Mutual of America Capital Management LLC raised its position in shares of Navient Corporation (NASDAQ:NAVI) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,022 shares of the credit services provider’s stock after purchasing an additional 771 shares during the period. Mutual of America Capital Management LLC’s holdings in Navient Corporation were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Thrivent Financial For Lutherans lifted its stake in shares of Navient Corporation by 1.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock worth $179,000 after acquiring an additional 110 shares during the period. Contravisory Investment Management Inc. lifted its stake in shares of Navient Corporation by 1.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 15,150 shares of the credit services provider’s stock worth $252,000 after acquiring an additional 200 shares during the period. Creative Planning lifted its stake in shares of Navient Corporation by 7.2% in the 2nd quarter. Creative Planning now owns 7,066 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 472 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Navient Corporation by 8.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 7,564 shares of the credit services provider’s stock worth $126,000 after acquiring an additional 612 shares during the period. Finally, Parkwood LLC lifted its stake in shares of Navient Corporation by 3.3% in the 2nd quarter. Parkwood LLC now owns 19,588 shares of the credit services provider’s stock worth $326,000 after acquiring an additional 628 shares during the period. 93.02% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Mutual of America Capital Management LLC Has $566,000 Holdings in Navient Corporation (NAVI)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/10/11/mutual-of-america-capital-management-llc-has-566000-holdings-in-navient-corporation-navi.html.

In other news, EVP John M. Kane sold 28,886 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $15.00, for a total value of $433,290.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.68% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on NAVI shares. 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. BidaskClub raised shares of Navient Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Compass Point raised shares of Navient Corporation from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a research note on Tuesday, September 5th. 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, BMO Capital Markets reaffirmed a “hold” rating and issued a $16.00 price target (down from $17.00) on shares of Navient Corporation in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Navient Corporation currently has an average rating of “Hold” and an average target price of $18.30.

Shares of Navient Corporation (NASDAQ NAVI) opened at 12.47 on Wednesday. Navient Corporation has a 12-month low of $12.09 and a 12-month high of $17.95. The company has a 50 day moving average of $13.93 and a 200-day moving average of $14.76. The company has a market capitalization of $3.42 billion, a P/E ratio of 6.46 and a beta of 2.48.

Navient Corporation (NASDAQ:NAVI) last issued its earnings results on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $343.00 million for the quarter, compared to analyst estimates of $331.67 million. Navient Corporation had a net margin of 11.50% and a return on equity of 14.05%. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. On average, equities analysts anticipate that Navient Corporation will post $1.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.13%. The ex-dividend date was Wednesday, August 30th. Navient Corporation’s dividend payout ratio (DPR) is presently 33.68%.

Navient Corporation declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 4th that allows the company to repurchase outstanding shares. This repurchase authorization allows the credit services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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)

Receive News & Stock Ratings for Navient Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navient Corporation and related stocks with our FREE daily email newsletter.