1 week Ago By ABMN Staff
JPMorgan Chase & Co. boosted its holdings in shares of Nelnet, Inc. ( NYSE:NNI – Free Report ) by 30.
7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,480 shares of the credit services provider’s stock after buying an additional 40,476 shares during the quarter. JPMorgan Chase & Co.
’s holdings in Nelnet were worth $18,423,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also bought and sold shares of NNI. FMR LLC increased its stake in shares of Nelnet by 20.
3% in the third 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 grew its position in Nelnet by 7.
4% during the 3rd quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider’s stock worth $258,000 after purchasing an additional 157 shares during the period. Christopher J.
Hasenberg Inc purchased a new position in shares of Nelnet during the 4th quarter valued at about $38,000. Blue Trust Inc. raised its stake 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.
Finally, QRG Capital Management Inc. lifted its holdings in shares of Nelnet by 8.6% in the 4th quarter.
QRG Capital Management Inc. now owns 4,852 shares of the credit services provider’s stock valued at $518,000 after buying an additional 384 shares during the period. 33.
51% of the stock is currently owned by institutional investors and hedge funds. Nelnet Price Performance NYSE:NNI opened at $104.32 on Friday.
The company has a debt-to-equity ratio of 2.78, a current ratio of 31.47 and a quick ratio of 31.
47. The company has a 50 day moving average price of $112.13 and a 200-day moving average price of $110.
68. Nelnet, Inc. has a 1-year low of $92.
79 and a 1-year high of $127.32. The firm has a market cap of $3.
79 billion, a price-to-earnings ratio of 34.32 and a beta of 0.88.
Nelnet Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.28 dividend.
The ex-dividend date was Friday, February 28th. This represents a $1.12 dividend on an annualized basis and a yield of 1.
07%. Nelnet’s payout ratio is 22.40%.
Wall Street Analysts Forecast Growth Separately, StockNews.com raised Nelnet from a “hold” rating to a “buy” rating in a report on Tuesday, March 4th. Check Out Our Latest Stock Report on NNI About Nelnet ( 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. Read More 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.
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