Navient Corporation (NASDAQ:NAVI) Receives $9.14 Consensus PT from Analysts

Navient Corporation (NASDAQ:NAVI) has been given a consensus rating of “Reduce” by the nine research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $9.1429.

NAVI has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Navient in a research note on Wednesday, June 24th. Barclays upped their price target on Navient from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. reduced their price objective on Navient from $9.50 to $8.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Finally, TD Cowen restated a “sell” rating on shares of Navient in a research note on Friday, August 7th.

Navient Stock Up 3.8%

Navient stock opened at $9.45 on Monday. The firm has a market cap of $886.22 million, a price-to-earnings ratio of -18.90 and a beta of 1.18. The company has a debt-to-equity ratio of 16.73, a current ratio of 10.53 and a quick ratio of 10.53. Navient has a fifty-two week low of $7.33 and a fifty-two week high of $13.87. The firm has a fifty day moving average price of $8.60 and a two-hundred day moving average price of $8.60.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Thursday, August 6th. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.09. The company had revenue of $150.00 million for the quarter, compared to the consensus estimate of $142.87 million. Navient had a positive return on equity of 4.68% and a negative net margin of 1.64%.During the same period last year, the business posted $0.20 earnings per share. As a group, analysts forecast that Navient will post 0.76 earnings per share for the current year.

Navient Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, September 4th. Navient’s dividend payout ratio (DPR) is currently -128.00%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd acquired a new position in Navient in the 1st quarter valued at approximately $1,227,000. Arbiter Partners Capital Management LLC increased its position in shares of Navient by 230.5% during the first quarter. Arbiter Partners Capital Management LLC now owns 512,548 shares of the credit services provider’s stock valued at $4,193,000 after purchasing an additional 357,454 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Navient by 20.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,484,742 shares of the credit services provider’s stock valued at $32,302,000 after purchasing an additional 418,161 shares during the period. WINTON GROUP Ltd raised its stake in shares of Navient by 208.4% in the fourth quarter. WINTON GROUP Ltd now owns 292,120 shares of the credit services provider’s stock valued at $3,798,000 after purchasing an additional 197,395 shares in the last quarter. Finally, Caxton Associates LLP raised its stake in shares of Navient by 38.3% in the first quarter. Caxton Associates LLP now owns 222,396 shares of the credit services provider’s stock valued at $1,819,000 after purchasing an additional 61,589 shares in the last quarter. Institutional investors and hedge funds own 97.14% of the company’s stock.

About Navient

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.