Boston Partners cut its position in Navient Corporation (NASDAQ:NAVI) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 24,788,336 shares of the credit services provider’s stock after selling 544,592 shares during the period. Boston Partners owned about 0.09% of Navient Corporation worth $412,726,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NAVI. Bronfman E.L. Rothschild L.P. increased its position in Navient Corporation by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,952 shares of the credit services provider’s stock worth $103,000 after buying an additional 118 shares during the last quarter. Coconut Grove Bank increased its position in Navient Corporation by 107.1% in the first quarter. Coconut Grove Bank now owns 6,960 shares of the credit services provider’s stock worth $103,000 after buying an additional 3,600 shares during the last quarter. Creative Planning increased its position in Navient Corporation by 7.2% in the second quarter. Creative Planning now owns 7,066 shares of the credit services provider’s stock worth $118,000 after buying an additional 472 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Navient Corporation during the first quarter worth about $112,000. Finally, Grove Bank & Trust increased its position in Navient Corporation by 33.3% in the second quarter. Grove Bank & Trust now owns 9,280 shares of the credit services provider’s stock worth $154,000 after buying an additional 2,320 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

Shares of Navient Corporation (NASDAQ:NAVI) opened at 14.15 on Thursday. Navient Corporation has a one year low of $12.66 and a one year high of $17.95. The firm has a 50-day moving average of $15.60 and a 200-day moving average of $15.13. The stock has a market cap of $3.88 billion, a PE ratio of 7.34 and a beta of 2.43.

Navient Corporation (NASDAQ:NAVI) last posted its quarterly earnings results on Tuesday, July 18th. The credit services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. Navient Corporation had a net margin of 11.50% and a return on equity of 14.05%. The business had revenue of $343 million during the quarter, compared to analyst estimates of $331.67 million. During the same quarter in the previous year, the business posted $0.47 EPS. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, equities research analysts expect that Navient Corporation will post $1.76 earnings per share for the current fiscal year.

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A number of research firms recently issued reports on NAVI. BidaskClub downgraded shares of Navient Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $20.00 price target on shares of Navient Corporation in a research note on Friday, July 14th. BMO Capital Markets reissued a “hold” rating and issued a $16.00 price target (down from $17.00) on shares of Navient Corporation in a research note on Thursday, July 20th. Jefferies Group LLC reissued a “hold” rating and issued a $16.00 price target on shares of Navient Corporation in a research note on Friday, July 21st. Finally, Stifel Nicolaus increased their price target on shares of Navient Corporation from $24.00 to $26.00 and gave the stock a “hold” rating in a research note on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.55.

About Navient Corporation

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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Institutional Ownership by Quarter for Navient Corporation (NASDAQ:NAVI)

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