Quest Companions LLC raised its stake in shares of Navient Co. (NASDAQ:NAVI – Free Report) by 102,163.1% through the second quarter, HoldingsChannel studies. The agency owned 85,901 shares of the credit score providers supplier’s inventory after shopping for an extra 85,817 shares through the quarter. Quest Companions LLC’s holdings in Navient have been price $1,251,000 on the finish of the newest quarter.
Different institutional traders have additionally modified their holdings of the corporate. QRG Capital Administration Inc. elevated its place in Navient by 15.4% through the fourth quarter. QRG Capital Administration Inc. now owns 16,545 shares of the credit score providers supplier’s inventory valued at $308,000 after buying an extra 2,206 shares over the past quarter. ARGA Funding Administration LP purchased a brand new place in shares of Navient through the fourth quarter valued at roughly $452,000. Dynamic Know-how Lab Non-public Ltd bought a brand new stake in shares of Navient within the fourth quarter price roughly $248,000. Trexquant Funding LP purchased a brand new stake in shares of Navient through the 4th quarter price roughly $347,000. Lastly, Focus Monetary Community Inc. ADV bought a brand new place in Navient through the 4th quarter valued at $278,000. 97.14% of the inventory is owned by institutional traders.
Navient Inventory Efficiency
Shares of NASDAQ:NAVI opened at $15.48 on Tuesday. The agency has a 50 day shifting common of $15.38 and a 200 day shifting common of $15.62. The corporate has a fast ratio of 9.99, a present ratio of 9.99 and a debt-to-equity ratio of 17.30. The corporate has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.92 and a beta of 1.39. Navient Co. has a 52 week low of $13.95 and a 52 week excessive of $19.68.
Navient (NASDAQ:NAVI – Get Free Report) final issued its quarterly earnings information on Wednesday, July twenty fourth. The credit score providers supplier reported $0.29 earnings per share for the quarter, lacking analysts’ consensus estimates of $0.43 by ($0.14). Navient had a return on fairness of 11.06% and a internet margin of three.41%. The corporate had income of $1.09 billion for the quarter, in comparison with analysts’ expectations of $157.27 million. Throughout the identical quarter final yr, the corporate earned $0.70 earnings per share. On common, sell-side analysts predict that Navient Co. will put up 1.43 earnings per share for the present fiscal yr.
Navient Dividend Announcement
The corporate additionally lately declared a quarterly dividend, which will likely be paid on Friday, September twentieth. Stockholders of report on Friday, September sixth will likely be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized foundation and a dividend yield of 4.13%. The ex-dividend date of this dividend is Friday, September sixth. Navient’s dividend payout ratio is at the moment 41.03%.
Analysts Set New Worth Targets
A number of analysts have lately weighed in on NAVI shares. JPMorgan Chase & Co. decreased their goal worth on Navient from $16.00 to $15.00 and set a “impartial” score for the corporate in a analysis report on Monday, July eighth. Keefe, Bruyette & Woods lifted their worth goal on shares of Navient from $15.00 to $16.00 and gave the corporate a “market carry out” score in a report on Thursday, July twenty fifth. Lastly, Barclays dropped their goal worth on shares of Navient from $11.00 to $10.00 and set an “underweight” score on the inventory in a analysis word on Tuesday, July ninth. Three analysis analysts have rated the inventory with a promote score and 7 have issued a maintain score to the corporate. Based on information from MarketBeat, the corporate at the moment has a median score of “Maintain” and a consensus goal worth of $15.56.
Examine Out Our Newest Evaluation on Navient
About Navient
Navient Company gives technology-enabled training finance and enterprise processing options for training, well being care, and authorities shoppers in america. It operates by way of three segments: Federal Training Loans, Shopper Lending, and Enterprise Processing. The corporate owns Federal Household Training Mortgage Program (FFELP) loans which might be insured or assured by state or not-for-profit companies; and performs servicing on its portfolios, in addition to federal training loans held by different establishments.
Featured Tales
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