Navient Co. (NASDAQ:NAVI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.06 and traded as low as $13.04. Navient shares last traded at $13.08, with a volume of 961,755 shares changing hands.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on NAVI. StockNews.com raised shares of Navient from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Bank of America decreased their price objective on Navient from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, December 24th. JPMorgan Chase & Co. cut their target price on Navient from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. TD Cowen decreased their price target on Navient from $14.00 to $13.00 and set a "sell" rating for the company in a research note on Friday, November 1st. Finally, Barclays lifted their price objective on Navient from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Navient has a consensus rating of "Hold" and a consensus target price of $15.43.
Check Out Our Latest Analysis on NAVI
Navient Trading Down 1.0 %
The business has a fifty day moving average of $14.49 and a 200-day moving average of $15.04. The company has a debt-to-equity ratio of 16.59, a quick ratio of 9.49 and a current ratio of 9.49. The company has a market capitalization of $1.39 billion, a P/E ratio of 18.77 and a beta of 1.43.
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, beating analysts' consensus estimates of $0.25 by $1.20. Navient had a net margin of 1.71% and a return on equity of 8.62%. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $150.04 million. During the same period last year, the company earned $0.84 earnings per share. Analysts anticipate that Navient Co. will post 2.47 earnings per share for the current fiscal year.
Navient Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.94%. Navient's dividend payout ratio is presently 92.75%.
Insider Buying and Selling
In related news, EVP Stephen M. Hauber sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 27.99% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of NAVI. KBC Group NV raised its holdings in shares of Navient by 47.0% in the 3rd quarter. KBC Group NV now owns 4,355 shares of the credit services provider's stock worth $68,000 after purchasing an additional 1,392 shares during the period. nVerses Capital LLC purchased a new stake in Navient in the third quarter worth $87,000. Harbor Capital Advisors Inc. bought a new stake in shares of Navient in the third quarter valued at $95,000. Covestor Ltd lifted its position in shares of Navient by 24.6% during the 3rd quarter. Covestor Ltd now owns 7,360 shares of the credit services provider's stock valued at $115,000 after buying an additional 1,455 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Navient during the 2nd quarter worth $121,000. Institutional investors 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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