LSV Asset Management cut its holdings in Navient Co. (NASDAQ:NAVI - Free Report) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,686,619 shares of the credit services provider's stock after selling 167,936 shares during the period. LSV Asset Management owned 4.84% of Navient worth $105,885,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Navient by 314.6% during the third quarter. CWM LLC now owns 2,193 shares of the credit services provider's stock worth $38,000 after purchasing an additional 1,664 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Navient by 13.1% during the third quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider's stock worth $90,000 after purchasing an additional 607 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Navient by 367.7% during the third quarter. Exchange Traded Concepts LLC now owns 6,795 shares of the credit services provider's stock worth $117,000 after purchasing an additional 5,342 shares in the last quarter. CI Investments Inc. lifted its position in shares of Navient by 5,209.1% during the third quarter. CI Investments Inc. now owns 9,291 shares of the credit services provider's stock worth $160,000 after purchasing an additional 9,116 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Navient by 1,762.0% during the fourth quarter. International Assets Investment Management LLC now owns 9,310 shares of the credit services provider's stock worth $173,000 after purchasing an additional 8,810 shares in the last quarter. 97.14% of the stock is currently owned by institutional investors and hedge funds.
Navient Stock Performance
Shares of NAVI traded up $0.54 during mid-day trading on Friday, reaching $15.98. 870,843 shares of the company's stock were exchanged, compared to its average volume of 970,993. The company has a debt-to-equity ratio of 18.38, a current ratio of 12.52 and a quick ratio of 12.52. The stock has a market capitalization of $1.79 billion, a PE ratio of 10.24 and a beta of 1.39. The business's fifty day simple moving average is $16.47 and its 200-day simple moving average is $17.01. Navient Co. has a 52-week low of $14.10 and a 52-week high of $19.69.
Navient (NASDAQ:NAVI - Get Free Report) last announced its earnings results on Wednesday, April 24th. The credit services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The business had revenue of $163.00 million for 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, equities research analysts expect that Navient Co. will post 1.66 earnings per share for the current year.
Navient Dividend Announcement
The firm 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. The ex-dividend date was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.01%. Navient's dividend payout ratio (DPR) is presently 41.03%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on NAVI shares. 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 note on Thursday, April 25th. TD Cowen cut their target price on shares of Navient from $14.00 to $13.00 and set a "sell" rating on the stock in a research note on Friday, April 26th. Keefe, Bruyette & Woods cut their target price on shares of Navient from $19.00 to $17.00 and set a "market perform" rating on the stock in a research note on Thursday, April 25th. StockNews.com lowered shares of Navient from a "buy" rating to a "hold" rating in a research note on Thursday, February 1st. Finally, 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 note on Thursday, April 25th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $16.10.
Check Out Our Latest Stock Analysis on NAVI
About Navient
(
Free Report)
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.
Featured Articles
Before you consider Navient, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navient wasn't on the list.
While Navient currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
