Navient (NASDAQ:NAVI) PT Lowered to $13.00 at TD Cowen

Navient (NASDAQ:NAVI) had its target price trimmed by TD Cowen from $14.00 to $13.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a sell rating on the credit services provider’s stock.

A number of other equities research analysts have also recently weighed in on the company. StockNews.com cut Navient from a buy rating to a hold rating in a report on Thursday, February 1st. Citigroup raised their price target on Navient from $17.00 to $18.00 and gave the company a neutral rating in a research report on Thursday, February 1st. Stephens lowered shares of Navient from an equal weight rating to an underweight rating and set a $16.00 price objective on the stock. in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods dropped their target price on shares of Navient from $19.00 to $17.00 and set a market perform rating for the company in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of Navient from $17.00 to $16.00 and set a neutral rating for the company in a research report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $16.10.

Navient Price Performance

Navient stock opened at $15.55 on Friday. The company has a debt-to-equity ratio of 18.38, a quick ratio of 12.52 and a current ratio of 12.52. Navient has a one year low of $14.10 and a one year high of $19.69. The company has a market cap of $1.74 billion, a P/E ratio of 9.97 and a beta of 1.38. The business has a fifty day moving average of $16.53 and a two-hundred day moving average of $17.06.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. Navient had a net margin of 3.93% and a return on equity of 12.09%. The firm had revenue of $163.00 million during the quarter, compared to analysts’ expectations of $188.04 million. As a group, analysts predict that Navient will post 1.64 earnings per share for the current fiscal year.

Navient Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.64 annualized dividend and a dividend yield of 4.12%. Navient’s dividend payout ratio is currently 41.03%.

Insider Activity

In related news, EVP Mark L. Heleen sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $17.20, for a total transaction of $172,000.00. Following the sale, the executive vice president now owns 385,577 shares in the company, valued at $6,631,924.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 27.99% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Denali Advisors LLC acquired a new position in Navient in the fourth quarter valued at $2,441,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Navient during the 4th quarter valued at about $13,546,000. American Century Companies Inc. lifted its holdings in shares of Navient by 7.4% during the 3rd quarter. American Century Companies Inc. now owns 1,138,526 shares of the credit services provider’s stock worth $19,605,000 after acquiring an additional 78,186 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Navient by 207.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 231,186 shares of the credit services provider’s stock worth $4,320,000 after acquiring an additional 156,086 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Navient by 21.9% in the third quarter. Hsbc Holdings PLC now owns 196,938 shares of the credit services provider’s stock valued at $3,395,000 after purchasing an additional 35,386 shares during the period. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Navient Company Profile

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.