Deutsche Bank AG Has $4.33 Million Holdings in Nelnet, Inc. $NNI

Deutsche Bank AG boosted its holdings in shares of Nelnet, Inc. (NYSE:NNI - Free Report) by 209.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,074 shares of the credit services provider's stock after acquiring an additional 26,429 shares during the period. Deutsche Bank AG owned approximately 0.11% of Nelnet worth $4,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NNI. MetLife Investment Management LLC lifted its holdings in shares of Nelnet by 1.8% in the fourth quarter. MetLife Investment Management LLC now owns 8,510 shares of the credit services provider's stock valued at $909,000 after purchasing an additional 151 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Nelnet by 1.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395 shares of the credit services provider's stock valued at $1,217,000 after purchasing an additional 188 shares in the last quarter. KBC Group NV bought a new stake in shares of Nelnet in the first quarter valued at about $32,000. Sterling Capital Management LLC lifted its holdings in shares of Nelnet by 796.0% in the fourth quarter. Sterling Capital Management LLC now owns 448 shares of the credit services provider's stock valued at $48,000 after purchasing an additional 398 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Nelnet by 292.1% in the first quarter. Blue Trust Inc. now owns 698 shares of the credit services provider's stock valued at $77,000 after purchasing an additional 520 shares in the last quarter. 33.51% of the stock is currently owned by institutional investors.

Nelnet Stock Up 3.2%

Shares of NYSE:NNI traded up $4.04 during midday trading on Friday, reaching $128.91. The company had a trading volume of 9,369 shares, compared to its average volume of 65,176. The company has a quick ratio of 29.41, a current ratio of 29.42 and a debt-to-equity ratio of 2.27. The business's 50 day moving average price is $122.00 and its 200 day moving average price is $115.39. The stock has a market cap of $4.66 billion, a PE ratio of 14.30 and a beta of 0.90. Nelnet, Inc. has a 1-year low of $98.15 and a 1-year high of $130.41.

Nelnet (NYSE:NNI - Get Free Report) last released its earnings results on Wednesday, August 6th. The credit services provider reported $5.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $3.14. The business had revenue of $540.61 million for the quarter, compared to the consensus estimate of $376.40 million. Nelnet had a return on equity of 10.09% and a net margin of 14.86%. Research analysts forecast that Nelnet, Inc. will post 4.52 EPS for the current fiscal year.

Nelnet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.30 dividend. This is an increase from Nelnet's previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Nelnet's dividend payout ratio (DPR) is presently 12.40%.

Nelnet announced that its board has initiated a share repurchase plan on Thursday, May 8th that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Nelnet from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th.

Nelnet Company Profile

Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.