Charles Schwab Investment Management Inc. Purchases 353,898 Shares of Navient Corporation $NAVI

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. increased its position in shares of Navient Corporation (NASDAQ:NAVI - Free Report) by 32.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,439,903 shares of the credit services provider's stock after buying an additional 353,898 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.42% of Navient worth $18,186,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp raised its stake in Navient by 14.6% during the 4th quarter. Northern Trust Corp now owns 1,567,466 shares of the credit services provider's stock worth $20,832,000 after buying an additional 199,937 shares during the period. Wellington Management Group LLP raised its stake in 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. Bridgeway Capital Management LLC raised its stake in Navient by 2.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 917,232 shares of the credit services provider's stock worth $12,190,000 after buying an additional 22,765 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Navient by 46.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 725,244 shares of the credit services provider's stock worth $9,638,000 after buying an additional 228,385 shares during the period. Finally, Bank of America Corp DE raised its stake in Navient by 69.4% during the 4th quarter. Bank of America Corp DE now owns 667,372 shares of the credit services provider's stock worth $8,869,000 after buying an additional 273,483 shares during the period. 97.14% of the stock is owned by institutional investors and hedge funds.

Navient Stock Performance

Shares of NAVI traded up $0.07 on Thursday, reaching $13.66. 472,888 shares of the company's stock traded hands, compared to its average volume of 845,276. 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 stock has a market cap of $1.36 billion, a PE ratio of 44.07 and a beta of 1.37. The stock's 50 day simple moving average is $13.80 and its two-hundred day simple moving average is $13.28. Navient Corporation has a 52-week low of $10.53 and a 52-week high of $16.97.

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

Navient Dividend Announcement

The firm also recently declared 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 4.7%. The ex-dividend date of this dividend is Friday, September 5th. Navient's dividend payout ratio (DPR) is presently 206.45%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NAVI. TD Cowen downgraded Navient from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 1st. TD Securities increased their price objective on Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a research note on Thursday, May 1st. Morgan Stanley lowered their price objective on Navient from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on Navient from $12.50 to $15.50 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on Navient from $16.50 to $15.00 and set a "market perform" rating for the company in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Navient currently has a consensus rating of "Reduce" and a consensus target price of $13.56.

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.