Navient (NASDAQ:NAVI) PT Lowered to $13.00

Navient (NASDAQ:NAVI - Free Report) had its price target trimmed by TD Cowen from $14.00 to $13.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a sell rating on the credit services provider's stock.

Several other research firms have also recently weighed in on NAVI. Citigroup increased their price target on shares of Navient from $17.00 to $18.00 and gave the company a neutral rating in a report on Thursday, February 1st. Stephens lowered shares of Navient from an equal weight rating to an underweight rating and set a $16.00 price target on the stock. in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. cut their target price on shares of Navient from $17.00 to $16.00 and set a neutral rating on the stock in a research report on Thursday. Barclays cut their target price on shares of Navient from $13.00 to $11.00 and set an underweight rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Navient in a research note on Wednesday, January 10th. They set a hold rating and a $19.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $16.10.

Navient Trading Down 0.3 %

Shares of Navient stock traded down $0.04 on Friday, hitting $15.72. 766,480 shares of the company's stock traded hands, compared to its average volume of 927,227. The firm's 50-day moving average price is $16.56 and its two-hundred day moving average price is $17.10. The stock has a market capitalization of $1.76 billion, a PE ratio of 10.13 and a beta of 1.38. Navient has a one year low of $14.10 and a one year high of $19.69. The company has a debt-to-equity ratio of 18.38, a current ratio of 12.52 and a quick ratio of 13.63.

Navient (NASDAQ:NAVI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. The company had revenue of $163.00 million during the quarter, compared to analyst estimates of $188.04 million. Navient had a net margin of 3.93% and a return on equity of 12.09%. On average, research analysts expect that Navient will post 1.65 EPS for the current fiscal year.

Navient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Thursday, February 29th. Navient's dividend payout ratio is currently 41.03%.

Insider Activity

In related news, EVP Mark L. Heleen sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $17.20, for a total transaction of $172,000.00. Following the sale, the executive vice president now directly owns 385,577 shares in the company, valued at approximately $6,631,924.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 27.99% of the company's stock.

Institutional Trading of Navient

Several institutional investors and hedge funds have recently bought and sold shares of NAVI. Impact Partnership Wealth LLC lifted its stake in Navient by 277.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,511 shares of the credit services provider's stock worth $26,000 after purchasing an additional 1,111 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Navient in the 1st quarter worth $36,000. CWM LLC increased its holdings in shares of Navient by 314.6% in the 3rd quarter. CWM LLC now owns 2,193 shares of the credit services provider's stock worth $38,000 after buying an additional 1,664 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Navient by 13.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider's stock worth $90,000 after buying an additional 607 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Navient by 367.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,795 shares of the credit services provider's stock worth $117,000 after buying an additional 5,342 shares during the last quarter. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

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.