Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.
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Industry, Sector and Symbol
Industry Security brokers & dealers
Sub-IndustryN/A
SectorFinance
Phone302-283-8000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$5.61 billion
Profitability
Miscellaneous
Employees6,500
Next Earnings Date10/22/2019 (Estimated)
OptionableOptionable
Navient (NASDAQ:NAVI) Frequently Asked Questions
What is Navient's stock symbol?
Navient trades on the NASDAQ under the ticker symbol "NAVI."
How often does Navient pay dividends? What is the dividend yield for Navient?
Navient declared a quarterly dividend on Thursday, August 8th. Shareholders of record on Friday, September 6th will be given a dividend of $0.16 per share on Friday, September 20th. This represents a $0.64 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Thursday, September 5th. View Navient's Dividend History.
How will Navient's stock buyback program work?
Navient declared that its Board of Directors has authorized a share buyback plan on Thursday, October 5th 2017, which allows the company to repurchase outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
How were Navient's earnings last quarter?
Navient Corp (NASDAQ:NAVI) released its quarterly earnings data on Tuesday, July, 23rd. The credit services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.54 by $0.20. The credit services provider had revenue of $296 million for the quarter, compared to the consensus estimate of $296.50 million. Navient had a return on equity of 16.82% and a net margin of 8.14%. The firm's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. View Navient's Earnings History.
When is Navient's next earnings date?
What price target have analysts set for NAVI?
7 Wall Street analysts have issued 12 month price targets for Navient's shares. Their forecasts range from $14.50 to $18.00. On average, they anticipate Navient's share price to reach $16.20 in the next year. This suggests a possible upside of 23.4% from the stock's current price. View Analyst Price Targets for Navient.
What is the consensus analysts' recommendation for Navient?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Navient in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Navient.
Has Navient been receiving favorable news coverage?
News headlines about NAVI stock have trended negative on Sunday, according to InfoTrie. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Navient earned a news impact score of -2.3 on InfoTrie's scale. They also gave media stories about the credit services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Navient.
Are investors shorting Navient?
Navient saw a drop in short interest in July. As of July 15th, there was short interest totalling 10,494,500 shares, a drop of 7.9% from the June 15th total of 11,395,800 shares. Based on an average daily trading volume, of 1,670,000 shares, the short-interest ratio is currently 6.3 days. Currently, 4.4% of the company's shares are sold short. View Navient's Current Options Chain.
Who are some of Navient's key competitors?
Some companies that are related to Navient include Nomura (NMR), Raymond James (RJF), SEI Investments (SEIC), Jefferies Financial Group (JEF), Stifel Financial (SF), Virtu Financial (VIRT), Futu (FHL), Waddell & Reed Financial (WDR), Piper Jaffray Companies (PJC), Wisdom Tree Investments (WETF), Associated Capital Group (AC), Freedom (FRHC), Gamco Investors (GBL), Cowen (COWN) and Oppenheimer (OPY).
What other stocks do shareholders of Navient own?
Who are Navient's key executives?
Navient's management team includes the folowing people:
- Mr. John F. Remondi, Pres, CEO & Director (Age 56)
- Mr. Christian M. Lown, CFO & Exec. VP (Age 49)
- Mr. Stephen M. Hauber, Chief Risk & Compliance Officer (Age 44)
- Mr. Mark L. Heleen, Chief Legal Officer, Sec. & Exec. VP (Age 56)
- Mr. John M. Kane, Group Pres of Bus. Processing Solutions (Age 50)
Who are Navient's major shareholders?
Navient's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.32%), Barrow Hanley Mewhinney & Strauss LLC (9.48%), BlackRock Inc. (9.14%), LSV Asset Management (3.08%), Prudential Financial Inc. (1.85%) and Invesco Ltd. (1.76%). Company insiders that own Navient stock include Canyon Capital Advisors Llc, Christian M Lown, John M Kane and Stephen M Hauber. View Institutional Ownership Trends for Navient.
Which institutional investors are selling Navient stock?
NAVI stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, BlackRock Inc., D. E. Shaw & Co. Inc., Capital Fund Management S.A., Vanguard Group Inc., Russell Investments Group Ltd., Morgan Stanley and Man Group plc. Company insiders that have sold Navient company stock in the last year include Canyon Capital Advisors Llc and Stephen M Hauber. View Insider Buying and Selling for Navient.
Which institutional investors are buying Navient stock?
NAVI stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Cooperman Leon G, Nuveen Asset Management LLC, WBI Investments Inc., Prudential Financial Inc., First Trust Advisors LP, Skandinaviska Enskilda Banken AB publ and Crestline Management LP. View Insider Buying and Selling for Navient.
How do I buy shares of Navient?
Shares of NAVI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Navient's stock price today?
One share of NAVI stock can currently be purchased for approximately $13.13.
How big of a company is Navient?
Navient has a market capitalization of $3.03 billion and generates $5.61 billion in revenue each year. The credit services provider earns $395 million in net income (profit) each year or $2.09 on an earnings per share basis. Navient employs 6,500 workers across the globe.View Additional Information About Navient.
What is Navient's official website?
How can I contact Navient?
Navient's mailing address is 123 JUSTISON STREET, WILMINGTON DE, 19801. The credit services provider can be reached via phone at 302-283-8000 or via email at [email protected]
MarketBeat Community Rating for Navient (NASDAQ NAVI)
MarketBeat's community ratings are surveys of what our community members think about Navient and other stocks. Vote "Outperform" if you believe NAVI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NAVI will underperform the S&P 500 over the long term. You may vote once every thirty days.
