Navient Co. (NASDAQ:NAVI) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its position in Navient Co. (NASDAQ:NAVI - Free Report) by 84.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,455 shares of the credit services provider's stock after selling 18,317 shares during the period. Tower Research Capital LLC TRC's holdings in Navient were worth $46,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in Navient by 6.4% in the 4th quarter. American Century Companies Inc. now owns 1,822,583 shares of the credit services provider's stock valued at $24,222,000 after purchasing an additional 109,229 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Navient by 47.4% in the 4th 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in Navient by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,149,599 shares of the credit services provider's stock valued at $15,278,000 after purchasing an additional 10,788 shares in the last quarter. Marshall Wace LLP lifted its holdings in Navient by 1,043.8% in the 4th quarter. Marshall Wace LLP now owns 635,466 shares of the credit services provider's stock valued at $8,445,000 after purchasing an additional 579,909 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Navient by 51.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 555,634 shares of the credit services provider's stock valued at $7,384,000 after purchasing an additional 188,399 shares in the last quarter. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Navient Price Performance

NASDAQ NAVI remained flat at $13.76 during mid-day trading on Monday. 504,221 shares of the company traded hands, compared to its average volume of 771,142. Navient Co. has a 52-week low of $10.53 and a 52-week high of $16.97. The company has a 50-day moving average price of $12.45 and a two-hundred day moving average price of $13.59. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 11.86 and a beta of 1.38.

Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Navient had a net margin of 2.96% and a return on equity of 6.69%. The firm had revenue of $156.00 million for the quarter, compared to analyst estimates of $150.40 million. During the same quarter last year, the firm posted $0.47 earnings per share. On average, equities analysts forecast that Navient Co. will post 1.04 earnings per share for the current fiscal year.

Navient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.16 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.64 annualized dividend and a yield of 4.65%. Navient's payout ratio is 128.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Navient from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. TD Securities raised their target price on shares of Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their target price on shares of Navient from $16.00 to $14.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. Seaport Res Ptn raised shares of Navient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of Navient from $11.00 to $12.50 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $12.93.

Navient 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.