Vanguard Group Inc. reduced its holdings in shares of Navient Co. (NASDAQ:NAVI - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,106,031 shares of the credit services provider's stock after selling 125,739 shares during the quarter. Vanguard Group Inc. owned 8.48% of Navient worth $121,019,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Navient during the 4th quarter worth $167,000. AXQ Capital LP acquired a new position in Navient in the fourth quarter worth about $196,000. Quantinno Capital Management LP increased its holdings in Navient by 12.6% in the third quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider's stock valued at $221,000 after buying an additional 1,587 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Navient during the third quarter valued at approximately $256,000. Finally, Aigen Investment Management LP bought a new position in Navient during the 4th quarter worth approximately $258,000. Institutional investors and hedge funds own 97.14% of the company's stock.
Navient Price Performance
Shares of NASDAQ NAVI traded down $0.41 during mid-day trading on Friday, reaching $11.01. The company had a trading volume of 594,582 shares, compared to its average volume of 796,273. Navient Co. has a 1-year low of $10.53 and a 1-year high of $16.97. The stock has a market cap of $1.13 billion, a PE ratio of 9.49 and a beta of 1.24. The company has a current ratio of 9.48, a quick ratio of 9.49 and a debt-to-equity ratio of 16.35. The company has a 50-day moving average price of $13.16 and a two-hundred day moving average price of $14.12.
Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.69%. On average, equities analysts anticipate that Navient Co. will post 1.04 earnings per share for the current year.
Navient Announces Dividend
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 $0.16 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.81%. Navient's payout ratio is currently 55.17%.
Wall Street Analyst Weigh In
NAVI has been the topic of several research reports. Seaport Res Ptn raised Navient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. TD Cowen raised shares of Navient from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered their price target on shares of Navient from $13.50 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their target price on Navient from $16.00 to $14.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. Finally, Bank of America dropped their price target on shares of Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Navient has an average rating of "Hold" and a consensus target price of $13.00.
Check Out Our Latest Stock Analysis on NAVI
Navient Company Profile
(
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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