Charles Schwab Investment Management Inc. Buys 2,778 Shares of Nelnet, Inc. (NYSE:NNI)

Charles Schwab Investment Management Inc. increased its stake in Nelnet, Inc. (NYSE:NNI - Free Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 201,969 shares of the credit services provider's stock after purchasing an additional 2,778 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.56% of Nelnet worth $21,572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc purchased a new position in shares of Nelnet during the 4th quarter worth $38,000. Blue Trust Inc. boosted its stake in shares of Nelnet by 1,293.1% during the 4th quarter. Blue Trust Inc. now owns 404 shares of the credit services provider's stock worth $46,000 after acquiring an additional 375 shares during the last quarter. FMR LLC boosted its stake in shares of Nelnet by 20.3% during the 3rd quarter. FMR LLC now owns 556 shares of the credit services provider's stock worth $63,000 after acquiring an additional 94 shares during the last quarter. Quest Partners LLC boosted its stake in shares of Nelnet by 34,283.3% during the 3rd quarter. Quest Partners LLC now owns 2,063 shares of the credit services provider's stock worth $234,000 after acquiring an additional 2,057 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of Nelnet by 7.4% during the 3rd quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider's stock worth $258,000 after acquiring an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 33.51% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Nelnet from a "hold" rating to a "buy" rating in a research note on Tuesday, March 4th.

Nelnet Stock Performance

Shares of Nelnet stock traded down $2.27 on Friday, hitting $111.74. 145,322 shares of the company's stock were exchanged, compared to its average volume of 61,402. The stock has a market capitalization of $4.06 billion, a PE ratio of 36.76 and a beta of 0.89. Nelnet, Inc. has a 1 year low of $90.68 and a 1 year high of $127.32. The company has a 50-day simple moving average of $112.62 and a 200-day simple moving average of $111.18. The company has a debt-to-equity ratio of 2.78, a quick ratio of 31.47 and a current ratio of 31.47.

Nelnet (NYSE:NNI - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The credit services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.23 by $0.21. The firm had revenue of $401.61 million for the quarter, compared to the consensus estimate of $335.00 million. Nelnet had a net margin of 5.54% and a return on equity of 3.78%. As a group, equities analysts anticipate that Nelnet, Inc. will post 4.52 EPS for the current year.

Nelnet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.12 annualized dividend and a dividend yield of 1.00%. Nelnet's payout ratio is 22.40%.

Nelnet Company Profile

Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.