Rhumbline Advisers reduced its holdings in shares of Navient Corporation (NASDAQ:NAVI - Free Report) by 14.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 292,347 shares of the credit services provider's stock after selling 50,994 shares during the period. Rhumbline Advisers owned 0.29% of Navient worth $3,692,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in shares of Navient by 815.0% in the 4th quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock valued at $32,000 after buying an additional 2,176 shares during the period. GAMMA Investing LLC grew its stake in shares of Navient by 2,663.1% in the 1st quarter. GAMMA Investing LLC now owns 8,096 shares of the credit services provider's stock valued at $102,000 after buying an additional 7,803 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Navient in the 4th quarter valued at about $167,000. Brevan Howard Capital Management LP grew its stake in shares of 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 valued at $171,000 after buying an additional 1,804 shares during the period. Finally, Twinbeech Capital LP acquired a new stake in shares of Navient in the 4th quarter valued at about $173,000. 97.14% of the stock is currently owned by institutional investors and hedge funds.
Navient Stock Performance
Shares of Navient stock traded up $0.25 during mid-day trading on Wednesday, hitting $13.41. 860,353 shares of the stock were exchanged, compared to its average volume of 749,861. Navient Corporation has a 12 month low of $10.53 and a 12 month high of $16.97. The company has a 50-day simple moving average of $12.83 and a 200 day simple moving average of $13.35. The company has a debt-to-equity ratio of 16.56, a quick ratio of 9.88 and a current ratio of 9.88. The company has a market capitalization of $1.36 billion, a P/E ratio of 26.82 and a beta of 1.40.
Navient (NASDAQ:NAVI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The credit services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. Navient had a net margin of 1.37% and a return on equity of 5.20%. The firm had revenue of $156.00 million for the quarter, compared to analysts' expectations of $150.40 million. During the same quarter last year, the firm earned $0.47 EPS. Sell-side analysts anticipate that Navient Corporation will post 1.04 earnings per share for the current fiscal year.
Navient Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.64 annualized dividend and a dividend yield of 4.77%. Navient's dividend payout ratio is currently 128.00%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on NAVI shares. TD Securities raised their price target on shares of Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research report on Thursday, May 1st. Jefferies Financial Group dropped their price target on shares of Navient from $14.00 to $12.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. raised their price target on shares of Navient from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods dropped their price target on shares of Navient from $16.00 to $14.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. Finally, TD Cowen cut shares of Navient from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $12.93.
Check Out Our Latest Stock Analysis on NAVI
About Navient
(
Free Report)
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.
Featured Articles
Before you consider Navient, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navient wasn't on the list.
While Navient currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
