Hotchkis & Wiley Capital Management LLC Has $11.46 Million Stock Holdings in Navient Corporation $NAVI

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Navient Corporation (NASDAQ:NAVI) by 3.1%, owning approximately 0.90% of the company with holdings valued at $11.46 million.
• Navient recently reported Q2 earnings of $0.21 per share, falling short of the consensus estimate of $0.27, with revenue of $156 million.
• The company announced a quarterly dividend of $0.16, representing a 4.7% dividend yield, which will be paid to shareholders on September 19th.

Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Navient Corporation (NASDAQ:NAVI - Free Report) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 907,116 shares of the credit services provider's stock after purchasing an additional 27,340 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.90% of Navient worth $11,457,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Navient by 7.3% in the 1st quarter. American Century Companies Inc. now owns 1,954,896 shares of the credit services provider's stock worth $24,690,000 after buying an additional 132,313 shares in the last quarter. Northern Trust Corp raised its stake in Navient by 14.6% during the fourth quarter. Northern Trust Corp now owns 1,567,466 shares of the credit services provider's stock worth $20,832,000 after acquiring an additional 199,937 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Navient by 10.9% during the first quarter. Wellington Management Group LLP now owns 1,459,166 shares of the credit services provider's stock valued at $18,429,000 after acquiring an additional 143,325 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Navient by 32.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,439,903 shares of the credit services provider's stock valued at $18,186,000 after acquiring an additional 353,898 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Navient by 2.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 917,232 shares of the credit services provider's stock valued at $12,190,000 after purchasing an additional 22,765 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.

Navient Trading Up 3.8%

Shares of NASDAQ NAVI opened at $13.56 on Friday. Navient Corporation has a 1-year low of $10.53 and a 1-year high of $16.97. The company has a market cap of $1.35 billion, a PE ratio of 43.74 and a beta of 1.37. 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 company has a 50-day moving average of $13.78 and a two-hundred day moving average of $13.28.

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

Navient Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend 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 206.45%.

Wall Street Analyst Weigh In

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

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