Shares of Navient Co. (NASDAQ:NAVI - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $12.78 and last traded at $12.82, with a volume of 86349 shares changing hands. The stock had previously closed at $13.05.
Analysts Set New Price Targets
Several analysts have issued reports on NAVI shares. JPMorgan Chase & Co. dropped their target price on Navient from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Monday, December 9th. Barclays upped their price objective on shares of Navient from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Tuesday, October 8th. Bank of America cut their price objective on shares of Navient from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, December 24th. StockNews.com upgraded shares of Navient from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Finally, TD Cowen cut their price target on shares of Navient from $14.00 to $13.00 and set a "sell" rating for the company in a report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $15.50.
View Our Latest Stock Analysis on Navient
Navient Price Performance
The business has a 50 day simple moving average of $14.79 and a 200-day simple moving average of $15.12. The company has a market capitalization of $1.39 billion, a P/E ratio of 18.81 and a beta of 1.40. The company has a quick ratio of 9.49, a current ratio of 9.49 and a debt-to-equity ratio of 16.59.
Navient (NASDAQ:NAVI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $1.20. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $150.04 million. Navient had a return on equity of 8.62% and a net margin of 1.71%. During the same period in the previous year, the firm posted $0.84 earnings per share. Analysts predict that Navient Co. will post 2.47 EPS for the current fiscal year.
Navient Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.16 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.64 annualized dividend and a dividend yield of 4.93%. Navient's dividend payout ratio is currently 92.75%.
Insider Transactions at Navient
In other Navient news, EVP Stephen M. Hauber sold 10,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00. Following the completion of the sale, the executive vice president now directly owns 256,883 shares of the company's stock, valued at approximately $3,853,245. This represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 27.99% of the company's stock.
Institutional Investors Weigh In On Navient
A number of large investors have recently made changes to their positions in NAVI. Quest Partners LLC raised its stake in Navient by 102,163.1% during the 2nd quarter. Quest Partners LLC now owns 85,901 shares of the credit services provider's stock valued at $1,251,000 after purchasing an additional 85,817 shares during the period. Intech Investment Management LLC purchased a new stake in Navient in the 3rd quarter worth about $1,398,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Navient during the 3rd quarter worth about $511,000. Marshall Wace LLP purchased a new position in Navient during the 2nd quarter valued at about $2,327,000. Finally, Barclays PLC increased its holdings in shares of Navient by 59.0% in the 3rd quarter. Barclays PLC now owns 284,130 shares of the credit services provider's stock valued at $4,429,000 after purchasing an additional 105,454 shares during the period. Institutional investors and hedge funds own 97.14% of the company's stock.
About Navient
(
Get Free Report)
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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