Swiss National Bank Sells 2,300 Shares of Navient Co. (NASDAQ:NAVI)

Swiss National Bank decreased its position in shares of Navient Co. (NASDAQ:NAVI) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 161,400 shares of the credit services provider’s stock after selling 2,300 shares during the quarter. Swiss National Bank owned about 0.15% of Navient worth $2,145,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NAVI. Quantinno Capital Management LP raised its stake in Navient by 12.6% during the third quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider’s stock worth $221,000 after buying an additional 1,587 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Navient by 4.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 47,774 shares of the credit services provider’s stock worth $635,000 after acquiring an additional 2,190 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Navient by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 18,192 shares of the credit services provider’s stock valued at $284,000 after purchasing an additional 2,194 shares during the period. Principal Financial Group Inc. boosted its position in shares of Navient by 0.9% during the 4th quarter. Principal Financial Group Inc. now owns 374,879 shares of the credit services provider’s stock valued at $4,982,000 after purchasing an additional 3,445 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Navient by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 311,259 shares of the credit services provider’s stock worth $4,137,000 after purchasing an additional 4,996 shares during the period. Institutional investors and hedge funds own 97.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NAVI shares. Seaport Res Ptn upgraded Navient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut their target price on shares of Navient from $15.00 to $13.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. StockNews.com downgraded shares of Navient from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Bank of America cut their price objective on shares of Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Navient has an average rating of “Hold” and a consensus target price of $13.90.

Navient Stock Performance

NAVI opened at $13.20 on Friday. Navient Co. has a 1-year low of $12.73 and a 1-year high of $17.56. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 11.38 and a beta of 1.36. The company’s fifty day moving average price is $13.78 and its two-hundred day moving average price is $14.46. The company has a current ratio of 9.48, a quick ratio of 9.49 and a debt-to-equity ratio of 16.35.

Navient (NASDAQ:NAVI) last posted its earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share 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%. On average, analysts expect that Navient Co. will post 1.04 EPS for the current fiscal year.

Navient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 4.85%. Navient’s payout ratio is 55.17%.

Navient Company 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.