Navient Co. (NASDAQ:NAVI) Stock Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in Navient Co. (NASDAQ:NAVI) by 10.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,848 shares of the credit services provider’s stock after selling 1,386 shares during the period. Mutual of America Capital Management LLC’s holdings in Navient were worth $185,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IAG Wealth Partners LLC bought a new stake in shares of Navient in the 2nd quarter worth about $50,000. KBC Group NV grew its position in shares of Navient by 47.0% during the 3rd quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock valued at $68,000 after buying an additional 1,392 shares during the last quarter. Signaturefd LLC grew its position 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 buying an additional 869 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Navient during the 3rd quarter valued at about $87,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Navient during the 3rd quarter valued at about $95,000. Institutional investors own 97.14% of the company’s stock.

Insider Transactions at Navient

In other news, EVP Stephen M. Hauber sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the completion of the sale, the executive vice president now directly owns 256,883 shares of the company’s stock, valued at approximately $3,853,245. This represents a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 27.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NAVI shares. TD Cowen lowered their price objective 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. Bank of America started coverage on shares of Navient in a research report on Monday, September 30th. They set a “neutral” rating and a $17.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Navient from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Barclays boosted their price objective on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Finally, StockNews.com raised shares of Navient from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.75.

Navient Price Performance

NASDAQ NAVI opened at $15.58 on Friday. Navient Co. has a 52 week low of $13.71 and a 52 week high of $19.68. The company has a current ratio of 9.49, a quick ratio of 9.49 and a debt-to-equity ratio of 16.59. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 22.58 and a beta of 1.39. The company has a 50-day moving average price of $15.26 and a two-hundred day moving average price of $15.20.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $1.20. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates 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 business posted $0.84 EPS. Analysts forecast that Navient Co. will post 2.47 EPS for the current year.

Navient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Friday, December 6th. Navient’s dividend payout ratio is currently 92.75%.

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.