Natixis Advisors LLC Sells 18,445 Shares of Navient Co. (NASDAQ:NAVI)

Natixis Advisors LLC lowered its holdings in Navient Co. (NASDAQ:NAVI) by 53.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,998 shares of the credit services provider’s stock after selling 18,445 shares during the period. Natixis Advisors LLC’s holdings in Navient were worth $233,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NAVI. Allspring Global Investments Holdings LLC acquired a new stake in Navient during the first quarter worth about $36,000. IAG Wealth Partners LLC acquired a new position in Navient during the second quarter worth about $50,000. Signaturefd LLC lifted its holdings in shares of Navient by 22.1% in the second quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider’s stock worth $70,000 after acquiring an additional 869 shares during the last quarter. Covestor Ltd grew its holdings in shares of 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 last quarter. Finally, Boulder Hill Capital Management LP acquired a new position in Navient during the 4th quarter worth approximately $188,000. 97.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NAVI shares. JPMorgan Chase & Co. decreased their price target on shares of Navient from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, July 8th. Barclays decreased their price target on Navient from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Navient from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.56.

Navient Trading Up 2.0 %

Shares of NAVI opened at $15.77 on Friday. The firm has a market cap of $1.76 billion, a P/E ratio of 10.11 and a beta of 1.39. Navient Co. has a fifty-two week low of $13.95 and a fifty-two week high of $19.68. The company has a debt-to-equity ratio of 17.30, a quick ratio of 9.99 and a current ratio of 9.99. The business has a 50-day moving average of $15.44 and a 200 day moving average of $15.60.

Navient (NASDAQ:NAVI) last announced its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.14). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $157.27 million. Navient had a net margin of 3.41% and a return on equity of 11.06%. During the same quarter last year, the firm posted $0.70 earnings per share. As a group, research analysts forecast that Navient Co. will post 1.43 EPS for the current year.

Navient Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.06%. Navient’s dividend payout ratio is presently 41.03%.

Navient 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.