1 day Ago By Defense World Staff
Arizona State Retirement System lessened its holdings in Navient Co. ( NASDAQ:NAVI – Free Report ) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 23,523 shares of the credit services provider’s stock after selling 710 shares during the period. Arizona State Retirement System’s holdings in Navient were worth $342,000 at the end of the most recent quarter. Other hedge funds have also recently added to or reduced their stakes in the company.
Jupiter Asset Management Ltd. acquired a new stake in shares of Navient during the first quarter worth approximately $4,813,000. State Board of Administration of Florida Retirement System increased its holdings in shares of Navient by 178.
8% during the first quarter. State Board of Administration of Florida Retirement System now owns 73,578 shares of the credit services provider’s stock worth $1,177,000 after buying an additional 47,189 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Navient by 8.
8% during the fourth quarter. Bridgeway Capital Management LLC now owns 811,826 shares of the credit services provider’s stock worth $15,116,000 after buying an additional 65,576 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Navient by 265.
4% during the first quarter. BNP Paribas Financial Markets now owns 128,690 shares of the credit services provider’s stock valued at $2,239,000 after purchasing an additional 93,469 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Navient during the fourth quarter valued at approximately $394,000.
Institutional investors and hedge funds own 97.14% of the company’s stock. Navient Price Performance Shares of NAVI stock opened at $16.
00 on Wednesday. Navient Co. has a 52-week low of $13.
95 and a 52-week high of $19.68. The stock has a market cap of $1.
79 billion, a PE ratio of 10.26 and a beta of 1.39.
The company has a debt-to-equity ratio of 17.30, a quick ratio of 9.99 and a current ratio of 9.
99. The firm’s 50 day moving average price is $15.51 and its two-hundred day moving average price is $15.
59. Navient Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.
16 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.
64 annualized dividend and a yield of 4.00%. Navient’s dividend payout ratio (DPR) is presently 41.
03%. Analyst Ratings Changes Several analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Navient from $15.
00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co.
decreased their price target on shares of Navient from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday, July 8th.
Finally, Barclays decreased their price target on shares of Navient from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 9th.
Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.
56. Check Out Our Latest Research Report on Navient Navient Company Profile ( Free Report ) Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing.
The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions. Featured Articles Five stocks we like better than Navient REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? What is the S&P/TSX Index? Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge Biggest Stock Losers – Today’s Biggest Percentage Decliners Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Navient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navient and related companies with MarketBeat.com's FREE daily email newsletter .
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