Navient Corporation (NASDAQ:NAVI) Receives $12.93 Average PT from Analysts

Shares of Navient Corporation (NASDAQ:NAVI) have received a consensus recommendation of “Reduce” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $12.93.

A number of analysts recently issued reports on NAVI shares. Keefe, Bruyette & Woods decreased their price objective on shares of Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a report on Monday, March 31st. TD Cowen downgraded shares of Navient from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Navient from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Thursday, May 1st. TD Securities upped their price objective on Navient from $11.00 to $12.00 and gave the company a “sell” rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group reduced their price objective on Navient from $14.00 to $12.00 and set a “hold” rating for the company in a report on Monday, April 21st.

Navient Stock Up 0.7%

NAVI opened at $13.51 on Wednesday. Navient has a fifty-two week low of $10.53 and a fifty-two week high of $16.97. The firm has a market capitalization of $1.37 billion, a P/E ratio of 27.02 and a beta of 1.40. The company’s 50-day moving average is $12.92 and its 200 day moving average is $13.33. The company has a debt-to-equity ratio of 16.56, a current ratio of 9.88 and a quick ratio of 9.88.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Navient had a return on equity of 5.20% and a net margin of 1.37%. The business had revenue of $156.00 million for the quarter, compared to analysts’ expectations of $150.40 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Research analysts expect that Navient will post 1.04 earnings per share for the current fiscal year.

Navient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Friday, June 6th. Navient’s payout ratio is currently 128.00%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jupiter Asset Management Ltd. raised its stake in shares of Navient by 43.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 395,948 shares of the credit services provider’s stock valued at $5,262,000 after purchasing an additional 119,317 shares during the period. Aigen Investment Management LP purchased a new stake in Navient in the 4th quarter worth approximately $258,000. Bank of America Corp DE boosted its holdings in Navient by 69.4% in the 4th quarter. Bank of America Corp DE now owns 667,372 shares of the credit services provider’s stock valued at $8,869,000 after purchasing an additional 273,483 shares during the period. Two Sigma Investments LP grew its position in shares of Navient by 39.0% during the 4th quarter. Two Sigma Investments LP now owns 130,046 shares of the credit services provider’s stock valued at $1,728,000 after purchasing an additional 36,498 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Navient by 19.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 192,867 shares of the credit services provider’s stock valued at $2,563,000 after purchasing an additional 30,798 shares in the last quarter. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

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.