People s United Financial Inc. raised its position in Navient Corp (NASDAQ:NAVI) by 4.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 100,003 shares of the credit services provider’s stock after purchasing an additional 4,671 shares during the period. People s United Financial Inc.’s holdings in Navient were worth $1,348,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. grew its stake in shares of Navient by 10.9% in the 2nd quarter. D.A. Davidson & CO. now owns 42,220 shares of the credit services provider’s stock worth $550,000 after acquiring an additional 4,155 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Navient by 20.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 30,473 shares of the credit services provider’s stock worth $397,000 after acquiring an additional 5,233 shares in the last quarter. Aperio Group LLC grew its stake in shares of Navient by 1.5% in the 2nd quarter. Aperio Group LLC now owns 353,942 shares of the credit services provider’s stock worth $4,612,000 after acquiring an additional 5,291 shares in the last quarter. Oakbrook Investments LLC grew its stake in shares of Navient by 24.8% in the 3rd quarter. Oakbrook Investments LLC now owns 31,435 shares of the credit services provider’s stock worth $424,000 after acquiring an additional 6,240 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Navient by 6.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 101,608 shares of the credit services provider’s stock worth $1,370,000 after acquiring an additional 6,306 shares in the last quarter. Hedge funds and other institutional investors own 93.54% of the company’s stock.

NAVI opened at $10.64 on Friday. The stock has a market cap of $2.79 billion, a P/E ratio of 5.84 and a beta of 2.11. The company has a debt-to-equity ratio of 25.59, a current ratio of 19.74 and a quick ratio of 19.74. Navient Corp has a fifty-two week low of $10.38 and a fifty-two week high of $15.02.

Navient (NASDAQ:NAVI) last issued its earnings results on Tuesday, October 23rd. The credit services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The firm had revenue of $327.00 million during the quarter, compared to analyst estimates of $310.17 million. Navient had a net margin of 4.29% and a return on equity of 13.43%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share. Analysts predict that Navient Corp will post 1.97 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 6.02%. Navient’s dividend payout ratio is presently 35.75%.

NAVI has been the subject of several recent analyst reports. ValuEngine upgraded shares of Navient from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Zacks Investment Research lowered shares of Navient from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. BidaskClub lowered shares of Navient from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Oppenheimer reiterated a “hold” rating on shares of Navient in a research note on Thursday, October 25th. Finally, Citigroup reduced their target price on shares of Navient from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.55.

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Navient Company Profile

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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