LSV Asset Management Has $59.13 Million Stock Position in Navient Co. (NASDAQ:NAVI)

LSV Asset Management cut its holdings in Navient Co. (NASDAQ:NAVI - Free Report) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,449,225 shares of the credit services provider's stock after selling 408,364 shares during the quarter. LSV Asset Management owned approximately 4.14% of Navient worth $59,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in Navient by 47.4% during the 4th quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock valued at $17,488,000 after acquiring an additional 423,013 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 purchasing an additional 209,744 shares during the period. Prescott Group Capital Management L.L.C. bought a new position in shares of Navient in the fourth quarter worth about $2,525,000. Arrowstreet Capital Limited Partnership increased its holdings in Navient by 51.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 555,634 shares of the credit services provider's stock valued at $7,384,000 after acquiring an additional 188,399 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Navient during the 4th quarter valued at about $2,245,000. 97.14% of the stock is currently owned by institutional investors.

Navient Trading Down 0.3 %

Shares of NASDAQ NAVI traded down $0.03 during midday trading on Wednesday, hitting $11.24. The stock had a trading volume of 103,835 shares, compared to its average volume of 791,082. The company has a fifty day moving average price of $13.06 and a 200 day moving average price of $14.07. Navient Co. has a 1-year low of $10.53 and a 1-year high of $16.97. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 9.69 and a beta of 1.24.

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

Navient Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders 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 dividend yield of 5.69%. Navient's dividend payout ratio is currently 55.17%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NAVI. Keefe, Bruyette & Woods cut their price target on shares of Navient from $16.00 to $14.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Seaport Res Ptn upgraded shares of 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. TD Cowen raised shares of Navient from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 2nd. Finally, Bank of America dropped their price target 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Navient presently has an average rating of "Hold" and a consensus price target of $13.00.

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.