Navient (NASDAQ:NAVI) Trading Down 2.3% - What's Next?

Navient Co. (NASDAQ:NAVI - Get Free Report)'s stock price dropped 2.3% on Thursday . The stock traded as low as $13.17 and last traded at $13.21. Approximately 325,217 shares traded hands during trading, a decline of 60% from the average daily volume of 807,172 shares. The stock had previously closed at $13.52.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NAVI. JPMorgan Chase & Co. decreased their target price on shares of Navient from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Monday, December 9th. TD Cowen lowered their price objective on shares of Navient from $14.00 to $13.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. StockNews.com upgraded shares of Navient from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Bank of America lowered their price target on Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Barclays raised their price objective on Navient from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $15.50.

Navient Stock Down 1.4 %

The company has a market cap of $1.43 billion, a price-to-earnings ratio of 19.32 and a beta of 1.40. The firm has a 50-day moving average price of $14.94 and a 200 day moving average price of $15.14. The company has a debt-to-equity ratio of 16.59, a current ratio of 9.49 and a quick ratio of 9.49.

Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $0.25 by $1.20. Navient had a return on equity of 8.62% and a net margin of 1.71%. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $150.04 million. During the same quarter last year, the business earned $0.84 EPS. Sell-side analysts predict that Navient Co. will post 2.47 EPS for the current year.

Navient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend was Friday, December 6th. Navient's dividend payout ratio is currently 92.75%.

Insider Transactions at Navient

In other news, EVP Stephen M. Hauber sold 10,000 shares of the stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 27.99% of the company's stock.

Institutional Investors Weigh In On Navient

Several institutional investors and hedge funds have recently bought and sold shares of the company. Donald Smith & CO. Inc. boosted its holdings in shares of Navient by 27.8% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,581,311 shares of the credit services provider's stock valued at $55,833,000 after purchasing an additional 779,973 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Navient by 12.1% during the 2nd quarter. American Century Companies Inc. now owns 1,582,928 shares of the credit services provider's stock worth $23,047,000 after buying an additional 171,160 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Navient by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,092,270 shares of the credit services provider's stock valued at $17,028,000 after buying an additional 19,606 shares in the last quarter. Wellington Management Group LLP grew its position in Navient by 0.9% in the third quarter. Wellington Management Group LLP now owns 892,828 shares of the credit services provider's stock valued at $13,919,000 after acquiring an additional 8,117 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Navient by 5.4% during the third quarter. Empowered Funds LLC now owns 444,467 shares of the credit services provider's stock worth $6,929,000 after acquiring an additional 22,646 shares in the last quarter. Institutional investors own 97.14% of the company's stock.

Navient Company 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.