168,960 Shares in Navient Co. (NASDAQ:NAVI) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new stake in Navient Co. (NASDAQ:NAVI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 168,960 shares of the credit services provider's stock, valued at approximately $2,245,000. ExodusPoint Capital Management LP owned approximately 0.16% of Navient as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NAVI. Headlands Technologies LLC boosted its position in shares of Navient by 757.3% in the 4th quarter. Headlands Technologies LLC now owns 14,737 shares of the credit services provider's stock worth $196,000 after purchasing an additional 13,018 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Navient by 47.4% in the fourth quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock worth $17,488,000 after acquiring an additional 423,013 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Navient by 51.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 555,634 shares of the credit services provider's stock worth $7,384,000 after acquiring an additional 188,399 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Navient by 143.0% during the fourth quarter. JPMorgan Chase & Co. now owns 356,405 shares of the credit services provider's stock valued at $4,737,000 after acquiring an additional 209,744 shares in the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of Navient by 93.2% in the 4th quarter. WINTON GROUP Ltd now owns 79,416 shares of the credit services provider's stock valued at $1,055,000 after purchasing an additional 38,303 shares during the last quarter. 97.14% of the stock is owned by hedge funds and other institutional investors.

Navient Stock Performance

NASDAQ:NAVI traded down $0.41 during mid-day trading on Friday, hitting $11.01. The company's stock had a trading volume of 594,582 shares, compared to its average volume of 795,212. The business's fifty day moving average is $13.16 and its two-hundred day moving average is $14.12. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 9.49 and a beta of 1.24. 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 Co. has a 1 year low of $10.53 and a 1 year high of $16.97.

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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.64 annualized dividend and a yield of 5.81%. Navient's dividend payout ratio (DPR) is currently 55.17%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NAVI. Keefe, Bruyette & Woods dropped 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. Bank of America cut their target price on Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 24th. Seaport Res Ptn raised Navient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. StockNews.com downgraded Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Navient from $13.50 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Navient has a consensus rating of "Hold" and an average target price of $13.00.

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.