Wellington Management Group LLP Increases Stock Holdings in Navient Co. (NASDAQ:NAVI)

Wellington Management Group LLP raised its holdings in shares of Navient Co. (NASDAQ:NAVI - Free Report) by 47.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,315,841 shares of the credit services provider's stock after purchasing an additional 423,013 shares during the quarter. Wellington Management Group LLP owned 1.29% of Navient worth $17,488,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Navient during the fourth quarter worth $3,182,000. Mackenzie Financial Corp bought a new stake in shares of Navient during the fourth quarter worth $176,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 valued at $2,563,000 after acquiring an additional 30,798 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Navient in the fourth quarter valued at about $4,009,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of Navient in the fourth quarter valued at about $207,000. 97.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on NAVI shares. TD Securities boosted 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. JPMorgan Chase & Co. boosted their target price on shares of Navient from $11.00 to $12.50 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Jefferies Financial Group reduced their target price on shares of Navient from $14.00 to $12.00 and set a "hold" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods reduced their target price 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. Finally, TD Cowen downgraded shares of Navient from a "hold" rating to a "strong sell" rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $12.93.

Navient Stock Performance

NASDAQ NAVI traded up $0.07 during trading hours on Wednesday, reaching $13.57. The stock had a trading volume of 272,764 shares, compared to its average volume of 753,165. The stock has a fifty day moving average of $12.47 and a 200 day moving average of $13.47. The stock has a market cap of $1.37 billion, a P/E ratio of 11.70 and a beta of 1.38. 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 issued its earnings results on Wednesday, April 30th. The credit services provider reported $0.28 EPS for the quarter, beating 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 firm had revenue of $156.00 million for the quarter, compared to analyst estimates of $150.40 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Sell-side analysts predict that Navient Co. will post 1.04 earnings per share for the current year.

Navient Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.72%. Navient's dividend payout ratio (DPR) is 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.