Nisa Investment Advisors LLC Grows Stock Holdings in Navient Corporation $NAVI

Nisa Investment Advisors LLC grew its position in shares of Navient Corporation (NASDAQ:NAVI) by 4,721.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,583 shares of the credit services provider’s stock after acquiring an additional 114,165 shares during the period. Nisa Investment Advisors LLC owned about 0.12% of Navient worth $1,533,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NAVI. CWM LLC increased its holdings in Navient by 79.0% during the 3rd quarter. CWM LLC now owns 2,525 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 1,114 shares during the period. Russell Investments Group Ltd. grew its position in shares of Navient by 77.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,766 shares of the credit services provider’s stock worth $109,000 after buying an additional 3,378 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Navient during the second quarter valued at approximately $152,000. Inceptionr LLC bought a new position in shares of Navient during the second quarter valued at approximately $152,000. Finally, Intrust Bank NA lifted its stake in Navient by 8.4% in the second quarter. Intrust Bank NA now owns 11,503 shares of the credit services provider’s stock worth $162,000 after acquiring an additional 895 shares during the period. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NAVI. Keefe, Bruyette & Woods reduced their price objective on shares of Navient from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Cowen reiterated a “sell” rating on shares of Navient in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Navient in a report on Monday, December 29th. JPMorgan Chase & Co. reduced their target price on Navient from $14.00 to $12.50 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, Wall Street Zen cut Navient from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $12.57.

Navient Price Performance

Shares of NAVI opened at $12.41 on Thursday. Navient Corporation has a fifty-two week low of $10.53 and a fifty-two week high of $16.07. The firm’s 50-day simple moving average is $12.50 and its two-hundred day simple moving average is $13.01. The stock has a market cap of $1.21 billion, a PE ratio of -22.98 and a beta of 1.29. The company has a debt-to-equity ratio of 16.98, a quick ratio of 9.41 and a current ratio of 9.41.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Tuesday, October 28th. The credit services provider reported ($0.84) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($1.02). Navient had a positive return on equity of 4.12% and a negative net margin of 1.48%.The company had revenue of $161.00 million during the quarter, compared to the consensus estimate of $138.25 million. During the same period in the prior year, the firm earned $1.45 earnings per share. Analysts anticipate that Navient Corporation will post 1.04 earnings per share for the current fiscal year.

Navient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, December 5th. Navient’s dividend payout ratio is currently -118.52%.

Navient Company Profile

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.