Navient Co. (NASDAQ:NAVI - Get Free Report) EVP Stephen M. Hauber sold 10,000 shares of the business's 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 sale, the executive vice president now owns 256,883 shares in the company, valued at approximately $3,853,245. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Navient Stock Down 3.1 %
Shares of NASDAQ NAVI opened at $15.25 on Friday. The company has a market cap of $1.64 billion, a P/E ratio of 22.10 and a beta of 1.39. The firm has a 50-day simple moving average of $15.47 and a two-hundred day simple moving average of $15.25. Navient Co. has a 1 year low of $13.71 and a 1 year high of $19.68. 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 (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $150.04 million. During the same quarter in the previous year, the business earned $0.84 EPS. Research analysts anticipate that Navient Co. will post 1.79 earnings per share for the current year.
Navient Dividend Announcement
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The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Friday, September 6th. Navient's dividend payout ratio is presently 92.75%.
Institutional Investors Weigh In On Navient
Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in Navient during the 1st quarter worth about $36,000. IAG Wealth Partners LLC purchased a new position in shares of Navient in the 2nd quarter valued at approximately $50,000. KBC Group NV grew its holdings in shares of Navient by 47.0% during the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider's stock valued at $68,000 after buying an additional 1,392 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Navient by 22.1% during the second quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider's stock worth $70,000 after purchasing an additional 869 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Navient in the third quarter valued at approximately $87,000. 97.14% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
NAVI has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on Navient from $15.00 to $16.00 and gave the stock a "market perform" rating in a research report on Thursday, July 25th. Bank of America assumed coverage on Navient in a research report on Monday, September 30th. They set a "neutral" rating and a $17.00 target price for the company. Barclays boosted 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. JPMorgan Chase & Co. increased their price objective on shares of Navient from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, October 7th. Finally, StockNews.com upgraded shares of Navient from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $15.78.
Read Our Latest Stock Report on Navient
About Navient
(
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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.
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