Corient Private Wealth LLC Lowers Holdings in Navient Co. (NASDAQ:NAVI)

Corient Private Wealth LLC lowered its position in Navient Co. (NASDAQ:NAVI) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,125 shares of the credit services provider’s stock after selling 2,904 shares during the quarter. Corient Private Wealth LLC’s holdings in Navient were worth $241,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NAVI. Quantinno Capital Management LP increased its stake in Navient by 12.6% in the 3rd quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider’s stock worth $221,000 after acquiring an additional 1,587 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Navient by 4.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 47,774 shares of the credit services provider’s stock worth $635,000 after purchasing an additional 2,190 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Navient by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 374,879 shares of the credit services provider’s stock worth $4,982,000 after purchasing an additional 3,445 shares during the last quarter. Victory Capital Management Inc. raised its stake in Navient by 1.6% in the fourth quarter. Victory Capital Management Inc. now owns 311,259 shares of the credit services provider’s stock valued at $4,137,000 after purchasing an additional 4,996 shares in the last quarter. Finally, Entropy Technologies LP lifted its position in Navient by 46.2% during the fourth quarter. Entropy Technologies LP now owns 21,526 shares of the credit services provider’s stock valued at $286,000 after purchasing an additional 6,800 shares during the last quarter. Institutional investors own 97.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NAVI. Keefe, Bruyette & Woods lowered their price objective on shares of Navient from $16.00 to $14.00 and set a “market perform” rating on the stock in a research report on Monday. StockNews.com downgraded Navient from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Bank of America cut their price objective on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Seaport Res Ptn raised Navient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut their target price on Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Navient has an average rating of “Hold” and an average price target of $13.50.

Navient Stock Down 1.5 %

NAVI opened at $12.63 on Tuesday. Navient Co. has a 12 month low of $12.51 and a 12 month high of $17.56. The company has a current ratio of 9.48, a quick ratio of 9.49 and a debt-to-equity ratio of 16.35. The business’s 50-day moving average price is $13.73 and its 200-day moving average price is $14.42. The company has a market cap of $1.29 billion, a P/E ratio of 10.89 and a beta of 1.36.

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

Navient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.16 per share. The ex-dividend date was Friday, March 7th. This represents a $0.64 annualized dividend and a yield of 5.07%. Navient’s payout ratio is currently 55.17%.

About Navient

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.