New Mexico Educational Retirement Board trimmed its holdings in shares of Navient Corp (NASDAQ:NAVI) by 23.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,700 shares of the credit services provider’s stock after selling 14,300 shares during the period. New Mexico Educational Retirement Board’s holdings in Navient were worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. People s United Financial Inc. boosted its holdings in shares of Navient by 4.9% during the third quarter. People s United Financial Inc. now owns 100,003 shares of the credit services provider’s stock worth $1,348,000 after purchasing an additional 4,671 shares during the period. Advisors Asset Management Inc. raised its stake in Navient by 20.7% in the second quarter. Advisors Asset Management Inc. now owns 30,473 shares of the credit services provider’s stock worth $397,000 after buying an additional 5,233 shares in the last quarter. Oakbrook Investments LLC raised its stake in Navient by 24.8% in the third quarter. Oakbrook Investments LLC now owns 31,435 shares of the credit services provider’s stock worth $424,000 after buying an additional 6,240 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Navient by 6.6% in the third quarter. Janney Montgomery Scott LLC now owns 101,608 shares of the credit services provider’s stock worth $1,370,000 after buying an additional 6,306 shares in the last quarter. Finally, Gryphon Financial Partners LLC raised its stake in Navient by 212.9% in the third quarter. Gryphon Financial Partners LLC now owns 10,113 shares of the credit services provider’s stock worth $137,000 after buying an additional 6,881 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

A number of equities analysts recently issued reports on NAVI shares. Zacks Investment Research raised shares of Navient from a “sell” rating to a “hold” rating and set a $13.00 price target for the company in a research note on Monday, October 22nd. Oppenheimer reissued a “hold” rating on shares of Navient in a research note on Thursday, October 25th. Citigroup decreased their price target on shares of Navient from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. ValuEngine downgraded shares of Navient from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Finally, BidaskClub downgraded shares of Navient from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Navient presently has a consensus rating of “Hold” and an average price target of $14.79.

Shares of NASDAQ NAVI opened at $11.25 on Monday. Navient Corp has a fifty-two week low of $8.23 and a fifty-two week high of $15.02. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 5.38 and a beta of 2.30. The company has a quick ratio of 19.74, a current ratio of 17.67 and a debt-to-equity ratio of 26.37.

Navient (NASDAQ:NAVI) last announced its earnings results on Tuesday, January 22nd. The credit services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.11. Navient had a net margin of 7.04% and a return on equity of 14.08%. The business had revenue of $307.00 million during the quarter, compared to the consensus estimate of $315.67 million. During the same quarter last year, the firm earned $0.43 earnings per share. On average, sell-side analysts anticipate that Navient Corp will post 1.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend is Thursday, February 28th. Navient’s dividend payout ratio is 30.62%.

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Navient Profile

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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