Navient Co. (NASDAQ:NAVI) Stake Reduced by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in Navient Co. (NASDAQ:NAVI) by 24.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,050 shares of the credit services provider’s stock after selling 21,859 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of Navient worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in Navient by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,534 shares of the credit services provider’s stock worth $678,000 after purchasing an additional 722 shares in the last quarter. Signaturefd LLC increased its stake in Navient by 22.1% in the 2nd quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider’s stock worth $70,000 after purchasing an additional 869 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Navient by 2.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 45,584 shares of the credit services provider’s stock worth $711,000 after purchasing an additional 1,218 shares in the last quarter. KBC Group NV increased its stake in Navient by 47.0% in the 3rd quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 1,392 shares in the last quarter. Finally, Xponance Inc. increased its stake in Navient by 11.5% in the 2nd quarter. Xponance Inc. now owns 13,944 shares of the credit services provider’s stock worth $203,000 after purchasing an additional 1,440 shares in the last quarter. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Insider Buying and Selling

In related news, EVP Stephen M. Hauber sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 in the company, valued at approximately $3,853,245. The trade was a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 27.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NAVI shares. JPMorgan Chase & Co. dropped their price target on Navient from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Monday. TD Cowen lowered their target price on Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. StockNews.com raised Navient from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America assumed coverage on Navient in a research note on Monday, September 30th. They set a “neutral” rating and a $17.00 target price on the stock. Finally, Barclays lifted their target price on Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Navient has a consensus rating of “Hold” and an average target price of $15.63.

Navient Stock Up 0.4 %

Shares of Navient stock opened at $14.86 on Wednesday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 21.54 and a beta of 1.40. The company has a debt-to-equity ratio of 16.59, a current ratio of 9.49 and a quick ratio of 9.49. Navient Co. has a 52-week low of $13.71 and a 52-week high of $19.68. The stock has a 50-day simple moving average of $15.22 and a 200-day simple moving average of $15.18.

Navient (NASDAQ:NAVI) last announced its quarterly earnings results on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $1.20. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $150.04 million. Navient had a return on equity of 8.62% and a net margin of 1.71%. During the same period in the previous year, the company earned $0.84 EPS. On average, equities research analysts expect that Navient Co. will post 2.47 earnings per share for the current fiscal year.

Navient Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, December 6th. This represents a $0.64 annualized dividend and a dividend yield of 4.31%. Navient’s dividend payout ratio is 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.