Navient Co. (NASDAQ:NAVI) Receives $15.50 Consensus PT from Analysts

Shares of Navient Co. (NASDAQ:NAVI) have earned an average recommendation of “Reduce” from the eight analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.50.

Several analysts recently weighed in on NAVI shares. Bank of America dropped their price target on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on Navient from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Monday, December 9th. TD Cowen reduced their target price on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research report on Friday, November 1st. StockNews.com raised shares of Navient from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Barclays boosted their price objective on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th.

Insider Buying and Selling at Navient

In other Navient news, EVP Stephen M. Hauber sold 10,000 shares of Navient stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the transaction, the executive vice president now owns 256,883 shares in the company, valued at $3,853,245. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 27.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NAVI. Signaturefd LLC grew its holdings in shares of Navient by 22.1% during the 2nd quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider’s stock valued at $70,000 after purchasing an additional 869 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Navient by 0.9% during the second quarter. Victory Capital Management Inc. now owns 322,820 shares of the credit services provider’s stock worth $4,700,000 after buying an additional 2,991 shares in the last quarter. Quest Partners LLC lifted its stake in shares of Navient by 102,163.1% in the 2nd quarter. Quest Partners LLC now owns 85,901 shares of the credit services provider’s stock valued at $1,251,000 after acquiring an additional 85,817 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Navient by 12.1% during the 2nd quarter. American Century Companies Inc. now owns 1,582,928 shares of the credit services provider’s stock valued at $23,047,000 after acquiring an additional 171,160 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Navient by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 122,024 shares of the credit services provider’s stock worth $1,777,000 after acquiring an additional 4,095 shares during the last quarter. Institutional investors own 97.14% of the company’s stock.

Navient Price Performance

NASDAQ:NAVI opened at $13.05 on Wednesday. The firm’s fifty day moving average price is $14.89 and its two-hundred day moving average price is $15.13. 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 company has a market cap of $1.40 billion, a P/E ratio of 18.91 and a beta of 1.40. Navient has a one year low of $12.96 and a one year high of $18.94.

Navient (NASDAQ:NAVI) last released its quarterly earnings results on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $0.25 by $1.20. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $150.04 million. Navient had a net margin of 1.71% and a return on equity of 8.62%. During the same period in the prior year, the firm earned $0.84 EPS. Equities analysts expect that Navient will post 2.47 earnings per share for the current year.

Navient Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 annualized dividend and a dividend yield of 4.90%. Navient’s dividend payout ratio is 92.75%.

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.