Brandywine Global Investment Management LLC grew its position in shares of Navient Corp (NASDAQ:NAVI) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 834,597 shares of the credit services provider’s stock after purchasing an additional 80,942 shares during the period. Brandywine Global Investment Management LLC’s holdings in Navient were worth $7,353,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Doyle Wealth Management acquired a new stake in shares of Navient during the 4th quarter worth about $46,000. Bessemer Group Inc. boosted its stake in shares of Navient by 165.5% during the 4th quarter. Bessemer Group Inc. now owns 5,437 shares of the credit services provider’s stock worth $48,000 after purchasing an additional 3,389 shares during the last quarter. Signition LP boosted its stake in shares of Navient by 13.6% during the 4th quarter. Signition LP now owns 11,362 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,358 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Navient by 781.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 907,606 shares of the credit services provider’s stock worth $103,000 after purchasing an additional 804,586 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of Navient in the fourth quarter worth approximately $106,000. 96.30% of the stock is currently owned by institutional investors.

NAVI opened at $11.79 on Thursday. The company has a debt-to-equity ratio of 26.37, a quick ratio of 17.67 and a current ratio of 17.67. Navient Corp has a 1 year low of $8.23 and a 1 year high of $15.02. The company has a market capitalization of $2.97 billion, a P/E ratio of 5.64, a P/E/G ratio of 2.05 and a beta of 2.31.

Navient (NASDAQ:NAVI) last released its earnings results on Tuesday, January 22nd. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.11. Navient had a net margin of 7.04% and a return on equity of 14.08%. The business had revenue of $307.00 million for the quarter, compared to analysts’ expectations of $315.67 million. During the same period last year, the company earned $0.43 earnings per share. As a group, equities research analysts anticipate that Navient Corp will post 1.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.16 dividend. The ex-dividend date was Thursday, February 28th. This represents a $0.64 annualized dividend and a yield of 5.43%. Navient’s payout ratio is 30.62%.

Several research firms recently issued reports on NAVI. ValuEngine raised shares of Navient from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. Zacks Investment Research raised shares of Navient from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Oppenheimer reissued a “hold” rating on shares of Navient in a research report on Friday, January 25th. BidaskClub raised shares of Navient from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Finally, JPMorgan Chase & Co. raised shares of Navient from an “underweight” rating to a “neutral” rating and decreased their target price for the stock from $13.00 to $12.00 in a research report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.79.

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Navient Profile

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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