132,313 shares during the period. American Century Companies Inc. owned about 1.93% of Navient worth $24,690,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Navient by 1.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,052 shares of the credit services provider's stock valued at $585,000 after buying an additional 823 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Navient by 5.6% in the 1st quarter. Neuberger Berman Group LLC now owns 18,100 shares of the credit services provider's stock valued at $229,000 after buying an additional 962 shares during the last quarter. Covestor Ltd grew its position in shares of Navient by 15.7% in the 1st quarter. Covestor Ltd now owns 7,303 shares of the credit services provider's stock valued at $92,000 after buying an additional 993 shares during the last quarter. Brevan Howard Capital Management LP grew its position in shares of Navient by 16.3% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,877 shares of the credit services provider's stock valued at $171,000 after buying an additional 1,804 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Navient by 815.0% in the 4th quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock valued at $32,000 after buying an additional 2,176 shares during the last quarter. Institutional investors own 97.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NAVI shares. Keefe, Bruyette & Woods dropped their price objective on Navient from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Thursday, July 31st. TD Securities boosted their price objective on Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research note on Thursday, May 1st. TD Cowen downgraded Navient from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on Navient from $12.50 to $15.50 and gave the company a "neutral" rating in a research note on Friday, July 11th. Finally, Morgan Stanley dropped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $13.56.

Navient Stock Down 0.7%

NAVI stock traded down $0.10 during trading on Thursday, reaching $13.49. 35,810 shares of the stock were exchanged, compared to its average volume of 806,634. The firm's 50 day moving average is $13.80 and its 200 day moving average is $13.28. Navient Corporation has a twelve month low of $10.53 and a twelve month high of $16.97. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 16.52. The firm has a market cap of $1.34 billion, a P/E ratio of 43.59 and a beta of 1.37.

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

Navient Dividend Announcement

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

Navient Company 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.