Wellington Management Group LLP Purchases 423,013 Shares of Navient Co. (NASDAQ:NAVI)

Wellington Management Group LLP lifted its holdings in shares of Navient Co. (NASDAQ:NAVI - Free Report) by 47.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,315,841 shares of the credit services provider's stock after purchasing an additional 423,013 shares during the quarter. Wellington Management Group LLP owned 1.23% of Navient worth $17,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. raised its position in Navient by 6.4% during the fourth quarter. American Century Companies Inc. now owns 1,822,583 shares of the credit services provider's stock valued at $24,222,000 after purchasing an additional 109,229 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Navient by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,149,599 shares of the credit services provider's stock valued at $15,278,000 after buying an additional 10,788 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in 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 in the last quarter. Empowered Funds LLC boosted its stake in shares of Navient by 5.1% in the 4th quarter. Empowered Funds LLC now owns 467,232 shares of the credit services provider's stock valued at $6,210,000 after purchasing an additional 22,765 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in Navient by 43.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 395,948 shares of the credit services provider's stock worth $5,262,000 after purchasing an additional 119,317 shares in the last quarter. 97.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have 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. JPMorgan Chase & Co. dropped their price objective on shares of Navient from $13.50 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com lowered Navient from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Bank of America dropped their price objective on Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 24th. Finally, Keefe, Bruyette & Woods dropped their price target 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $13.00.

Navient Trading Up 1.7 %

Shares of NAVI stock traded up $0.19 on Monday, hitting $11.20. 14,879 shares of the company's stock traded hands, compared to its average volume of 819,320. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 9.63 and a beta of 1.24. The company's fifty day simple moving average is $13.16 and its 200 day simple moving average is $14.12. Navient Co. has a one year low of $10.53 and a one year high of $16.97.

Navient (NASDAQ:NAVI - Get Free Report) last issued its quarterly earnings data 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%. Equities analysts forecast that Navient Co. will post 1.04 EPS for the current 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 issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date was Friday, March 7th. Navient's dividend payout ratio (DPR) is presently 55.17%.

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.