Steward Partners Investment Advisory LLC Takes $35,000 Position in Navient Co. (NASDAQ:NAVI)

Steward Partners Investment Advisory LLC acquired a new stake in Navient Co. (NASDAQ:NAVI – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,070 shares of the credit services provider’s stock, valued at approximately $35,000.

Other large investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its holdings in Navient by 3.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 21,043 shares of the credit services provider’s stock valued at $447,000 after purchasing an additional 619 shares during the last quarter. Full18 Capital LLC lifted its holdings in Navient by 1.9% during the 4th quarter. Full18 Capital LLC now owns 41,634 shares of the credit services provider’s stock valued at $820,000 after purchasing an additional 787 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Navient by 4.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,024 shares of the credit services provider’s stock valued at $446,000 after purchasing an additional 868 shares during the last quarter. Empowered Funds LLC lifted its holdings in Navient by 2.2% during the 1st quarter. Empowered Funds LLC now owns 93,420 shares of the credit services provider’s stock valued at $1,592,000 after purchasing an additional 1,978 shares during the last quarter. Finally, Covestor Ltd acquired a new stake in Navient during the 4th quarter valued at $57,000. Institutional investors and hedge funds own 80.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NAVI. Compass Point cut their price target on Navient to $15.00 in a report on Monday, July 25th. JPMorgan Chase & Co. downgraded Navient from a “neutral” rating to an “underweight” rating and cut their price target for the company from $21.00 to $17.00 in a report on Monday, April 11th. Keefe, Bruyette & Woods lowered their price objective on Navient from $18.00 to $17.00 in a research report on Monday, July 11th. Barclays lowered their price objective on Navient from $25.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, July 11th. Finally, Citigroup increased their price objective on Navient from $16.00 to $18.00 in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.86.

Navient Stock Up 0.1 %

Shares of NASDAQ NAVI opened at $16.13 on Friday. The company has a debt-to-equity ratio of 23.14, a quick ratio of 15.69 and a current ratio of 15.69. Navient Co. has a 52 week low of $12.45 and a 52 week high of $23.80. The stock has a market capitalization of $2.29 billion, a P/E ratio of 4.18 and a beta of 1.67. The stock’s fifty day moving average is $14.91 and its 200 day moving average is $16.32.

Navient (NASDAQ:NAVI – Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The credit services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. Navient had a return on equity of 12.79% and a net margin of 18.11%. During the same period in the previous year, the company earned $0.94 EPS. Sell-side analysts forecast that Navient Co. will post 3.41 earnings per share for the current fiscal year.

Navient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Thursday, June 2nd. Navient’s payout ratio is currently 16.58%.

Navient Profile

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Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing.