Voya Investment Management LLC Buys 26,414 Shares of Navient Corporation $NAVI

Voya Investment Management LLC lifted its stake in shares of Navient Corporation (NASDAQ:NAVI) by 41.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,772 shares of the credit services provider’s stock after acquiring an additional 26,414 shares during the period. Voya Investment Management LLC owned approximately 0.09% of Navient worth $1,134,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Navient by 1.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,052 shares of the credit services provider’s stock worth $585,000 after acquiring an additional 823 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Navient by 5.6% during the first quarter. Neuberger Berman Group LLC now owns 18,100 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 962 shares in the last quarter. Covestor Ltd increased its position in shares of Navient by 15.7% during the first quarter. Covestor Ltd now owns 7,303 shares of the credit services provider’s stock worth $92,000 after acquiring an additional 993 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Navient during the first quarter worth $40,000. Finally, Harbor Capital Advisors Inc. increased its position 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 worth $134,000 after acquiring an additional 3,802 shares in the last quarter. Institutional investors own 97.14% of the company’s stock.

Navient Trading Down 0.5%

NASDAQ:NAVI opened at $12.92 on Wednesday. The firm’s fifty day moving average is $13.34 and its 200-day moving average is $13.21. The company has a debt-to-equity ratio of 16.52, a quick ratio of 9.94 and a current ratio of 9.94. Navient Corporation has a 52 week low of $10.53 and a 52 week high of $16.15. The firm has a market cap of $1.28 billion, a P/E ratio of 41.68 and a beta of 1.35.

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

Navient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, September 5th. This represents a $0.64 annualized dividend and a yield of 5.0%. Navient’s dividend payout ratio is presently 206.45%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NAVI shares. JPMorgan Chase & Co. increased their price objective on shares of Navient from $12.50 to $15.50 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Morgan Stanley reduced their target price on shares of Navient from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, July 31st. Keefe, Bruyette & Woods reduced their target price 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, Bank of America cut shares of Navient from a “neutral” rating to an “underperform” rating and set a $12.00 target price for the company. in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $13.06.

Navient 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.