Navient Corporation $NAVI Holdings Raised by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in shares of Navient Corporation (NASDAQ:NAVI) by 41.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,939,380 shares of the credit services provider’s stock after buying an additional 568,590 shares during the period. Wellington Management Group LLP’s holdings in Navient were worth $16,504,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC increased its position in Navient by 325.6% in the 1st quarter. Parallel Advisors LLC now owns 5,005 shares of the credit services provider’s stock worth $41,000 after purchasing an additional 3,829 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Navient by 552.6% in the 2nd quarter. Versant Capital Management Inc now owns 4,855 shares of the credit services provider’s stock valued at $41,000 after purchasing an additional 4,111 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Navient during the fourth quarter worth $44,000. PNC Financial Services Group Inc. lifted its position in shares of Navient by 39.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,228 shares of the credit services provider’s stock worth $55,000 after buying an additional 1,191 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Navient by 3,045.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the credit services provider’s stock valued at $67,000 after acquiring an additional 4,964 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. TD Cowen reiterated a “sell” rating on shares of Navient in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Navient in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Navient from $9.50 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Five analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Navient currently has a consensus rating of “Reduce” and an average target price of $9.14.

Navient Price Performance

Shares of NASDAQ:NAVI opened at $9.63 on Monday. The business has a 50 day moving average price of $8.86 and a 200 day moving average price of $8.57. Navient Corporation has a twelve month low of $7.33 and a twelve month high of $13.84. The company has a market cap of $903.10 million, a price-to-earnings ratio of -19.26 and a beta of 1.18. The company has a quick ratio of 10.53, a current ratio of 10.53 and a debt-to-equity ratio of 16.73.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Thursday, August 6th. The credit services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.20 by $0.09. The company had revenue of $150.00 million for the quarter, compared to the consensus estimate of $142.87 million. Navient had a positive return on equity of 4.68% and a negative net margin of 1.64%.During the same period in the previous year, the business posted $0.20 EPS. Research analysts predict that Navient Corporation will post 0.78 earnings per share for the current year.

Navient Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $0.16 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.64 annualized dividend and a dividend yield of 6.6%. Navient’s dividend payout ratio (DPR) is presently -128.00%.

Navient Profile

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.