Eaton Vance Management maintained its stake in shares of Navient Corporation (NASDAQ:NAVI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,029 shares of the credit services provider’s stock at the close of the 2nd quarter. Eaton Vance Management’s holdings in Navient Corporation were worth $1,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NAVI. BlackRock Inc. boosted its position in shares of Navient Corporation by 2,615.0% during the 1st quarter. BlackRock Inc. now owns 21,395,479 shares of the credit services provider’s stock worth $315,797,000 after purchasing an additional 20,607,439 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Navient Corporation by 446.1% during the 2nd quarter. Prudential Financial Inc. now owns 5,696,350 shares of the credit services provider’s stock worth $94,845,000 after purchasing an additional 4,653,171 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Navient Corporation by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 39,295,006 shares of the credit services provider’s stock worth $579,995,000 after purchasing an additional 1,606,973 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Navient Corporation by 75.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,443,684 shares of the credit services provider’s stock worth $40,687,000 after purchasing an additional 1,054,580 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Navient Corporation by 12.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,016,645 shares of the credit services provider’s stock worth $133,086,000 after purchasing an additional 1,022,191 shares in the last quarter. Institutional investors own 93.02% of the company’s stock.

Several equities research analysts have commented on NAVI shares. BidaskClub upgraded shares of Navient Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Jefferies Group LLC restated a “buy” rating on shares of Navient Corporation in a research report on Monday, June 12th. Stifel Nicolaus boosted their target price on shares of Navient Corporation from $24.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, June 12th. ValuEngine upgraded shares of Navient Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $20.00 target price on shares of Navient Corporation in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.23.

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Navient Corporation (NASDAQ NAVI) opened at 14.78 on Friday. The company has a 50-day moving average of $13.88 and a 200 day moving average of $14.78. Navient Corporation has a 52 week low of $12.66 and a 52 week high of $17.95. The firm has a market cap of $4.05 billion, a P/E ratio of 7.66 and a beta of 2.44.

Navient Corporation (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. Navient Corporation had a return on equity of 14.05% and a net margin of 11.50%. The business had revenue of $343.00 million during the quarter, compared to analyst estimates of $331.67 million. During the same quarter last year, the company posted $0.47 EPS. Navient Corporation’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, equities analysts predict that Navient Corporation will post $1.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.16 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.33%. Navient Corporation’s dividend payout ratio (DPR) is 33.68%.

Navient Corporation Company 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 Corporation (NASDAQ:NAVI)

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