Navient Corp. (NASDAQ:NAVI) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the firm. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $15.75.
Several research analysts have recently weighed in on NAVI shares. Zacks Investment Research raised Navient Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. Jefferies Group started coverage on Navient Corp. in a research report on Wednesday, December 7th. They set a “hold” rating and a $18.00 price objective for the company.
A number of hedge funds have recently added to or reduced their stakes in NAVI. Todd Asset Management LLC raised its stake in Navient Corp. by 29.9% in the second quarter. Todd Asset Management LLC now owns 1,196,306 shares of the company’s stock valued at $14,296,000 after buying an additional 275,478 shares in the last quarter. Alps Advisors Inc. raised its stake in Navient Corp. by 11.3% in the second quarter. Alps Advisors Inc. now owns 2,030,457 shares of the company’s stock valued at $24,264,000 after buying an additional 205,635 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Navient Corp. by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 5,300,133 shares of the company’s stock valued at $76,693,000 after buying an additional 113,327 shares in the last quarter. Stevens Capital Management LP raised its stake in Navient Corp. by 1,255.5% in the third quarter. Stevens Capital Management LP now owns 212,384 shares of the company’s stock valued at $3,073,000 after buying an additional 196,716 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in Navient Corp. by 15.5% in the third quarter. TD Asset Management Inc. now owns 977,101 shares of the company’s stock valued at $14,139,000 after buying an additional 131,166 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.
Shares of Navient Corp. (NASDAQ:NAVI) opened at 16.66 on Friday. Navient Corp. has a 12-month low of $8.20 and a 12-month high of $17.95. The firm has a 50-day moving average price of $16.74 and a 200-day moving average price of $14.37. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 6.84 and a beta of 2.65.
Navient Corp. (NASDAQ:NAVI) last posted its quarterly earnings data on Tuesday, October 18th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The company earned $405 million during the quarter, compared to analysts’ expectations of $391.75 million. Navient Corp. had a return on equity of 16.50% and a net margin of 16.31%. Navient Corp.’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Equities research analysts anticipate that Navient Corp. will post $1.84 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, December 2nd were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, November 30th. This represents a $0.64 annualized dividend and a yield of 3.84%. Navient Corp.’s payout ratio is presently 26.34%.
About Navient Corp.
Navient Corporation is a loan management, servicing and asset recovery company. The Company holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies.