Raymond James & Associates lessened its holdings in Navient Corp (NASDAQ:NAVI) by 40.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 170,285 shares of the credit services provider’s stock after selling 116,037 shares during the quarter. Raymond James & Associates’ holdings in Navient were worth $1,500,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Doyle Wealth Management acquired a new position in shares of Navient in the fourth quarter valued at approximately $46,000. Janus Henderson Group PLC bought a new position in Navient in the 3rd quarter worth about $151,000. Signition LP boosted its stake in Navient by 13.6% in the 4th quarter. Signition LP now owns 11,362 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,358 shares during the period. Penserra Capital Management LLC bought a new position in Navient in the 4th quarter worth about $106,000. Finally, Zweig DiMenna Associates LLC bought a new position in Navient in the 4th quarter worth about $109,000. 96.30% of the stock is owned by institutional investors.

NASDAQ NAVI opened at $11.56 on Thursday. The company has a debt-to-equity ratio of 26.37, a quick ratio of 17.67 and a current ratio of 17.67. Navient Corp has a twelve month low of $8.23 and a twelve month high of $15.02. The company has a market cap of $2.84 billion, a P/E ratio of 5.53, a PEG ratio of 1.96 and a beta of 2.31.

Navient (NASDAQ:NAVI) last released its earnings results on Tuesday, January 22nd. The credit services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.11. Navient had a return on equity of 14.08% and a net margin of 7.04%. The business had revenue of $307.00 million for the quarter, compared to the consensus estimate of $315.67 million. During the same period in the previous year, the company posted $0.43 earnings per share. Research analysts predict that Navient Corp will post 1.97 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend was Thursday, February 28th. Navient’s dividend payout ratio (DPR) is 30.62%.

NAVI has been the subject of several analyst reports. ValuEngine upgraded Navient from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 19th. JPMorgan Chase & Co. upgraded Navient from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $13.00 to $12.00 in a research report on Wednesday, January 16th. BidaskClub downgraded Navient from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. Zacks Investment Research downgraded Navient from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, Barclays set a $14.00 price target on Navient and gave the stock a “buy” rating in a research note on Friday, December 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.79.

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Navient Company 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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