Barrow Hanley Mewhinney & Strauss LLC lowered its position in shares of Navient Corp (NASDAQ:NAVI) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,145,214 shares of the credit services provider’s stock after selling 1,214,226 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.10% of Navient worth $221,529,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in Navient by 781.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 907,606 shares of the credit services provider’s stock valued at $103,000 after buying an additional 804,586 shares in the last quarter. BlackRock Inc. grew its position in Navient by 3.3% in the 4th quarter. BlackRock Inc. now owns 23,806,736 shares of the credit services provider’s stock valued at $209,740,000 after buying an additional 763,973 shares in the last quarter. Southside Capital LLC bought a new position in Navient in the 4th quarter valued at about $6,105,000. Matarin Capital Management LLC bought a new position in Navient in the 3rd quarter valued at about $9,068,000. Finally, Robeco Institutional Asset Management B.V. grew its position in Navient by 32.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,493,502 shares of the credit services provider’s stock valued at $21,993,000 after buying an additional 606,721 shares in the last quarter. Institutional investors and hedge funds own 96.30% of the company’s stock.

NASDAQ:NAVI opened at $11.62 on Wednesday. Navient Corp has a twelve month low of $8.23 and a twelve month high of $15.02. The company has a debt-to-equity ratio of 26.37, a current ratio of 17.67 and a quick ratio of 17.67. The stock has a market cap of $2.83 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 1.96 and a beta of 2.31.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Tuesday, January 22nd. The credit services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $307.00 million during the quarter, compared to analyst estimates of $315.67 million. During the same quarter last year, the firm posted $0.43 EPS. Equities research analysts expect that Navient Corp will post 1.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 5.51%. Navient’s dividend payout ratio (DPR) is 30.62%.

A number of equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Navient from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. Zacks Investment Research upgraded shares of Navient from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. BidaskClub lowered shares of Navient from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Oppenheimer reiterated a “hold” rating on shares of Navient in a research report on Monday. Finally, JPMorgan Chase & Co. upgraded shares of Navient from an “underweight” rating to a “neutral” rating and decreased their target price for the company from $13.00 to $12.00 in a research report on Wednesday, January 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.79.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/barrow-hanley-mewhinney-strauss-llc-sells-1214226-shares-of-navient-corp-navi/2920342.html.

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.

Featured Story: Roth IRA

Want to see what other hedge funds are holding NAVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navient Corp (NASDAQ:NAVI).

Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

Receive News & Ratings for Navient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navient and related companies with MarketBeat.com's FREE daily email newsletter.