BNP Paribas Financial Markets Cuts Position in Navient Co. (NASDAQ:NAVI)

BNP Paribas Financial Markets decreased its position in Navient Co. (NASDAQ:NAVI - Free Report) by 55.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,385 shares of the credit services provider's stock after selling 37,665 shares during the period. BNP Paribas Financial Markets' holdings in Navient were worth $404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Navient by 6.4% during the 4th quarter. American Century Companies Inc. now owns 1,822,583 shares of the credit services provider's stock valued at $24,222,000 after purchasing an additional 109,229 shares in the last quarter. Northern Trust Corp increased its stake in shares of Navient by 14.6% in the 4th quarter. Northern Trust Corp now owns 1,567,466 shares of the credit services provider's stock valued at $20,832,000 after purchasing an additional 199,937 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Navient by 47.4% during the 4th quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock worth $17,488,000 after buying an additional 423,013 shares during the period. Bank of New York Mellon Corp increased its holdings in Navient by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,149,599 shares of the credit services provider's stock worth $15,278,000 after acquiring an additional 10,788 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Navient by 1,043.8% in the 4th quarter. Marshall Wace LLP now owns 635,466 shares of the credit services provider's stock worth $8,445,000 after acquiring an additional 579,909 shares in the last quarter. Hedge funds and other institutional investors own 97.14% of the company's stock.

Navient Stock Down 0.4%

Shares of NASDAQ:NAVI traded down $0.06 during trading on Friday, hitting $13.53. 24,699 shares of the company were exchanged, compared to its average volume of 764,980. The stock has a market capitalization of $1.37 billion, a P/E ratio of 11.65 and a beta of 1.38. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49. Navient Co. has a 12-month low of $10.53 and a 12-month high of $16.97. The firm's 50 day moving average price is $12.45 and its 200-day moving average price is $13.52.

Navient (NASDAQ:NAVI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.09. Navient had a net margin of 2.96% and a return on equity of 6.69%. The firm had revenue of $156.00 million during the quarter, compared to analysts' expectations of $150.40 million. During the same period in the previous year, the company earned $0.47 earnings per share. On average, research analysts predict that Navient Co. will post 1.04 earnings per share for the current fiscal year.

Navient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Friday, June 6th. Navient's dividend payout ratio is currently 128.00%.

Analyst Ratings Changes

Several research firms have commented on NAVI. Wall Street Zen lowered Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. TD Cowen cut Navient from a "hold" rating to a "strong sell" rating in a report on Thursday, May 1st. TD Securities increased their price target on shares of Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research note on Thursday, May 1st. Keefe, Bruyette & Woods lowered their price target on Navient from $16.00 to $14.00 and set a "market perform" rating for the company in a report on Monday, March 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Navient from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Navient currently has an average rating of "Hold" and an average price target of $12.93.

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.