Aigen Investment Management LP acquired a new position in shares of Navient Co. (NASDAQ:NAVI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,384 shares of the credit services provider's stock, valued at approximately $258,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. KBC Group NV lifted its position in shares of Navient by 47.0% during the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider's stock valued at $68,000 after buying an additional 1,392 shares during the last quarter. Covestor Ltd raised its stake in shares of Navient by 24.6% during the 3rd quarter. Covestor Ltd now owns 7,360 shares of the credit services provider's stock worth $115,000 after acquiring an additional 1,455 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Navient during the 3rd quarter worth approximately $174,000. Quantinno Capital Management LP lifted its position in Navient by 12.6% during the third quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider's stock valued at $221,000 after acquiring an additional 1,587 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Navient by 22.2% in the third quarter. QRG Capital Management Inc. now owns 14,929 shares of the credit services provider's stock valued at $233,000 after acquiring an additional 2,716 shares in the last quarter. Institutional investors own 97.14% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on NAVI shares. Seaport Res Ptn raised Navient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price target on Navient from $15.00 to $13.50 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. StockNews.com lowered Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Bank of America lowered their target price on shares of Navient from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, December 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $13.90.
View Our Latest Stock Analysis on Navient
Navient Stock Performance
NASDAQ:NAVI traded down $0.28 during mid-day trading on Monday, hitting $13.91. The company's stock had a trading volume of 1,128,129 shares, compared to its average volume of 815,876. The business's fifty day moving average is $13.76 and its two-hundred day moving average is $14.72. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 11.99 and a beta of 1.36. Navient Co. has a 1 year low of $12.73 and a 1 year high of $17.56. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49.
Navient (NASDAQ:NAVI - Get Free Report) last issued its earnings results on Wednesday, January 29th. The credit services provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. Analysts anticipate that Navient Co. will post 1.04 EPS for the current fiscal year.
Navient Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Friday, March 7th. Navient's dividend payout ratio (DPR) is 55.17%.
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.
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