Swiss National Bank Sells 5,300 Shares of Navient Corporation $NAVI

Swiss National Bank reduced its stake in shares of Navient Corporation (NASDAQ:NAVI) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,100 shares of the credit services provider’s stock after selling 5,300 shares during the quarter. Swiss National Bank owned about 0.15% of Navient worth $1,972,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC grew its stake in shares of Navient by 815.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 2,176 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Navient during the first quarter valued at approximately $71,000. GAMMA Investing LLC grew its stake in shares of Navient by 2,663.1% during the first quarter. GAMMA Investing LLC now owns 8,096 shares of the credit services provider’s stock valued at $102,000 after purchasing an additional 7,803 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Navient by 55.9% during the first quarter. Harbor Capital Advisors Inc. now owns 10,608 shares of the credit services provider’s stock valued at $134,000 after purchasing an additional 3,802 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Navient during the first quarter valued at approximately $149,000. 97.14% of the stock is owned by institutional investors.

Navient Trading Up 3.8%

Shares of NASDAQ NAVI opened at $13.56 on Friday. The company’s 50 day simple moving average is $13.78 and its 200 day simple moving average is $13.28. Navient Corporation has a fifty-two week low of $10.53 and a fifty-two week 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. The company has a debt-to-equity ratio of 16.52, a current ratio of 9.94 and a quick ratio of 9.94.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data 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). The business had revenue of $156.00 million during the quarter, compared to analyst estimates of $156.20 million. Navient had a net margin of 0.89% and a return on equity of 4.08%. During the same quarter in the prior year, the company earned $0.29 earnings per share. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. On average, analysts predict that Navient Corporation will post 1.04 EPS for the current year.

Navient Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Securities increased their price target 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. TD Cowen cut shares of Navient from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Navient from $12.50 to $15.50 and gave the company a “neutral” rating in a report on Friday, July 11th. Morgan Stanley cut their price objective on shares of Navient from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, July 31st. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Navient from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price 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.