Invesco Ltd. Sells 70,439 Shares of Navient Co. (NASDAQ:NAVI)

Invesco Ltd. lowered its position in Navient Co. (NASDAQ:NAVI - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 777,589 shares of the credit services provider's stock after selling 70,439 shares during the period. Invesco Ltd. owned about 0.72% of Navient worth $10,334,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Barclays PLC boosted its stake in shares of Navient by 59.0% in the third quarter. Barclays PLC now owns 284,130 shares of the credit services provider's stock worth $4,429,000 after acquiring an additional 105,454 shares during the period. Wedge Capital Management L L P NC boosted 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 worth $635,000 after purchasing an additional 2,190 shares during the period. EMC Capital Management grew its holdings in Navient by 2,193.7% during the 4th quarter. EMC Capital Management now owns 20,276 shares of the credit services provider's stock valued at $269,000 after buying an additional 19,392 shares in the last quarter. Empowered Funds LLC raised its position in shares of Navient by 5.1% during the fourth quarter. Empowered Funds LLC now owns 467,232 shares of the credit services provider's stock valued at $6,210,000 after buying an additional 22,765 shares during the last quarter. Finally, Entropy Technologies LP lifted its holdings in shares of Navient by 46.2% in the fourth quarter. Entropy Technologies LP now owns 21,526 shares of the credit services provider's stock worth $286,000 after buying an additional 6,800 shares in the last quarter. Hedge funds and other institutional investors own 97.14% of the company's stock.

Navient Stock Performance

NASDAQ NAVI opened at $11.45 on Wednesday. The business's 50 day moving average price is $12.82 and its 200-day moving average price is $13.92. Navient Co. has a fifty-two week low of $10.53 and a fifty-two week high of $16.97. The company has a market cap of $1.17 billion, a P/E ratio of 9.87 and a beta of 1.24. 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 (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 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%. Sell-side analysts predict that Navient Co. will post 1.04 earnings per share for the current year.

Navient Dividend Announcement

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 $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 5.59%. The ex-dividend date was Friday, March 7th. Navient's payout ratio is currently 55.17%.

Analyst Upgrades and Downgrades

NAVI has been the topic of a number of research reports. StockNews.com downgraded shares of Navient from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods decreased their target price on 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 dropped their price target on Navient from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, December 24th. Seaport Res Ptn raised Navient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered their target price on Navient from $13.50 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $12.83.

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.

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