DekaBank Deutsche Girozentrale Has $4.32 Million Stock Holdings in Navient Co. (NASDAQ:NAVI)

DekaBank Deutsche Girozentrale boosted its holdings in shares of Navient Co. (NASDAQ:NAVI - Free Report) by 207.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 231,186 shares of the credit services provider's stock after acquiring an additional 156,086 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.20% of Navient worth $4,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NAVI. BlackRock Inc. lifted its holdings in shares of Navient by 27.4% in the second quarter. BlackRock Inc. now owns 16,272,912 shares of the credit services provider's stock valued at $302,351,000 after purchasing an additional 3,502,330 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Navient by 22.9% in the first quarter. Allianz Asset Management GmbH now owns 2,641,958 shares of the credit services provider's stock valued at $45,019,000 after purchasing an additional 491,644 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Navient by 32.9% in the fourth quarter. AQR Capital Management LLC now owns 1,891,365 shares of the credit services provider's stock valued at $31,113,000 after purchasing an additional 467,779 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Navient in the first quarter valued at about $4,611,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Navient by 926.9% in the first quarter. Cubist Systematic Strategies LLC now owns 298,571 shares of the credit services provider's stock valued at $4,774,000 after purchasing an additional 269,497 shares in the last quarter. 97.14% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Mark L. Heleen sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $17.20, for a total value of $172,000.00. Following the transaction, the executive vice president now owns 385,577 shares of the company's stock, valued at $6,631,924.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 26.93% of the stock is owned by company insiders.

Navient Stock Performance

NASDAQ NAVI traded down $0.21 during trading on Friday, reaching $16.44. 529,822 shares of the company's stock were exchanged, compared to its average volume of 897,962. The business has a 50 day moving average price of $16.54 and a 200-day moving average price of $17.15. The stock has a market capitalization of $1.85 billion, a P/E ratio of 9.24 and a beta of 1.38. The company has a debt-to-equity ratio of 19.35, a current ratio of 13.64 and a quick ratio of 13.63. Navient Co. has a fifty-two week low of $14.10 and a fifty-two week high of $19.69.

Navient (NASDAQ:NAVI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.07). The business had revenue of $193.00 million for the quarter, compared to analyst estimates of $210.76 million. Navient had a return on equity of 14.17% and a net margin of 4.72%. Sell-side analysts forecast that Navient Co. will post 2.2 earnings per share for the current fiscal year.

Navient Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Thursday, February 29th. Navient's payout ratio is 35.96%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stephens lowered Navient from an "equal weight" rating to an "underweight" rating and set a $16.00 price target on the stock. in a report on Tuesday, January 2nd. JPMorgan Chase & Co. raised Navient from an "underweight" rating to a "neutral" rating and lowered their target price for the company from $18.00 to $17.00 in a research report on Wednesday, April 3rd. Citigroup lifted their target price on Navient from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Navient in a research report on Wednesday, January 10th. They issued a "hold" rating and a $19.00 target price on the stock. Finally, TD Cowen downgraded Navient from a "market perform" rating to an "underperform" rating and lowered their target price for the company from $17.00 to $15.00 in a research report on Monday, January 8th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $16.67.

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.