136,550 Shares in Navient Corporation $NAVI Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP acquired 136,550 shares of Navient Corporation, valued at approximately $1,725,000, representing about 0.13% ownership in the company.
• Navient recently declared a quarterly dividend of $0.16, reflecting a 4.7% annual yield and a high dividend payout ratio of 206.45%.
• Analysts have mixed ratings for Navient, with a consensus rating of "Reduce" and an average price target of $13.06, following recent adjustments from several investment firms.

Caxton Associates LLP bought a new stake in shares of Navient Corporation (NASDAQ:NAVI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 136,550 shares of the credit services provider's stock, valued at approximately $1,725,000. Caxton Associates LLP owned approximately 0.13% of Navient at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd lifted its holdings in Navient by 29.7% in the 1st quarter. Orbis Allan Gray Ltd now owns 2,311,785 shares of the credit services provider's stock valued at $29,198,000 after purchasing an additional 528,716 shares in the last quarter. American Century Companies Inc. lifted its holdings in Navient by 7.3% in the 1st quarter. American Century Companies Inc. now owns 1,954,896 shares of the credit services provider's stock valued at $24,690,000 after purchasing an additional 132,313 shares in the last quarter. Northern Trust Corp lifted its holdings in 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 lifted its holdings in Navient by 10.9% in the 1st quarter. Wellington Management Group LLP now owns 1,459,166 shares of the credit services provider's stock valued at $18,429,000 after purchasing an additional 143,325 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Navient by 32.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,439,903 shares of the credit services provider's stock valued at $18,186,000 after purchasing an additional 353,898 shares in the last quarter. Hedge funds and other institutional investors own 97.14% of the company's stock.

Navient Trading Down 2.4%

Shares of NAVI traded down $0.32 during midday trading on Friday, reaching $12.87. The company had a trading volume of 611,238 shares, compared to its average volume of 719,590. Navient Corporation has a 1-year low of $10.53 and a 1-year high of $16.44. The stock has a market cap of $1.28 billion, a PE ratio of 41.52 and a beta of 1.35. The firm has a 50 day simple moving average of $13.64 and a 200-day simple moving average of $13.26. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 16.52.

Navient (NASDAQ:NAVI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share (EPS) 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 company had revenue of $156.00 million during the quarter, compared to analyst estimates 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. Research analysts forecast that Navient Corporation will post 1.04 EPS for the current fiscal year.

Navient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, September 5th. Navient's dividend payout ratio (DPR) is presently 206.45%.

Analyst Upgrades and Downgrades

NAVI has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Navient from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. Bank of America lowered Navient from a "neutral" rating to an "underperform" rating and set a $12.00 price objective on the stock. in a report on Thursday, September 4th. JPMorgan Chase & Co. raised their price objective on Navient from $12.50 to $15.50 and gave the company a "neutral" rating in a report on Friday, July 11th. Finally, Keefe, Bruyette & Woods decreased their price objective on Navient from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $13.06.

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.