SG Americas Securities LLC Lowers Stake in Navient Co. (NASDAQ:NAVI)

SG Americas Securities LLC trimmed its position in Navient Co. (NASDAQ:NAVI) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,838 shares of the credit services provider’s stock after selling 4,794 shares during the quarter. SG Americas Securities LLC’s holdings in Navient were worth $529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wedge Capital Management L L P NC raised its holdings in Navient by 4.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 47,774 shares of the credit services provider’s stock valued at $635,000 after buying an additional 2,190 shares during the period. Barclays PLC increased its position in shares of Navient by 59.0% in the third quarter. Barclays PLC now owns 284,130 shares of the credit services provider’s stock worth $4,429,000 after acquiring an additional 105,454 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Navient in the 3rd quarter valued at $256,000. Wellington Management Group LLP lifted its holdings in shares of Navient by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 892,828 shares of the credit services provider’s stock valued at $13,919,000 after acquiring an additional 8,117 shares in the last quarter. Finally, Stadium Capital Management LLC boosted its position in Navient by 6.7% during the 3rd quarter. Stadium Capital Management LLC now owns 340,170 shares of the credit services provider’s stock worth $5,303,000 after purchasing an additional 21,385 shares during the period. 97.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Navient

In other Navient news, EVP Stephen M. Hauber sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. 27.99% of the stock is owned by corporate insiders.

Navient Stock Performance

Shares of NAVI opened at $13.67 on Friday. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 11.78 and a beta of 1.43. The company has a quick ratio of 9.49, a current ratio of 9.49 and a debt-to-equity ratio of 16.59. The business’s 50 day moving average is $14.17 and its two-hundred day moving average is $14.99. Navient Co. has a 52-week low of $12.73 and a 52-week high of $17.86.

Navient (NASDAQ:NAVI) last posted its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.64%. Analysts forecast that Navient Co. will post 1.22 EPS for the current fiscal year.

Navient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.16 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.68%. Navient’s dividend payout ratio (DPR) is 55.17%.

Analyst Upgrades and Downgrades

NAVI has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on Navient from $15.00 to $13.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. StockNews.com lowered Navient from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America decreased their price target on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Barclays lifted their price objective on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, October 8th. Finally, TD Cowen decreased their target price on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Navient currently has an average rating of “Hold” and an average target price of $14.58.

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.