Navient (NASDAQ:NAVI) Given New $12.00 Price Target at Jefferies Financial Group

Navient (NASDAQ:NAVI - Free Report) had its price objective reduced by Jefferies Financial Group from $14.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the credit services provider's stock.

NAVI has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of Navient from $13.50 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods cut their target price on shares of Navient from $16.00 to $14.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Bank of America lowered their price target on shares of Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, December 24th. StockNews.com lowered Navient from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Finally, TD Cowen raised Navient from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Navient has a consensus rating of "Hold" and a consensus price target of $12.83.

Navient Trading Down 0.7 %

Navient stock traded down $0.08 during midday trading on Monday, reaching $11.83. The stock had a trading volume of 465,853 shares, compared to its average volume of 773,450. The firm's fifty day simple moving average is $12.70 and its two-hundred day simple moving average is $13.84. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49. Navient has a twelve month low of $10.53 and a twelve month high of $16.97. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 10.20 and a beta of 1.24.

Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.69%. Equities analysts anticipate that Navient will post 1.04 EPS for the current fiscal year.

Navient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend was Friday, March 7th. Navient's payout ratio is presently 55.17%.

Hedge Funds Weigh In On Navient

Several hedge funds have recently bought and sold shares of NAVI. Marshall Wace LLP boosted its stake in shares of Navient by 1,043.8% during the 4th quarter. Marshall Wace LLP now owns 635,466 shares of the credit services provider's stock worth $8,445,000 after acquiring an additional 579,909 shares in the last quarter. Wellington Management Group LLP grew its holdings in Navient by 47.4% during the fourth quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock valued at $17,488,000 after purchasing an additional 423,013 shares during the last quarter. Tudor Investment Corp ET AL raised its position in shares of Navient by 1,088.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 460,646 shares of the credit services provider's stock valued at $6,122,000 after purchasing an additional 421,898 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of Navient during the 4th quarter worth $4,009,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Navient during the 4th quarter worth $3,717,000. 97.14% of the stock is owned by institutional investors and hedge funds.

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.