Xponance Inc. Purchases 1,440 Shares of Navient Co. (NASDAQ:NAVI)

Xponance Inc. raised its position in shares of Navient Co. (NASDAQ:NAVI) by 11.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,944 shares of the credit services provider’s stock after purchasing an additional 1,440 shares during the quarter. Xponance Inc.’s holdings in Navient were worth $203,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NAVI. Allspring Global Investments Holdings LLC purchased a new position in shares of Navient during the 1st quarter valued at about $36,000. IAG Wealth Partners LLC purchased a new position in shares of Navient during the 2nd quarter valued at about $50,000. Signaturefd LLC lifted its position in shares of Navient by 22.1% during the 2nd quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider’s stock valued at $70,000 after buying an additional 869 shares in the last quarter. Covestor Ltd lifted its position in shares of Navient by 23.1% during the 1st quarter. Covestor Ltd now owns 6,245 shares of the credit services provider’s stock valued at $109,000 after buying an additional 1,173 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Navient by 83.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,107 shares of the credit services provider’s stock valued at $191,000 after buying an additional 5,977 shares in the last quarter. 97.14% of the stock is currently owned by institutional investors.

Navient Stock Performance

Navient stock opened at $15.26 on Thursday. The company’s 50-day moving average price is $15.58 and its 200-day moving average price is $15.52. The company has a quick ratio of 9.99, a current ratio of 9.99 and a debt-to-equity ratio of 17.30. The company has a market cap of $1.71 billion, a PE ratio of 9.84 and a beta of 1.39. Navient Co. has a twelve month low of $13.95 and a twelve month high of $19.68.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.14). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $157.27 million. Navient had a return on equity of 11.06% and a net margin of 3.41%. During the same period in the previous year, the firm earned $0.70 earnings per share. On average, equities research analysts forecast that Navient Co. will post 1.43 EPS for the current fiscal year.

Navient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.16 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.19%. Navient’s dividend payout ratio is presently 41.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NAVI shares. JPMorgan Chase & Co. lowered their price objective on Navient from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, July 8th. Bank of America initiated coverage on Navient in a report on Monday. They issued a “neutral” rating and a $17.00 price target on the stock. Barclays lowered their price target on Navient from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods boosted their price target on Navient from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.70.

Navient Profile

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.