Visionary Asset Management Inc. Has $2.87 Million Position in Navient Corp (NAVI)

Visionary Asset Management Inc. lessened its holdings in Navient Corp (NASDAQ:NAVI) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 191,207 shares of the credit services provider’s stock after selling 18,036 shares during the quarter. Visionary Asset Management Inc. owned approximately 0.07% of Navient worth $2,872,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Ffcm LLC grew its position in Navient by 144.5% in the 2nd quarter. Ffcm LLC now owns 7,071 shares of the credit services provider’s stock valued at $119,000 after acquiring an additional 4,179 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in Navient by 8.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 7,564 shares of the credit services provider’s stock valued at $126,000 after acquiring an additional 612 shares during the last quarter. Quantbot Technologies LP bought a new position in Navient in the 3rd quarter valued at $121,000. Advisors Asset Management Inc. grew its position in Navient by 84.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock valued at $153,000 after acquiring an additional 4,642 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in Navient by 1.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock valued at $179,000 after acquiring an additional 110 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

In other Navient news, CFO Christian M. Lown purchased 6,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was bought at an average cost of $12.35 per share, for a total transaction of $74,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.68% of the company’s stock.

A number of research firms have recently issued reports on NAVI. ValuEngine raised Navient from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Jefferies Group reissued a “hold” rating and set a $16.00 price target on shares of Navient in a research report on Monday, October 16th. Zacks Investment Research raised Navient from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Citigroup began coverage on Navient in a research report on Monday, October 16th. They set a “buy” rating and a $20.00 price target on the stock. Finally, BMO Capital Markets dropped their price target on Navient from $16.00 to $14.00 and set a “market perform” rating on the stock in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Navient has an average rating of “Hold” and a consensus target price of $18.00.

Shares of Navient Corp (NASDAQ NAVI) traded down $0.05 during mid-day trading on Friday, reaching $13.32. The company had a trading volume of 1,856,628 shares, compared to its average volume of 4,095,349. The company has a debt-to-equity ratio of 30.58, a quick ratio of 33.10 and a current ratio of 33.10. Navient Corp has a 12 month low of $11.48 and a 12 month high of $17.05. The company has a market capitalization of $3,516.47, a P/E ratio of 7.36 and a beta of 2.37.

Navient (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, October 17th. The credit services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Navient had a return on equity of 14.09% and a net margin of 10.88%. The company had revenue of $343.00 million during the quarter, compared to analysts’ expectations of $361.33 million. During the same period last year, the business posted $0.50 earnings per share. The firm’s revenue was down 15.3% compared to the same quarter last year. sell-side analysts predict that Navient Corp will post 1.76 EPS for the current fiscal year.

Navient declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 4th that permits the company to repurchase shares. This repurchase authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend was Thursday, November 30th. Navient’s dividend payout ratio (DPR) is presently 35.36%.

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Navient Profile

Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).

Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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