Navient (NASDAQ:NAVI) Price Target Lowered to $13.50 at JPMorgan Chase & Co.

Navient (NASDAQ:NAVI) had its price target trimmed by JPMorgan Chase & Co. from $15.00 to $13.50 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the credit services provider’s stock.

A number of other research analysts have also issued reports on the stock. TD Cowen decreased their target price on shares of Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Barclays increased their price target on Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. StockNews.com raised Navient from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Bank of America cut their target price on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Navient has a consensus rating of “Hold” and a consensus price target of $14.58.

Navient Stock Performance

NAVI opened at $13.83 on Tuesday. The company has a debt-to-equity ratio of 16.59, a current ratio of 9.49 and a quick ratio of 9.49. The business has a fifty day simple moving average of $14.36 and a 200 day simple moving average of $15.01. Navient has a 1 year low of $12.73 and a 1 year high of $18.36. The company has a market capitalization of $1.48 billion, a PE ratio of 20.04 and a beta of 1.43.

Navient (NASDAQ:NAVI) last posted its earnings results on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $1.20. Navient had a return on equity of 8.62% and a net margin of 1.71%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $150.04 million. During the same quarter last year, the firm earned $0.84 earnings per share. Research analysts expect that Navient will post 2.45 EPS for the current year.

Navient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.63%. Navient’s dividend payout ratio (DPR) is currently 92.75%.

Insider Activity at Navient

In other news, EVP Stephen M. Hauber sold 10,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the completion of the transaction, the executive vice president now owns 256,883 shares of the company’s stock, valued at approximately $3,853,245. This represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Navient

Institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV boosted its position in Navient by 47.0% in the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock valued at $68,000 after buying an additional 1,392 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Navient during the 3rd quarter valued at $87,000. Harbor Capital Advisors Inc. bought a new stake in Navient during the 3rd quarter worth $95,000. Covestor Ltd increased its holdings in Navient by 24.6% in the 3rd quarter. Covestor Ltd now owns 7,360 shares of the credit services provider’s stock worth $115,000 after purchasing an additional 1,455 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Navient in the second quarter valued at about $121,000. 97.14% of the stock is currently owned by institutional investors and hedge funds.

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.