Navient Corp. (NAVI) Receives Average Recommendation of “Buy” from Analysts
Navient Corp. (NASDAQ:NAVI) has earned a consensus rating of “Buy” from the nine brokerages that are covering the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $15.00.
NAVI has been the topic of a number of research analyst reports. Zacks Investment Research raised Navient Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. BMO Capital Markets set a $17.00 target price on Navient Corp. and gave the company a “hold” rating in a report on Thursday, July 21st. Finally, Goldman Sachs Group Inc. downgraded Navient Corp. from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Wednesday, July 20th.
In other Navient Corp. news, Director William M. Diefenderfer III sold 16,300 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $14.20, for a total value of $231,460.00. Following the completion of the sale, the director now owns 88,737 shares in the company, valued at $1,260,065.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bates Ann Torre sold 9,000 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $14.23, for a total value of $128,070.00. The disclosure for this sale can be found here. 1.05% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Navient Corp. by 0.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 26,879 shares of the company’s stock valued at $321,000 after buying an additional 208 shares in the last quarter. Eaton Vance Management boosted its stake in Navient Corp. by 0.3% in the second quarter. Eaton Vance Management now owns 61,029 shares of the company’s stock valued at $729,000 after buying an additional 212 shares in the last quarter. BB&T Corp boosted its stake in Navient Corp. by 4.1% in the second quarter. BB&T Corp now owns 14,394 shares of the company’s stock valued at $172,000 after buying an additional 570 shares in the last quarter. North Star Asset Management Inc. boosted its stake in Navient Corp. by 0.3% in the third quarter. North Star Asset Management Inc. now owns 430,913 shares of the company’s stock valued at $6,235,000 after buying an additional 1,200 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in Navient Corp. by 4.0% in the second quarter. World Asset Management Inc now owns 33,833 shares of the company’s stock valued at $404,000 after buying an additional 1,298 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.
Shares of Navient Corp. (NASDAQ:NAVI) traded up 0.14% during mid-day trading on Friday, hitting $13.92. The stock had a trading volume of 1,759,908 shares. The stock’s 50-day moving average is $14.21 and its 200 day moving average is $13.35. Navient Corp. has a 12 month low of $8.20 and a 12 month high of $14.92. The company has a market cap of $4.41 billion, a PE ratio of 5.91 and a beta of 2.31.
Navient Corp. (NASDAQ:NAVI) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. Navient Corp. had a return on equity of 16.77% and a net margin of 16.75%. On average, equities research analysts forecast that Navient Corp. will post $1.88 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Wednesday, November 30th. Navient Corp.’s payout ratio is 27.47%.
Navient Corp. Company Profile
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.
Receive News & Stock Ratings for Navient Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navient Corp. and related stocks with our FREE daily email newsletter.