Deutsche Bank AG Sells 212,274 Shares of Navient Co. (NASDAQ:NAVI)

Deutsche Bank AG lessened its holdings in Navient Co. (NASDAQ:NAVI - Free Report) by 75.4% during the fourth quarter, according to the company in its most recent 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 quarter. Deutsche Bank AG owned 0.06% of Navient worth $923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Barclays PLC increased its stake in shares of Navient by 59.0% during the third quarter. Barclays PLC now owns 284,130 shares of the credit services provider's stock valued at $4,429,000 after buying an additional 105,454 shares during the period. EMC Capital Management lifted its position in shares of Navient by 2,193.7% in the 4th quarter. EMC Capital Management now owns 20,276 shares of the credit services provider's stock worth $269,000 after purchasing an additional 19,392 shares during the period. Empowered Funds LLC boosted its stake in shares of Navient by 5.1% during the 4th quarter. Empowered Funds LLC now owns 467,232 shares of the credit services provider's stock valued at $6,210,000 after purchasing an additional 22,765 shares in the last quarter. Entropy Technologies LP boosted its stake in shares of Navient by 46.2% during the 4th quarter. Entropy Technologies LP now owns 21,526 shares of the credit services provider's stock valued at $286,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Navient by 5.8% during the fourth quarter. Rhumbline Advisers now owns 343,341 shares of the credit services provider's stock valued at $4,563,000 after buying an additional 18,760 shares during the period. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on NAVI. Keefe, Bruyette & Woods lowered their price objective on shares of Navient from $16.00 to $14.00 and set a "market perform" rating for the company in a report on Monday, March 31st. TD Cowen cut Navient from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 1st. Wall Street Zen cut Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Navient from $11.00 to $12.50 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Jefferies Financial Group reduced their price objective on Navient from $14.00 to $12.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $12.93.

Navient Stock Up 1.6%

NAVI stock traded up $0.21 during midday trading on Thursday, hitting $13.59. The company's stock had a trading volume of 569,603 shares, compared to its average volume of 767,719. The firm's 50-day moving average is $12.45 and its 200-day moving average is $13.53. The company has a current ratio of 9.48, a quick ratio of 9.49 and a debt-to-equity ratio of 16.35. Navient Co. has a 12 month low of $10.53 and a 12 month high of $16.97. The company has a market cap of $1.37 billion, a PE ratio of 11.72 and a beta of 1.38.

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

Navient Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.71%. Navient's dividend payout ratio is currently 128.00%.

About Navient

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.