Yousif Capital Management LLC Reduces Holdings in Navient Co. (NASDAQ:NAVI)

Yousif Capital Management LLC reduced its position in Navient Co. (NASDAQ:NAVI) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,060 shares of the credit services provider’s stock after selling 2,850 shares during the period. Yousif Capital Management LLC’s holdings in Navient were worth $876,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Navient by 13.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider’s stock valued at $90,000 after buying an additional 607 shares during the period. Pathstone Family Office LLC grew its holdings in shares of Navient by 9.8% during the third quarter. Pathstone Family Office LLC now owns 11,542 shares of the credit services provider’s stock valued at $199,000 after purchasing an additional 1,029 shares during the last quarter. Swiss National Bank raised its position in shares of Navient by 0.6% during the 3rd quarter. Swiss National Bank now owns 208,500 shares of the credit services provider’s stock worth $3,590,000 after purchasing an additional 1,300 shares during the period. Meritage Portfolio Management lifted its holdings in shares of Navient by 5.5% in the 3rd quarter. Meritage Portfolio Management now owns 29,612 shares of the credit services provider’s stock worth $510,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Algert Global LLC boosted its position in Navient by 21.7% during the 3rd quarter. Algert Global LLC now owns 17,074 shares of the credit services provider’s stock valued at $294,000 after purchasing an additional 3,040 shares during the period. 97.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NAVI shares. Barclays cut their target price on Navient from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reduced their target price on shares of Navient from $19.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. TD Cowen dropped their price target on shares of Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research note on Friday, April 26th. StockNews.com downgraded Navient from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Citigroup raised their target price on Navient from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.10.

Navient Stock Up 3.5 %

Shares of NAVI stock opened at $15.98 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. The stock has a market cap of $1.79 billion, a PE ratio of 10.24 and a beta of 1.39. The business’s fifty day moving average is $16.47 and its 200-day moving average is $17.01. Navient Co. has a 1 year low of $14.10 and a 1 year high of $19.69.

Navient (NASDAQ:NAVI) last released its earnings results on Wednesday, April 24th. The credit services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. Navient had a return on equity of 12.09% and a net margin of 3.93%. The firm had revenue of $163.00 million for the quarter, compared to analyst estimates of $188.04 million. Equities analysts expect that Navient Co. will post 1.66 earnings per share for the current fiscal year.

Navient Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 annualized dividend and a yield of 4.01%. Navient’s dividend payout ratio (DPR) is 41.03%.

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.