Federated Investors Inc. PA boosted its stake in Navient Corporation (NASDAQ:NAVI) by 27.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,683 shares of the credit services provider’s stock after buying an additional 65,210 shares during the period. Federated Investors Inc. PA owned about 0.11% of Navient Corporation worth $5,040,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its position in Navient Corporation by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,952 shares of the credit services provider’s stock valued at $103,000 after buying an additional 118 shares during the period. Contravisory Investment Management Inc. raised its position in Navient Corporation by 1.3% in the second quarter. Contravisory Investment Management Inc. now owns 15,150 shares of the credit services provider’s stock valued at $252,000 after buying an additional 200 shares during the period. Thrivent Financial For Lutherans raised its position in Navient Corporation by 2.3% in the first quarter. Thrivent Financial For Lutherans now owns 10,660 shares of the credit services provider’s stock valued at $157,000 after buying an additional 240 shares during the period. Creative Planning raised its position in Navient Corporation by 7.2% in the second quarter. Creative Planning now owns 7,066 shares of the credit services provider’s stock valued at $118,000 after buying an additional 472 shares during the period. Finally, Parkwood LLC raised its position in Navient Corporation by 3.3% in the second quarter. Parkwood LLC now owns 19,588 shares of the credit services provider’s stock valued at $326,000 after buying an additional 628 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Shares of Navient Corporation (NAVI) opened at 13.75 on Friday. Navient Corporation has a 52-week low of $12.66 and a 52-week high of $17.95. The firm’s 50-day moving average is $14.33 and its 200 day moving average is $14.91. The stock has a market cap of $3.77 billion, a P/E ratio of 7.13 and a beta of 2.45.

Navient Corporation (NASDAQ:NAVI) last posted its quarterly earnings data on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Navient Corporation had a net margin of 11.50% and a return on equity of 14.05%. The firm had revenue of $343 million for the quarter, compared to analyst estimates of $331.67 million. During the same period last year, the firm posted $0.47 EPS. Navient Corporation’s quarterly revenue was down 15.9% on a year-over-year basis. Analysts forecast that Navient Corporation will post $1.76 earnings per share for the current fiscal year.

The company also recently disclosed 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. The ex-dividend date is Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 4.65%. Navient Corporation’s dividend payout ratio (DPR) is 33.68%.

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Several research firms recently commented on NAVI. BidaskClub lowered shares of Navient Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and set a $16.00 price objective on shares of Navient Corporation in a research note on Friday, July 21st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $20.00 target price on shares of Navient Corporation in a research report on Friday, July 14th. BMO Capital Markets reissued a “hold” rating and set a $16.00 target price (down previously from $17.00) on shares of Navient Corporation in a research report on Thursday, July 20th. Finally, Zacks Investment Research downgraded shares of Navient Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus 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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