nVerses Capital LLC bought a new position in shares of Navient Co. (NASDAQ:NAVI – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,600 shares of the credit services provider’s stock, valued at approximately $87,000.
Other large investors also recently modified their holdings of the company. Creative Planning boosted its stake in Navient by 32.2% in the third quarter. Creative Planning now owns 55,387 shares of the credit services provider’s stock valued at $863,000 after buying an additional 13,497 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Navient by 2.7% in the third quarter. Wedge Capital Management L L P NC now owns 45,584 shares of the credit services provider’s stock valued at $711,000 after buying an additional 1,218 shares in the last quarter. SG Americas Securities LLC boosted its stake in Navient by 35.6% in the third quarter. SG Americas Securities LLC now owns 44,632 shares of the credit services provider’s stock valued at $696,000 after buying an additional 11,723 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Navient by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 46,534 shares of the credit services provider’s stock valued at $678,000 after buying an additional 722 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Navient by 15.4% in the second quarter. AQR Capital Management LLC now owns 240,209 shares of the credit services provider’s stock valued at $3,466,000 after buying an additional 31,983 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.
Navient Trading Down 0.6 %
Shares of NAVI stock opened at $15.73 on Monday. The company has a market cap of $1.76 billion, a P/E ratio of 10.08 and a beta of 1.39. The stock has a 50 day simple moving average of $15.65 and a two-hundred day simple moving average of $15.39. The company has a debt-to-equity ratio of 17.30, a quick ratio of 9.99 and a current ratio of 9.99. Navient Co. has a fifty-two week low of $13.95 and a fifty-two week high of $19.68.
Navient Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.07%. Navient’s dividend payout ratio (DPR) is presently 41.03%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Navient from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Bank of America assumed coverage on Navient in a research report on Monday, September 30th. They issued a “neutral” rating and a $17.00 target price for the company. Barclays increased their target price on Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on Navient from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Navient has a consensus rating of “Hold” and a consensus price target of $15.78.
View Our Latest Stock Analysis on Navient
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.
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