1 day Ago By ABMN Staff
American Century Companies Inc. reduced its stake in shares of Nelnet, Inc. ( NYSE:NNI – Free Report ) by 1.
4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 117,478 shares of the credit services provider’s stock after selling 1,725 shares during the period. American Century Companies Inc.
’s holdings in Nelnet were worth $12,548,000 at the end of the most recent reporting period. Several other large investors also recently modified their holdings of NNI. Christopher J.
Hasenberg Inc purchased a new position in Nelnet in the fourth quarter valued at approximately $38,000. Blue Trust Inc. lifted its position in shares of Nelnet by 1,293.
1% during the 4th quarter. Blue Trust Inc. now owns 404 shares of the credit services provider’s stock valued at $46,000 after buying an additional 375 shares during the last quarter.
FMR LLC grew its stake in shares of Nelnet by 20.3% during the 3rd quarter. FMR LLC now owns 556 shares of the credit services provider’s stock worth $63,000 after acquiring an additional 94 shares during the period.
MML Investors Services LLC increased its holdings in Nelnet by 7.4% in the 3rd quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider’s stock worth $258,000 after acquiring an additional 157 shares during the last quarter.
Finally, Intech Investment Management LLC bought a new stake in Nelnet in the 3rd quarter valued at about $323,000. Hedge funds and other institutional investors own 33.51% of the company’s stock.
Nelnet Stock Up 0.1 % Nelnet stock opened at $111.03 on Wednesday.
The firm has a 50 day simple moving average of $113.29 and a 200 day simple moving average of $111.23.
The company has a current ratio of 31.47, a quick ratio of 31.47 and a debt-to-equity ratio of 2.
78. Nelnet, Inc. has a 1-year low of $92.
24 and a 1-year high of $127.32. The firm has a market capitalization of $4.
03 billion, a price-to-earnings ratio of 36.52 and a beta of 0.89.
Nelnet Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.28 per share.
This represents a $1.12 annualized dividend and a dividend yield of 1.01%.
The ex-dividend date was Friday, February 28th. Nelnet’s dividend payout ratio is presently 22.40%.
Analysts Set New Price Targets Separately, StockNews.com upgraded shares of Nelnet from a “hold” rating to a “buy” rating in a research report on Tuesday, March 4th. Get Our Latest Stock Analysis on Nelnet Nelnet Company Profile ( Free Report ) Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide.
The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. See Also Want to see what other hedge funds are holding NNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nelnet, Inc.
( NYSE:NNI – Free Report ). Receive News & Ratings for Nelnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nelnet and related companies with MarketBeat.com's FREE daily email newsletter .
.
_8.jpg?itok=wp-xhXRB)
