Amundi Grows Holdings in Navient Co. (NASDAQ:NAVI)

Amundi boosted its stake in shares of Navient Co. (NASDAQ:NAVI - Free Report) by 186.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,069 shares of the credit services provider's stock after buying an additional 24,779 shares during the quarter. Amundi's holdings in Navient were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NAVI. KBC Group NV raised its position in Navient by 47.0% during the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider's stock worth $68,000 after acquiring an additional 1,392 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Navient by 12.6% during the 3rd quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider's stock worth $221,000 after purchasing an additional 1,587 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in Navient by 4.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 47,774 shares of the credit services provider's stock valued at $635,000 after buying an additional 2,190 shares in the last quarter. Natixis Advisors LLC grew its holdings in Navient by 13.7% during the 3rd quarter. Natixis Advisors LLC now owns 18,192 shares of the credit services provider's stock valued at $284,000 after buying an additional 2,194 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Navient by 0.9% during the fourth quarter. Principal Financial Group Inc. now owns 374,879 shares of the credit services provider's stock worth $4,982,000 after buying an additional 3,445 shares in the last quarter. 97.14% of the stock is owned by hedge funds and other institutional investors.

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Navient Stock Up 0.8 %

Shares of NAVI stock traded up $0.10 during trading hours on Monday, reaching $13.43. The company had a trading volume of 534,800 shares, compared to its average volume of 753,961. The company has a market capitalization of $1.37 billion, a P/E ratio of 11.58 and a beta of 1.36. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48. Navient Co. has a twelve month low of $12.73 and a twelve month high of $17.56. The stock's fifty day simple moving average is $13.80 and its 200 day simple moving average is $14.52.

Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.69%. As a group, sell-side analysts expect that Navient Co. will post 1.04 earnings per share for the current fiscal year.

Navient Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 4.77%. Navient's dividend payout ratio is presently 55.17%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NAVI shares. Seaport Res Ptn raised shares of Navient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. StockNews.com lowered Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Bank of America lowered their price objective on Navient from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, December 24th. Finally, JPMorgan Chase & Co. reduced their target price on Navient from $15.00 to $13.50 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Navient presently has an average rating of "Hold" and a consensus price target of $13.90.

Navient Company 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.