Crossmark Global Holdings Inc. increased its stake in shares of Navient Corp (NASDAQ:NAVI) by 81.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,071 shares of the credit services provider’s stock after buying an additional 39,630 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Navient were worth $1,173,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of NAVI. Quantbot Technologies LP bought a new position in shares of Navient during the 3rd quarter worth approximately $121,000. Advisors Asset Management Inc. lifted its position in shares of Navient by 84.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock worth $153,000 after buying an additional 4,642 shares during the period. First Midwest Bank Trust Division bought a new position in shares of Navient during the 3rd quarter worth approximately $175,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Navient during the 4th quarter worth approximately $177,000. Finally, Thrivent Financial For Lutherans lifted its position in shares of Navient by 1.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock worth $179,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 89.75% of the company’s stock.
NAVI has been the subject of several analyst reports. BMO Capital Markets cut their target price on Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a research report on Thursday, October 19th. Zacks Investment Research upgraded Navient from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. Barclays restated an “overweight” rating and set a $17.00 target price on shares of Navient in a research report on Tuesday, November 14th. ValuEngine upgraded Navient from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, UBS Group began coverage on Navient in a report on Monday, January 8th. They set a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $17.45.
In related news, SVP Stephen M. Hauber sold 17,423 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $14.40, for a total transaction of $250,891.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.68% of the company’s stock.
Shares of Navient Corp (NASDAQ:NAVI) opened at $13.80 on Friday. Navient Corp has a twelve month low of $11.48 and a twelve month high of $16.97. The firm has a market capitalization of $3,630.00, a price-to-earnings ratio of 13.66, a P/E/G ratio of 1.19 and a beta of 2.27. The company has a current ratio of 22.41, a quick ratio of 33.10 and a debt-to-equity ratio of 30.13.
Navient (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Navient had a return on equity of 13.90% and a net margin of 5.94%. The firm had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $362.33 million. During the same period last year, the firm posted $0.43 EPS. equities analysts anticipate that Navient Corp will post 1.91 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.64 dividend on an annualized basis and a yield of 4.64%. Navient’s dividend payout ratio is 63.37%.
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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).
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