Savant Capital LLC decreased its position in shares of Navient Corporation (NASDAQ:NAVI) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 114,675 shares of the credit services provider’s stock after selling 449 shares during the period. Savant Capital LLC’s holdings in Navient Corporation were worth $1,909,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Navient Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 39,295,006 shares of the credit services provider’s stock worth $579,995,000 after buying an additional 1,606,973 shares in the last quarter. BlackRock Inc. raised its position in shares of Navient Corporation by 2,615.0% in the first quarter. BlackRock Inc. now owns 21,395,479 shares of the credit services provider’s stock worth $315,797,000 after buying an additional 20,607,439 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Navient Corporation by 12.8% in the first quarter. Dimensional Fund Advisors LP now owns 9,016,645 shares of the credit services provider’s stock worth $133,086,000 after buying an additional 1,022,191 shares during the last quarter. LSV Asset Management raised its position in shares of Navient Corporation by 10.5% in the first quarter. LSV Asset Management now owns 5,109,703 shares of the credit services provider’s stock worth $75,419,000 after buying an additional 484,526 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Navient Corporation by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,772,005 shares of the credit services provider’s stock worth $55,615,000 after buying an additional 88,680 shares during the last quarter. Hedge funds and other institutional investors own 96.37% of the company’s stock.

Shares of Navient Corporation (NAVI) opened at 13.68 on Monday. Navient Corporation has a 12 month low of $12.66 and a 12 month high of $17.95. The stock has a 50 day moving average of $15.48 and a 200-day moving average of $15.10. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 7.09 and a beta of 2.43.

Navient Corporation (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, July 18th. The credit services provider reported $0.43 EPS for the quarter, topping 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 company had revenue of $343 million during the quarter, compared to the consensus estimate of $331.67 million. During the same quarter last year, the firm posted $0.47 EPS. The company’s quarterly revenue was down 15.9% on a year-over-year basis. On average, analysts forecast that Navient Corporation will post $1.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.68%. The ex-dividend date is Wednesday, August 30th. Navient Corporation’s payout ratio is currently 33.68%.

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A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Navient Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Keefe, Bruyette & Woods reaffirmed 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 reaffirmed a “hold” rating and issued a $16.00 price target (down previously from $17.00) on shares of Navient Corporation in a research note on Thursday, July 20th. Jefferies Group LLC reaffirmed 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 lifted their price target on shares of Navient Corporation from $24.00 to $26.00 and gave the company 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 given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price 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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