BNP Paribas Financial Markets Sells 37,665 Shares of Navient Co. (NASDAQ:NAVI)

BNP Paribas Financial Markets cut its position in shares of Navient Co. (NASDAQ:NAVI) by 55.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,385 shares of the credit services provider’s stock after selling 37,665 shares during the quarter. BNP Paribas Financial Markets’ holdings in Navient were worth $404,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC raised its holdings in Navient by 110.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 62,921 shares of the credit services provider’s stock valued at $836,000 after buying an additional 33,057 shares during the last quarter. Northern Trust Corp grew its position in Navient by 14.6% during the 4th quarter. Northern Trust Corp now owns 1,567,466 shares of the credit services provider’s stock valued at $20,832,000 after purchasing an additional 199,937 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in Navient by 1,088.8% in the 4th quarter. Tudor Investment Corp ET AL now owns 460,646 shares of the credit services provider’s stock worth $6,122,000 after acquiring an additional 421,898 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Navient during the fourth quarter valued at $442,000. Finally, Nebula Research & Development LLC purchased a new position in shares of Navient during the fourth quarter valued at approximately $296,000. 97.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NAVI. Keefe, Bruyette & Woods cut their price target on Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. JPMorgan Chase & Co. lifted their price target on shares of Navient from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Thursday, May 1st. Wall Street Zen downgraded shares of Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. TD Securities increased their target price on shares of Navient from $11.00 to $12.00 and gave the company a “sell” rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group decreased their target price on Navient from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.93.

Navient Trading Up 0.2%

Shares of NASDAQ NAVI opened at $13.25 on Monday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 11.42 and a beta of 1.38. The business has a fifty day moving average price of $12.45 and a 200 day moving average price of $13.54. Navient Co. has a 1-year low of $10.53 and a 1-year high of $16.97. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49.

Navient (NASDAQ:NAVI) last released its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Navient had a return on equity of 6.69% and a net margin of 2.96%. The company had revenue of $156.00 million during the quarter, compared to analysts’ expectations of $150.40 million. During the same period last year, the business posted $0.47 earnings per share. Equities research analysts expect that Navient Co. will post 1.04 EPS for the current fiscal year.

Navient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.64 annualized dividend and a yield of 4.83%. Navient’s dividend payout ratio (DPR) is presently 128.00%.

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.