Brokerages Set Navient Co. (NASDAQ:NAVI) PT at $15.75

Navient Co. (NASDAQ:NAVI) has been assigned a consensus rating of “Reduce” from the eight research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $15.75.

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted 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. 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 report on Friday, November 1st. Bank of America began coverage on shares of Navient in a report on Monday, September 30th. They set a “neutral” rating and a $17.00 price target for the company. Barclays upped their price target on shares of Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Finally, StockNews.com upgraded shares of Navient from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

Insider Buying and Selling at Navient

In related news, EVP Stephen M. Hauber sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00. Following the transaction, the executive vice president now owns 256,883 shares in the company, valued at $3,853,245. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 27.99% of the company’s stock.

Hedge Funds Weigh In On Navient

Several hedge funds and other institutional investors have recently modified their holdings of NAVI. IAG Wealth Partners LLC purchased a new position in shares of Navient during the second quarter valued at about $50,000. KBC Group NV boosted its stake in Navient by 47.0% during the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock worth $68,000 after acquiring an additional 1,392 shares in the last quarter. Signaturefd LLC boosted its stake in 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 acquiring an additional 869 shares in the last quarter. nVerses Capital LLC bought a new stake in Navient during the third quarter worth about $87,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Navient during the third quarter worth about $95,000. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Navient Stock Up 1.3 %

Shares of NAVI opened at $15.28 on Friday. Navient has a one year low of $13.71 and a one year high of $19.68. The company has a market cap of $1.64 billion, a P/E ratio of 22.14 and a beta of 1.40. The company has a debt-to-equity ratio of 16.59, a current ratio of 9.49 and a quick ratio of 9.49. The firm has a 50 day simple moving average of $15.25 and a two-hundred day simple moving average of $15.19.

Navient (NASDAQ:NAVI) last announced 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 net margin of 1.71% and a return on equity of 8.62%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $150.04 million. During the same period in the previous year, the business earned $0.84 earnings per share. Research analysts forecast that Navient will post 2.47 EPS for the current fiscal year.

Navient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Friday, December 6th. Navient’s payout ratio is 92.75%.

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.