Public Sector Pension Investment Board Has $3.71 Million Stock Holdings in Navient Corporation $NAVI

Key Points

• The Public Sector Pension Investment Board increased its stake in Navient Corporation by 52.6% during the first quarter, owning approximately $3.7 million worth of shares.
• Navient recently reported earnings per share of $0.21, which fell short of analysts' expectations of $0.27, with revenues slightly below estimates at $156 million.
• The company announced a quarterly dividend of $0.16 per share, with a dividend yield of 4.9%, indicating a payout ratio currently at 206.45%.

Public Sector Pension Investment Board lifted its holdings in Navient Corporation (NASDAQ:NAVI - Free Report) by 52.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,857 shares of the credit services provider's stock after purchasing an additional 101,263 shares during the period. Public Sector Pension Investment Board owned about 0.29% of Navient worth $3,711,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH grew its stake in shares of Navient by 47.1% in the 1st quarter. Allianz Asset Management GmbH now owns 381,040 shares of the credit services provider's stock worth $4,813,000 after purchasing an additional 122,061 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Navient by 69.4% in the fourth quarter. Bank of America Corp DE now owns 667,372 shares of the credit services provider's stock worth $8,869,000 after buying an additional 273,483 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Navient by 39.0% in the fourth quarter. Two Sigma Investments LP now owns 130,046 shares of the credit services provider's stock worth $1,728,000 after buying an additional 36,498 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Navient by 19.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 192,867 shares of the credit services provider's stock worth $2,563,000 after buying an additional 30,798 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of Navient by 149.5% in the fourth quarter. Two Sigma Advisers LP now owns 51,900 shares of the credit services provider's stock worth $690,000 after buying an additional 31,100 shares during the period. Institutional investors and hedge funds own 97.14% of the company's stock.

Navient Stock Up 3.8%

Shares of NAVI stock traded up $0.50 during trading on Friday, hitting $13.56. 891,573 shares of the company were exchanged, compared to its average volume of 949,696. The company has a debt-to-equity ratio of 16.52, a quick ratio of 9.94 and a current ratio of 9.94. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 43.74 and a beta of 1.37. The business's 50-day simple moving average is $13.78 and its 200 day simple moving average is $13.28. Navient Corporation has a twelve month low of $10.53 and a twelve month high of $16.97.

Navient (NASDAQ:NAVI - Get Free Report) last posted 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 analyst estimates of $156.20 million. Navient had a return on equity of 4.08% and a net margin of 0.89%.During the same quarter in the prior year, the business posted $0.29 earnings per share. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. As a group, analysts forecast that Navient Corporation will post 1.04 EPS for the current fiscal year.

Navient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 5th. Navient's dividend payout ratio (DPR) is currently 206.45%.

Analyst Ratings Changes

Several research analysts have commented on NAVI shares. TD Securities raised their target price on shares of Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a report on Thursday, May 1st. Morgan Stanley decreased their target price on shares of Navient from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Navient from $12.50 to $15.50 and gave the stock a "neutral" rating in a report on Friday, July 11th. Keefe, Bruyette & Woods decreased their target price on shares of Navient from $16.50 to $15.00 and set a "market perform" rating for the company in a report on Thursday, July 31st. Finally, TD Cowen cut shares of Navient from a "hold" rating to a "strong sell" rating in a report on Thursday, May 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Navient presently has an average rating of "Reduce" and an average 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.