Charles Schwab Investment Management Inc. Trims Holdings in Navient Co. (NASDAQ:NAVI)

Charles Schwab Investment Management Inc. cut its stake in Navient Co. (NASDAQ:NAVI) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,086,005 shares of the credit services provider’s stock after selling 6,265 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.01% of Navient worth $14,433,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Navient by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,149,599 shares of the credit services provider’s stock valued at $15,278,000 after buying an additional 10,788 shares during the period. Wellington Management Group LLP boosted its stake in Navient by 0.9% during the third quarter. Wellington Management Group LLP now owns 892,828 shares of the credit services provider’s stock valued at $13,919,000 after buying an additional 8,117 shares during the period. Empowered Funds LLC boosted its stake in Navient by 5.1% during the fourth quarter. Empowered Funds LLC now owns 467,232 shares of the credit services provider’s stock valued at $6,210,000 after buying an additional 22,765 shares during the period. Principal Financial Group Inc. boosted its stake in Navient by 0.9% during the fourth quarter. Principal Financial Group Inc. now owns 374,879 shares of the credit services provider’s stock valued at $4,982,000 after buying an additional 3,445 shares during the period. Finally, Rhumbline Advisers boosted its stake in Navient by 5.8% during the fourth quarter. Rhumbline Advisers now owns 343,341 shares of the credit services provider’s stock valued at $4,563,000 after buying an additional 18,760 shares during the period. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Navient Trading Up 1.0 %

Shares of NAVI stock opened at $13.54 on Friday. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35. The business has a 50-day moving average price of $13.80 and a two-hundred day moving average price of $14.57. Navient Co. has a 12-month low of $12.73 and a 12-month high of $17.56. The firm has a market cap of $1.38 billion, a P/E ratio of 11.67 and a beta of 1.36.

Navient (NASDAQ:NAVI) last issued 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 return on equity of 6.69% and a net margin of 2.96%. Equities analysts anticipate that Navient Co. will post 1.04 EPS for the current fiscal year.

Navient Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Friday, March 7th. Navient’s dividend payout ratio (DPR) is presently 55.17%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Bank of America dropped their price objective on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. StockNews.com lowered Navient from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Seaport Res Ptn raised Navient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.90.

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.