Navient Co. (NASDAQ:NAVI) Stock Holdings Trimmed by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its position in shares of Navient Co. (NASDAQ:NAVIGet Rating) by 15.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,534 shares of the credit services provider’s stock after selling 2,632 shares during the quarter. Advisors Asset Management Inc.’s holdings in Navient were worth $203,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. New York State Common Retirement Fund increased its position in shares of Navient by 22.6% during the 1st quarter. New York State Common Retirement Fund now owns 142,812 shares of the credit services provider’s stock valued at $2,434,000 after purchasing an additional 26,342 shares during the period. Teacher Retirement System of Texas increased its position in shares of Navient by 2.6% during the 1st quarter. Teacher Retirement System of Texas now owns 33,370 shares of the credit services provider’s stock valued at $569,000 after purchasing an additional 856 shares during the period. American Century Companies Inc. increased its position in shares of Navient by 26.3% during the 1st quarter. American Century Companies Inc. now owns 602,475 shares of the credit services provider’s stock valued at $10,266,000 after purchasing an additional 125,557 shares during the period. Westpac Banking Corp increased its position in shares of Navient by 8.3% during the 1st quarter. Westpac Banking Corp now owns 53,554 shares of the credit services provider’s stock valued at $913,000 after purchasing an additional 4,094 shares during the period. Finally, Advisor Group Holdings Inc. increased its position in shares of Navient by 108.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 32,330 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 16,836 shares during the period. 93.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NAVI shares. Credit Suisse Group lowered their price target on Navient to $14.00 in a research report on Thursday, October 27th. Jefferies Financial Group decreased their target price on Navient from $24.00 to $18.00 in a report on Tuesday, October 18th. Citigroup decreased their target price on Navient from $18.00 to $15.00 in a report on Thursday, October 13th. Compass Point decreased their target price on Navient to $12.50 in a report on Tuesday, September 20th. Finally, StockNews.com upgraded Navient from a “hold” rating to a “buy” rating in a report on Tuesday, November 8th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.17.

Navient Stock Performance

Shares of Navient stock opened at $16.03 on Tuesday. The stock has a market cap of $2.17 billion, a PE ratio of 4.49 and a beta of 1.55. The business has a fifty day simple moving average of $14.87 and a 200-day simple moving average of $15.14. The company has a quick ratio of 12.32, a current ratio of 12.32 and a debt-to-equity ratio of 21.53. Navient Co. has a 12 month low of $12.45 and a 12 month high of $22.59.

Navient (NASDAQ:NAVIGet Rating) last issued its earnings results on Tuesday, October 25th. The credit services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business had revenue of $247.00 million during the quarter, compared to analyst estimates of $279.19 million. Navient had a return on equity of 10.97% and a net margin of 15.08%. On average, sell-side analysts anticipate that Navient Co. will post 3.39 EPS for the current fiscal year.

Navient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, December 1st. This represents a $0.64 dividend on an annualized basis and a yield of 3.99%. Navient’s payout ratio is 17.93%.

Navient Company 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.

Further Reading

Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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