Navient (NASDAQ:NAVI) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Navient (NASDAQ:NAVI) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports. Seaport Res Ptn also issued estimates for Navient’s FY2025 earnings at $1.25 EPS.

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

Navient Stock Performance

Shares of NAVI opened at $14.49 on Tuesday. The company has a market capitalization of $1.56 billion, a PE ratio of 21.00 and a beta of 1.43. 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 has a one year low of $12.73 and a one year high of $18.36. The company’s fifty day moving average price is $14.26 and its 200 day moving average price is $15.01.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $1.20. Navient had a return on equity of 8.62% and a net margin of 1.71%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $150.04 million. During the same period in the previous year, the company posted $0.84 earnings per share. As a group, analysts expect that Navient will post 2.41 earnings per share for the current year.

Navient Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend was Friday, December 6th. Navient’s dividend payout ratio (DPR) is presently 92.75%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Navient

Several large investors have recently made changes to their positions in NAVI. Donald Smith & CO. Inc. grew its stake in Navient by 27.8% during the third quarter. Donald Smith & CO. Inc. now owns 3,581,311 shares of the credit services provider’s stock worth $55,833,000 after buying an additional 779,973 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Navient during the 2nd quarter worth approximately $3,345,000. Marshall Wace LLP bought a new stake in Navient during the 2nd quarter worth approximately $2,327,000. Barclays PLC increased its holdings in Navient by 59.0% during the 3rd quarter. Barclays PLC now owns 284,130 shares of the credit services provider’s stock valued at $4,429,000 after purchasing an additional 105,454 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Navient in the 3rd quarter valued at $1,398,000. Institutional investors own 97.14% of the company’s stock.

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.