Keefe, Bruyette & Woods Issues Pessimistic Forecast for Navient (NASDAQ:NAVI) Stock Price

Navient (NASDAQ:NAVI - Free Report) had its target price lowered by Keefe, Bruyette & Woods from $16.00 to $14.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a market perform rating on the credit services provider's stock.

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

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Navient Stock Performance

NAVI traded down $0.01 on Monday, reaching $12.62. The stock had a trading volume of 537,373 shares, compared to its average volume of 784,155. The business's 50-day moving average price is $13.70 and its two-hundred day moving average price is $14.40. The company has a current ratio of 9.48, a quick ratio of 9.49 and a debt-to-equity ratio of 16.35. Navient has a 12-month low of $12.36 and a 12-month high of $17.56. The company has a market cap of $1.29 billion, a P/E ratio of 10.88 and a beta of 1.36.

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 return on equity of 6.69% and a net margin of 2.96%. Sell-side analysts forecast that Navient will post 1.04 earnings per share for the current year.

Navient Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.16 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.64 annualized dividend and a yield of 5.07%. Navient's dividend payout ratio (DPR) is 55.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Navient by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,092,270 shares of the credit services provider's stock worth $17,028,000 after purchasing an additional 19,606 shares during the last quarter. Cerity Partners LLC raised its stake in Navient by 82.7% in the third quarter. Cerity Partners LLC now owns 38,323 shares of the credit services provider's stock valued at $597,000 after buying an additional 17,349 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Navient during the 3rd quarter worth about $511,000. Verition Fund Management LLC boosted its position in shares of Navient by 137.2% during the 3rd quarter. Verition Fund Management LLC now owns 33,653 shares of the credit services provider's stock worth $525,000 after acquiring an additional 19,465 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of Navient in the 3rd quarter valued at about $174,000. Institutional investors and hedge funds own 97.14% of the company's stock.

About Navient

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.