Navient (NASDAQ:NAVI) PT Lowered to $15.00

Navient (NASDAQ:NAVI) had its price objective decreased by Keefe, Bruyette & Woods from $17.00 to $15.00 in a research report released on Monday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the credit services provider’s stock.

Other equities analysts have also recently issued reports about the stock. TD Cowen lowered their price objective on shares of Navient from $14.00 to $13.00 and set a sell rating on the stock in a research report on Friday, April 26th. JPMorgan Chase & Co. lowered their price target on Navient from $17.00 to $16.00 and set a neutral rating on the stock in a report on Thursday, April 25th. Finally, Barclays reduced their price objective on Navient from $13.00 to $11.00 and set an underweight rating for the company in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $15.70.

Navient Stock Up 5.3 %

Shares of Navient stock opened at $14.83 on Monday. The company has a quick ratio of 12.52, a current ratio of 12.52 and a debt-to-equity ratio of 18.38. Navient has a 12-month low of $13.95 and a 12-month high of $19.69. The firm has a market capitalization of $1.66 billion, a PE ratio of 9.51 and a beta of 1.40. The stock’s fifty day moving average is $14.80 and its 200-day moving average is $16.14.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. Navient had a return on equity of 12.09% and a net margin of 3.93%. The firm had revenue of $163.00 million for the quarter, compared to the consensus estimate of $188.04 million. Equities analysts anticipate that Navient will post 1.65 earnings per share for the current year.

Navient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Friday, June 7th. Navient’s dividend payout ratio (DPR) is presently 41.03%.

Insider Activity at Navient

In other Navient news, EVP Mark L. Heleen sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $16.00, for a total value of $160,000.00. Following the completion of the sale, the executive vice president now directly owns 393,611 shares of the company’s stock, valued at $6,297,776. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in Navient during the 1st quarter worth $36,000. Covestor Ltd boosted its stake in Navient by 23.1% during the 1st quarter. Covestor Ltd now owns 6,245 shares of the credit services provider’s stock valued at $109,000 after purchasing an additional 1,173 shares during the period. International Assets Investment Management LLC grew its holdings in Navient by 1,762.0% in the 4th quarter. International Assets Investment Management LLC now owns 9,310 shares of the credit services provider’s stock valued at $173,000 after buying an additional 8,810 shares during the last quarter. Boulder Hill Capital Management LP bought a new position in Navient in the 4th quarter worth approximately $188,000. Finally, Dimension Capital Management LLC bought a new stake in shares of Navient in the third quarter valued at approximately $195,000. Institutional investors and hedge funds own 97.14% of the company’s stock.

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.