Navient Corporation $NAVI Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Navient Corporation by 32.6% in the first quarter, now owning 1.42% of the company valued at $18.2 million.
• Navient recently announced a quarterly dividend of $0.16 per share, representing an annual yield of 4.7%, with an upcoming ex-dividend date of September 5th.
• Analyst ratings on Navient fluctuated, with some lowering targets while others raised them, resulting in an average consensus price target of $13.56 and an overall rating of "Reduce."

Charles Schwab Investment Management Inc. boosted its holdings in shares of Navient Corporation (NASDAQ:NAVI - Free Report) by 32.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,439,903 shares of the credit services provider's stock after purchasing an additional 353,898 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.42% of Navient worth $18,186,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NAVI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Navient by 1.9% during 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 in the last quarter. Brevan Howard Capital Management LP raised its position in Navient by 16.3% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,877 shares of the credit services provider's stock worth $171,000 after acquiring an additional 1,804 shares during the period. Sterling Capital Management LLC lifted its holdings in Navient by 815.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock valued at $32,000 after purchasing an additional 2,176 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Navient by 55.9% during the first quarter. Harbor Capital Advisors Inc. now owns 10,608 shares of the credit services provider's stock valued at $134,000 after purchasing an additional 3,802 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Navient by 25.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,409 shares of the credit services provider's stock valued at $245,000 after purchasing an additional 3,890 shares during the period. 97.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Securities upped their price target on shares of Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods reduced their target price on Navient from $16.50 to $15.00 and set a "market perform" rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. raised 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. Morgan Stanley dropped their price target on Navient from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. Finally, TD Cowen downgraded Navient from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Navient has a consensus rating of "Reduce" and a consensus price target of $13.56.

Navient Trading Down 0.1%

Shares of NAVI traded down $0.02 during midday trading on Monday, reaching $13.54. The company had a trading volume of 477,957 shares, compared to its average volume of 949,696. Navient Corporation has a 1-year low of $10.53 and a 1-year high of $16.97. 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 50 day simple moving average of $13.78 and a 200-day simple moving average of $13.28. The stock has a market cap of $1.35 billion, a PE ratio of 13.29 and a beta of 1.37.

Navient (NASDAQ:NAVI - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $156.20 million. During the same period in the previous year, the firm posted $0.29 EPS. 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 company 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 dividend of $0.16 per share. The ex-dividend date is Friday, September 5th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.7%. Navient's dividend payout ratio (DPR) is currently 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.