Navient Corporation $NAVI Shares Purchased by American Century Companies Inc.

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

Several other large investors also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH boosted its position in shares of Navient by 47.1% during the first quarter. Allianz Asset Management GmbH now owns 381,040 shares of the credit services provider's stock valued at $4,813,000 after buying an additional 122,061 shares during the period. Bank of America Corp DE lifted its stake in Navient by 69.4% in the fourth quarter. Bank of America Corp DE now owns 667,372 shares of the credit services provider's stock worth $8,869,000 after acquiring an additional 273,483 shares during the period. Two Sigma Investments LP lifted its holdings in Navient by 39.0% during the fourth quarter. Two Sigma Investments LP now owns 130,046 shares of the credit services provider's stock worth $1,728,000 after buying an additional 36,498 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Navient by 19.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 192,867 shares of the credit services provider's stock worth $2,563,000 after buying an additional 30,798 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in Navient by 149.5% during the fourth quarter. Two Sigma Advisers LP now owns 51,900 shares of the credit services provider's stock worth $690,000 after buying an additional 31,100 shares during the period. 97.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NAVI shares. TD Cowen downgraded Navient from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 1st. TD Securities increased their price target on Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a research report on Thursday, May 1st. Morgan Stanley cut their price target on Navient from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on Navient from $12.50 to $15.50 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Finally, Keefe, Bruyette & Woods cut 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $13.56.

Navient Price Performance

NAVI traded down $0.02 during trading on Monday, reaching $13.54. The company's stock had a trading volume of 477,957 shares, compared to its average volume of 949,696. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 16.52. The firm has a fifty day simple moving average of $13.78 and a two-hundred day simple moving average of $13.28. Navient Corporation has a 1 year low of $10.53 and a 1 year high of $16.97. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 43.68 and a beta of 1.37.

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

Navient Announces Dividend

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

About Navient

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.