Amalgamated Bank Has $301,000 Stake in Navient Co. (NASDAQ:NAVI)

Amalgamated Bank decreased its position in Navient Co. (NASDAQ:NAVI) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,613 shares of the credit services provider’s stock after selling 881 shares during the quarter. Amalgamated Bank’s holdings in Navient were worth $301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV raised its stake in shares of Navient by 47.0% in the 3rd quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock valued at $68,000 after purchasing an additional 1,392 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Navient in the third quarter valued at about $95,000. Covestor Ltd increased its position in shares of Navient by 24.6% in the third quarter. Covestor Ltd now owns 7,360 shares of the credit services provider’s stock valued at $115,000 after acquiring an additional 1,455 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Navient in the third quarter valued at about $174,000. Finally, First Trust Direct Indexing L.P. increased its position in shares of Navient by 12.0% in the third quarter. First Trust Direct Indexing L.P. now owns 13,942 shares of the credit services provider’s stock valued at $217,000 after acquiring an additional 1,491 shares during the last quarter. Institutional investors and hedge funds own 97.14% of the company’s stock.

Wall Street Analysts Forecast Growth

NAVI has been the topic of a number of recent research reports. StockNews.com downgraded Navient from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Bank of America lowered their target price on Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. Seaport Res Ptn raised Navient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. reduced their price target on Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Navient presently has an average rating of “Hold” and an average target price of $13.90.

Navient Trading Down 3.2 %

Navient stock opened at $13.46 on Wednesday. Navient Co. has a 52 week low of $12.73 and a 52 week high of $17.56. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48. The stock has a market capitalization of $1.38 billion, a P/E ratio of 11.60 and a beta of 1.36. The stock has a 50-day simple moving average of $13.73 and a 200 day simple moving average of $14.77.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. Analysts expect that Navient Co. will post 1.04 earnings per share for the current year.

Navient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Friday, March 7th. Navient’s dividend payout ratio is presently 55.17%.

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.