Navient Corp (NASDAQ:NAVI) has been given an average rating of “Hold” by the fifteen brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $17.78.
A number of brokerages have weighed in on NAVI. Zacks Investment Research cut shares of Navient from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. BidaskClub upgraded shares of Navient from a “strong sell” rating to a “sell” rating in a report on Friday, March 9th. ValuEngine downgraded shares of Navient from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Jefferies Group reiterated a “hold” rating and issued a $15.00 target price on shares of Navient in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. downgraded shares of Navient from a “neutral” rating to an “underweight” rating in a research note on Friday, January 12th.
In related news, SVP Stephen M. Hauber sold 17,423 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $14.40, for a total transaction of $250,891.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.68% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in shares of Navient in the 3rd quarter worth $121,000. Advisors Asset Management Inc. grew its stake in shares of Navient by 84.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock worth $153,000 after buying an additional 4,642 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of Navient in the 4th quarter worth $141,000. Gotham Asset Management LLC purchased a new position in shares of Navient in the 4th quarter worth $154,000. Finally, First Allied Advisory Services Inc. purchased a new position in shares of Navient in the 4th quarter worth $148,000. Institutional investors own 97.87% of the company’s stock.
Shares of Navient (NAVI) traded down $0.10 on Friday, reaching $13.37. 320,308 shares of the company’s stock were exchanged, compared to its average volume of 2,852,622. The stock has a market capitalization of $3,558.38, a PE ratio of 13.30, a PEG ratio of 1.18 and a beta of 2.29. The company has a current ratio of 22.35, a quick ratio of 22.35 and a debt-to-equity ratio of 30.13. Navient has a twelve month low of $11.48 and a twelve month high of $16.97.
Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $362.33 million. Navient had a net margin of 5.94% and a return on equity of 13.90%. During the same quarter in the prior year, the company earned $0.43 earnings per share. sell-side analysts forecast that Navient will post 1.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.64 annualized dividend and a dividend yield of 4.79%. Navient’s dividend payout ratio is presently 63.37%.
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Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).
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