Navient Corp. (NAVI) Stock Price Down 2.4%
Navient Corp. (NASDAQ:NAVI)’s share price was down 2.4% on Friday . The company traded as low as $14.17 and last traded at $14.21, with a volume of 1,224,538 shares traded. The stock had previously closed at $14.56.
A number of equities analysts recently weighed in on NAVI shares. BMO Capital Markets set a $17.00 target price on shares of Navient Corp. and gave the stock a “hold” rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. lowered shares of Navient Corp. from a “buy” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Wednesday, July 20th. Zacks Investment Research upgraded shares of Navient Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Monday, April 25th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Navient Corp. in a research report on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Navient Corp. has a consensus rating of “Hold” and a consensus target price of $17.00.
The company’s 50-day moving average is $13.73 and its 200-day moving average is $12.39. The firm has a market capitalization of $4.49 billion and a price-to-earnings ratio of 6.01.
Navient Corp. (NASDAQ:NAVI) last posted its earnings results on Tuesday, July 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.03. Equities research analysts forecast that Navient Corp. will post $1.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Wednesday, August 31st.
In other news, Director Bates Ann Torre sold 9,000 shares of Navient Corp. stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $14.23, for a total transaction of $128,070.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Several institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its position in Navient Corp. by 11.2% in the fourth quarter. Morgan Stanley now owns 1,167,474 shares of the company’s stock valued at $13,367,000 after buying an additional 117,313 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Navient Corp. by 10.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 109,651 shares of the company’s stock valued at $1,256,000 after buying an additional 10,566 shares during the period. Victory Capital Management Inc. raised its position in Navient Corp. by 24.8% in the fourth quarter. Victory Capital Management Inc. now owns 126,065 shares of the company’s stock valued at $1,443,000 after buying an additional 25,046 shares during the period. Marshall Wace LLP raised its position in Navient Corp. by 2,085.9% in the fourth quarter. Marshall Wace LLP now owns 240,930 shares of the company’s stock valued at $2,759,000 after buying an additional 229,908 shares during the period. Finally, US Bancorp DE raised its position in Navient Corp. by 13.5% in the fourth quarter. US Bancorp DE now owns 131,870 shares of the company’s stock valued at $1,509,000 after buying an additional 15,649 shares during the period.
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.
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