Navient (NASDAQ:NAVI) Shares Down 2.3% – What’s Next?

Navient Co. (NASDAQ:NAVI)’s stock price traded down 2.3% during mid-day trading on Thursday . The stock traded as low as $13.17 and last traded at $13.21. 325,217 shares were traded during mid-day trading, a decline of 60% from the average session volume of 807,172 shares. The stock had previously closed at $13.52.

Wall Street Analysts Forecast Growth

NAVI has been the subject of a number of research analyst reports. Bank of America decreased their target price on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday. TD Cowen lowered their price objective on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. cut their target price on shares of Navient from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Barclays upped their price target on shares of Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Finally, StockNews.com raised shares of Navient from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.50.

Navient Stock Performance

The stock has a market cap of $1.40 billion, a P/E ratio of 18.91 and a beta of 1.40. The company has a debt-to-equity ratio of 16.59, a quick ratio of 9.49 and a current ratio of 9.49. The firm’s 50 day moving average is $14.84 and its 200 day moving average is $15.12.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $0.25 by $1.20. Navient had a return on equity of 8.62% and a net margin of 1.71%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $150.04 million. During the same quarter in the prior year, the business posted $0.84 EPS. Analysts anticipate that Navient Co. will post 2.47 EPS for the current year.

Navient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date was Friday, December 6th. Navient’s dividend payout ratio (DPR) is presently 92.75%.

Insider Buying and Selling at Navient

In other Navient news, EVP Stephen M. Hauber sold 10,000 shares of Navient stock in a transaction dated 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 sale, the executive vice president now owns 256,883 shares of the company’s stock, valued at approximately $3,853,245. The trade was a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 27.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. KBC Group NV increased its holdings in Navient by 47.0% in the 3rd quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock worth $68,000 after buying an additional 1,392 shares during the period. Signaturefd LLC boosted its holdings in shares of Navient by 22.1% in the 2nd quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider’s stock valued at $70,000 after acquiring an additional 869 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Navient in the third quarter worth $87,000. Harbor Capital Advisors Inc. purchased a new position in shares of Navient during the third quarter worth $95,000. Finally, Covestor Ltd lifted its position in Navient by 24.6% during the third quarter. Covestor Ltd now owns 7,360 shares of the credit services provider’s stock valued at $115,000 after purchasing an additional 1,455 shares during the period. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

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.