Charles Schwab Investment Management Inc. Increases Position in Navient Corporation $NAVI

Charles Schwab Investment Management Inc. grew its holdings in Navient Corporation (NASDAQ:NAVI) by 32.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,439,903 shares of the credit services provider’s stock after buying an additional 353,898 shares during the period. Charles Schwab Investment Management Inc. owned 1.42% of Navient worth $18,186,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its position in Navient by 47.1% during the 1st quarter. Allianz Asset Management GmbH now owns 381,040 shares of the credit services provider’s stock worth $4,813,000 after acquiring an additional 122,061 shares during the period. Bank of America Corp DE lifted its position in Navient by 69.4% during the 4th quarter. Bank of America Corp DE now owns 667,372 shares of the credit services provider’s stock worth $8,869,000 after acquiring an additional 273,483 shares during the period. Two Sigma Investments LP lifted its position in Navient by 39.0% during the 4th quarter. Two Sigma Investments LP now owns 130,046 shares of the credit services provider’s stock worth $1,728,000 after acquiring an additional 36,498 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Navient by 19.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 192,867 shares of the credit services provider’s stock worth $2,563,000 after acquiring an additional 30,798 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Navient by 149.5% during the 4th quarter. Two Sigma Advisers LP now owns 51,900 shares of the credit services provider’s stock worth $690,000 after acquiring an additional 31,100 shares during the period. 97.14% of the stock is owned by institutional investors and hedge funds.

Navient Trading Up 3.8%

Shares of NAVI opened at $13.56 on Friday. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 16.52. The firm’s 50-day moving average is $13.78 and its two-hundred day moving average is $13.29. Navient Corporation has a twelve month low of $10.53 and a twelve month high of $16.97. The firm has a market capitalization of $1.35 billion, a P/E ratio of 43.74 and a beta of 1.37.

Navient (NASDAQ:NAVI) last issued its earnings results on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). Navient had a return on equity of 4.08% and a net margin of 0.89%.The company had revenue of $156.00 million for the quarter, compared to analyst estimates of $156.20 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. On average, research analysts predict that Navient Corporation will post 1.04 earnings per share for the current fiscal year.

Navient Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, September 5th. Navient’s dividend payout ratio is presently 206.45%.

Analyst Ratings Changes

A number of analysts have weighed in on NAVI shares. Morgan Stanley decreased their price objective on Navient from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Navient from $12.50 to $15.50 and gave the stock a “neutral” rating in a report on Friday, July 11th. TD Securities increased their price target on shares of Navient from $11.00 to $12.00 and gave the stock a “sell” rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods cut their price target on shares of Navient from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Thursday, July 31st. Finally, TD Cowen cut shares of Navient from a “hold” rating to a “strong sell” rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $13.56.

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.