Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services. It holds the portfolio of education loans insured or guaranteed under the FFELP, as well as the portfolio of private education loans; and originates private education refinance loans. The company also services education loans owned by the United States Department of Education, financial institutions, and nonprofit education lenders. In addition, it offers asset recovery services for loans and receivables on behalf of guarantors of FFELP loans and higher education institutions. Further, the company provides asset recovery and other business processing services for federal, state, court, and municipal clients; public authorities; and health care organizations. Navient Corporation was founded in 1973 and is headquartered in Wilmington, Delaware.
Industry, Sector and Symbol
Industry Security brokers & dealers
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:NAVI
CUSIPN/A
Phone302-283-8000
Debt
Debt-to-Equity Ratio28.03
Current Ratio21.07
Quick Ratio21.07
Price-To-Earnings
Trailing P/E Ratio7.42
Forward P/E Ratio7.06
P/E Growth1.18
Sales & Book Value
Annual Sales$5.18 billion
Price / Sales0.68
Cash Flow$1.9851 per share
Price / Cash6.69
Book Value$13.25 per share
Price / Book1.00
Profitability
EPS (Most Recent Fiscal Year)$1.79
Net Income$292 million
Net Margins6.43%
Return on Equity13.91%
Return on Assets0.43%
Miscellaneous
Employees6,700
Outstanding Shares264,610,000
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 Wednesday, April 4th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.16 per share on Friday, June 15th. This represents a $0.64 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Thursday, May 31st. View Navient's Dividend History.
How will Navient's stock buyback program work?
Navient announced that its board has approved a share buyback program on Thursday, October 5th 2017, which authorizes the company to buyback outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.
How were Navient's earnings last quarter?
Navient Corp (NASDAQ:NAVI) issued its quarterly earnings data on Tuesday, April, 24th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The credit services provider earned $329 million during the quarter, compared to the consensus estimate of $313 million. Navient had a return on equity of 13.91% and a net margin of 6.43%. During the same period in the prior year, the company earned $0.37 EPS. View Navient's Earnings History.
When is Navient's next earnings date?
What price target have analysts set for NAVI?
11 equities research analysts have issued 1-year target prices for Navient's shares. Their predictions range from $14.00 to $20.00. On average, they expect Navient's stock price to reach $16.7188 in the next year. View Analyst Ratings for Navient.
Who are some of Navient's key competitors?
Some companies that are related to Navient include SEI Investments (SEIC), MarketAxess (MKTX), Virtu Financial (VIRT), Stifel Financial (SF), Wisdom Tree Investments (WETF), Waddell & Reed Financial (WDR), Piper Jaffray Companies (PJC), Associated Capital Group (AC), Gamco Investors (GBL), Investment Technology Group (ITG), Greenhill & Co., Inc. (GHL), Cowen Inc Class A (COWN), Oppenheimer (OPY), Siebert Financial (SIEB) and JMP Group (JMP).
Who are Navient's key executives?
Navient's management team includes the folowing people:
- Mr. John F. Remondi, Pres, CEO & Director (Age 55)
- Mr. Timothy J. Hynes IV, Exec. VP of Consumer Lending (Age 48)
- Mr. John M. Kane, Group Pres of Bus. Processing Solutions (Age 49)
- Mr. John F. Whorley Jr., Group Pres of Asset Management and Servicing (Age 56)
- Mr. Christian M. Lown, Exec. VP & CFO (Age 48)
Has Navient been receiving favorable news coverage?
News headlines about NAVI stock have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Navient earned a coverage optimism score of 0.10 on Accern's scale. They also assigned media headlines about the credit services provider an impact score of 46.17 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Navient's major shareholders?
Navient's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Barrow Hanley Mewhinney & Strauss LLC (10.59%), Canyon Capital Advisors LLC (7.61%), Boston Partners (6.74%), BlackRock Inc. (6.43%), Dimensional Fund Advisors LP (4.48%) and Prudential Financial Inc. (2.81%). Company insiders that own Navient stock include Bates Ann Torre, Christian M Lown, Gilleland Diane Suitt, John M Kane, Stephen M Hauber and William M Diefenderfer III. 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 Legal & General Group Plc, Barrow Hanley Mewhinney & Strauss LLC, JPMorgan Chase & Co., BlackRock Inc., Millennium Management LLC, UBS Group AG, Northern Trust Corp and Alps Advisors Inc.. Company insiders that have sold Navient company stock in the last year include John M Kane and Stephen M Hauber. View Insider Buying and Selling for Navient.
Which institutional investors are buying Navient stock?
NAVI stock was acquired by a variety of institutional investors in the last quarter, including Canyon Capital Advisors LLC, Eaton Vance Management, Prudential Financial Inc., EJF Capital LLC, Dimensional Fund Advisors LP, Robeco Institutional Asset Management B.V., Todd Asset Management LLC and Boston Partners. 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 $13.28.
How big of a company is Navient?
Navient has a market capitalization of $3.53 billion and generates $5.18 billion in revenue each year. The credit services provider earns $292 million in net income (profit) each year or $1.79 on an earnings per share basis. Navient employs 6,700 workers across the globe.
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 (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.
