Navient (NASDAQ:NAVI) PT Lowered to $17.00 at Keefe, Bruyette & Woods

Navient (NASDAQ:NAVI) had its price target trimmed by Keefe, Bruyette & Woods from $19.00 to $17.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a market perform rating on the credit services provider’s stock.

Several other analysts also recently issued reports on NAVI. Citigroup upped their price target on shares of Navient from $17.00 to $18.00 and gave the company a neutral rating in a report on Thursday, February 1st. Barclays reaffirmed an underweight rating and issued a $14.00 price target (down previously from $17.00) on shares of Navient in a report on Wednesday, January 10th. TD Cowen downgraded shares of Navient from a market perform rating to an underperform rating and reduced their price target for the company from $17.00 to $15.00 in a report on Monday, January 8th. Stephens downgraded shares of Navient from an equal weight rating to an underweight rating and set a $16.00 price objective on the stock. in a research note on Tuesday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Navient in a research note on Wednesday, January 10th. They set a hold rating and a $19.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $16.10.

Navient Trading Down 0.3 %

Shares of NAVI opened at $15.72 on Thursday. The company has a current ratio of 12.52, a quick ratio of 13.63 and a debt-to-equity ratio of 18.38. The firm’s 50-day moving average is $16.54 and its two-hundred day moving average is $17.08. Navient has a twelve month low of $14.10 and a twelve month high of $19.69. The firm has a market capitalization of $1.76 billion, a P/E ratio of 10.08 and a beta of 1.38.

Navient (NASDAQ:NAVI) last announced its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. Navient had a net margin of 3.93% and a return on equity of 12.09%. The company had revenue of $163.00 million for the quarter, compared to the consensus estimate of $188.04 million. On average, research analysts predict that Navient will post 1.64 earnings per share for the current fiscal year.

Navient Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Thursday, February 29th. Navient’s dividend payout ratio is currently 41.03%.

Insiders Place Their Bets

In other Navient news, EVP Mark L. Heleen sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $17.20, for a total transaction of $172,000.00. Following the transaction, the executive vice president now owns 385,577 shares of the company’s stock, valued at $6,631,924.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 27.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Navient

A number of large investors have recently bought and sold shares of NAVI. Impact Partnership Wealth LLC raised its stake in Navient by 277.8% during the third quarter. Impact Partnership Wealth LLC now owns 1,511 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 1,111 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Navient in the first quarter worth $36,000. CWM LLC increased its position in shares of Navient by 314.6% in the third quarter. CWM LLC now owns 2,193 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 1,664 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Navient by 13.1% in the third quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider’s stock worth $90,000 after acquiring an additional 607 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Navient by 367.7% in the third quarter. Exchange Traded Concepts LLC now owns 6,795 shares of the credit services provider’s stock worth $117,000 after acquiring an additional 5,342 shares in the last quarter. Hedge funds and other 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.