Deutsche Bank AG Has $923,000 Holdings in Navient Co. (NASDAQ:NAVI)

Deutsche Bank AG reduced its position in shares of Navient Co. (NASDAQ:NAVI - Free Report) by 75.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,416 shares of the credit services provider's stock after selling 212,274 shares during the period. Deutsche Bank AG owned approximately 0.06% of Navient worth $923,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC grew 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 worth $32,000 after acquiring an additional 2,176 shares during the period. Raymond James Financial Inc. purchased a new position in Navient in the 4th quarter worth about $167,000. Brevan Howard Capital Management LP increased its stake in Navient by 16.3% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,877 shares of the credit services provider's stock worth $171,000 after purchasing an additional 1,804 shares in the last quarter. AXQ Capital LP purchased a new position in Navient in the 4th quarter worth about $196,000. Finally, Headlands Technologies LLC increased its stake in Navient by 757.3% in the 4th quarter. Headlands Technologies LLC now owns 14,737 shares of the credit services provider's stock worth $196,000 after purchasing an additional 13,018 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.

Navient Stock Down 0.4%

Shares of NASDAQ NAVI traded down $0.06 during trading hours on Friday, hitting $13.53. The stock had a trading volume of 1,000,626 shares, compared to its average volume of 756,987. The company has a market capitalization of $1.37 billion, a P/E ratio of 11.66 and a beta of 1.38. The firm's 50-day moving average price is $12.46 and its two-hundred day moving average price is $13.49. Navient Co. has a 52 week low of $10.53 and a 52 week high of $16.97. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48.

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

Navient Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.16 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.64 annualized dividend and a yield of 4.73%. Navient's dividend payout ratio (DPR) is currently 128.00%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NAVI shares. Wall Street Zen cut Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Jefferies Financial Group dropped their price target on Navient from $14.00 to $12.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. TD Securities lifted their price target on Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on Navient from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, TD Cowen cut Navient from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Navient currently has an average rating of "Hold" and a consensus target price 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.