Keybank National Association OH acquired a new stake in shares of Navient Corporation (NASDAQ:NAVI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,970 shares of the credit services provider’s stock, valued at approximately $199,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. OMERS ADMINISTRATION Corp bought a new position in Navient Corporation during the 2nd quarter valued at $496,000. Pacer Advisors Inc. boosted its stake in Navient Corporation by 4.7% during the 2nd quarter. Pacer Advisors Inc. now owns 37,247 shares of the credit services provider’s stock valued at $620,000 after acquiring an additional 1,665 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Navient Corporation by 16.3% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 74,114 shares of the credit services provider’s stock valued at $1,234,000 after acquiring an additional 10,395 shares during the last quarter. Prudential Financial Inc. boosted its stake in Navient Corporation by 446.1% during the 2nd quarter. Prudential Financial Inc. now owns 5,696,350 shares of the credit services provider’s stock valued at $94,845,000 after acquiring an additional 4,653,171 shares during the last quarter. Finally, Twin Capital Management Inc. boosted its stake in Navient Corporation by 18.3% during the 2nd quarter. Twin Capital Management Inc. now owns 133,249 shares of the credit services provider’s stock valued at $2,219,000 after acquiring an additional 20,639 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

A number of research firms have commented on NAVI. Zacks Investment Research upgraded shares of Navient Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. Credit Suisse Group upgraded shares of Navient Corporation from a “neutral” rating to an “outperform” rating and set a $16.50 price objective on the stock in a research note on Friday, September 8th. Compass Point upgraded shares of Navient Corporation from a “neutral” rating to a “buy” rating and set a $16.50 price objective on the stock in a research note on Tuesday, September 5th. BidaskClub downgraded shares of Navient Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Navient Corporation presently has an average rating of “Hold” and an average price target of $18.23.

Navient Corporation (NASDAQ NAVI) opened at 13.94 on Friday. The stock has a 50 day moving average of $13.92 and a 200-day moving average of $14.80. Navient Corporation has a 52-week low of $12.66 and a 52-week high of $17.95. The company has a market capitalization of $3.82 billion, a P/E ratio of 7.23 and a beta of 2.44.

Navient Corporation (NASDAQ:NAVI) last announced its earnings results on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $343.00 million for the quarter, compared to analyst estimates of $331.67 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Navient Corporation’s revenue was down 15.9% compared to the same quarter last year. On average, equities analysts forecast that Navient Corporation will post $1.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 4.59%. Navient Corporation’s dividend payout ratio is currently 33.68%.

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Navient Corporation Profile

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).

Institutional Ownership by Quarter for Navient Corporation (NASDAQ:NAVI)

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