International Assets Investment Management LLC Buys 8,810 Shares of Navient Co. (NASDAQ:NAVI)

International Assets Investment Management LLC raised its holdings in Navient Co. (NASDAQ:NAVI) by 1,762.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,310 shares of the credit services provider’s stock after acquiring an additional 8,810 shares during the quarter. International Assets Investment Management LLC’s holdings in Navient were worth $173,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. CWM LLC grew its position in Navient by 314.6% in the 3rd quarter. CWM LLC now owns 2,193 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 1,664 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Navient by 13.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider’s stock valued at $90,000 after acquiring an additional 607 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Navient by 367.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,795 shares of the credit services provider’s stock valued at $117,000 after acquiring an additional 5,342 shares during the last quarter. CI Investments Inc. grew its position in Navient by 5,209.1% in the 3rd quarter. CI Investments Inc. now owns 9,291 shares of the credit services provider’s stock valued at $160,000 after acquiring an additional 9,116 shares during the last quarter. Finally, Dimension Capital Management LLC bought a new stake in Navient during the 3rd quarter valued at $195,000. Institutional investors own 97.14% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark L. Heleen sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $17.20, for a total value of $172,000.00. Following the sale, the executive vice president now owns 385,577 shares in the company, valued at $6,631,924.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 27.99% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on NAVI shares. Barclays cut their price target on Navient from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday. StockNews.com cut shares of Navient from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Citigroup boosted their price objective on shares of Navient from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft started coverage on Navient in a research report on Wednesday, January 10th. They set a “hold” rating and a $19.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.10.

Navient Stock Down 0.3 %

Navient stock opened at $15.72 on Monday. Navient Co. has a fifty-two week low of $14.10 and a fifty-two week high of $19.69. The company has a market cap of $1.76 billion, a PE ratio of 10.08 and a beta of 1.38. The company has a debt-to-equity ratio of 18.38, a quick ratio of 13.63 and a current ratio of 12.52. The business’s 50-day simple moving average is $16.54 and its two-hundred day simple moving average is $17.08.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. The company had revenue of $163.00 million for the quarter, compared to the consensus estimate of $188.04 million. Navient had a net margin of 3.93% and a return on equity of 12.09%. Equities analysts anticipate that Navient Co. will post 1.64 EPS for the current year.

Navient Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Thursday, February 29th. Navient’s payout ratio is 41.03%.

About Navient

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.