Northwestern Mutual Investment Management Company LLC lowered its stake in shares of Navient Corporation (NASDAQ:NAVI) by 78.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,611 shares of the credit services provider’s stock after selling 46,214 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Navient Corporation were worth $151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in Navient Corporation by 45.1% during the 2nd quarter. Bank of Montreal Can now owns 1,154,972 shares of the credit services provider’s stock valued at $19,231,000 after acquiring an additional 359,227 shares during the period. Bank of Nova Scotia bought a new position in Navient Corporation during the 1st quarter valued at about $884,000. ARGI Investment Services LLC lifted its stake in Navient Corporation by 12.2% during the 2nd quarter. ARGI Investment Services LLC now owns 95,127 shares of the credit services provider’s stock valued at $1,584,000 after acquiring an additional 10,363 shares during the period. Oxford Asset Management bought a new position in Navient Corporation during the 1st quarter valued at about $1,527,000. Finally, BB&T Securities LLC lifted its stake in Navient Corporation by 83.1% during the 1st quarter. BB&T Securities LLC now owns 76,851 shares of the credit services provider’s stock valued at $1,134,000 after acquiring an additional 34,874 shares during the period. Institutional investors and hedge funds own 93.02% of the company’s stock.

NAVI has been the topic of several research analyst reports. Credit Suisse Group upgraded shares of Navient Corporation from a “neutral” rating to an “outperform” rating and set a $16.50 target price on the stock in a research note on Friday, September 8th. Stifel Nicolaus upped their target price on shares of Navient Corporation from $24.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, June 12th. BidaskClub upgraded shares of Navient Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research cut shares of Navient Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, ValuEngine upgraded shares of Navient Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.23.

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Navient Corporation (NASDAQ NAVI) opened at 14.06 on Thursday. The company has a market cap of $3.85 billion, a PE ratio of 7.29 and a beta of 2.44. The stock has a 50 day moving average of $13.88 and a 200 day moving average of $14.78. Navient Corporation has a 52 week low of $12.66 and a 52 week high of $17.95.

Navient Corporation (NASDAQ:NAVI) last released its earnings results on Tuesday, July 18th. The credit services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. Navient Corporation had a return on equity of 14.05% and a net margin of 11.50%. The firm had revenue of $343.00 million during the quarter, compared to the consensus estimate of $331.67 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue was down 15.9% compared to the same quarter last year. Equities research analysts predict that Navient Corporation will post $1.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Wednesday, August 30th. Navient Corporation’s dividend payout ratio (DPR) is 33.68%.

Navient Corporation Company Profile

Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).

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Institutional Ownership by Quarter for Navient Corporation (NASDAQ:NAVI)

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