Corient Private Wealth LLC Sells 2,904 Shares of Navient Co. (NASDAQ:NAVI)

Corient Private Wealth LLC reduced its holdings in shares of Navient Co. (NASDAQ:NAVI) by 13.8% in the fourth quarter, HoldingsChannel reports. The fund owned 18,125 shares of the credit services provider’s stock after selling 2,904 shares during the period. Corient Private Wealth LLC’s holdings in Navient were worth $241,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Prescott Group Capital Management L.L.C. bought a new position in shares of Navient during the fourth quarter valued at approximately $2,525,000. Edgestream Partners L.P. increased its position in Navient by 156.5% during the 4th quarter. Edgestream Partners L.P. now owns 247,650 shares of the credit services provider’s stock valued at $3,291,000 after buying an additional 151,086 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in Navient by 43.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 395,948 shares of the credit services provider’s stock valued at $5,262,000 after buying an additional 119,317 shares during the last quarter. Barclays PLC boosted its holdings in Navient by 59.0% in the third quarter. Barclays PLC now owns 284,130 shares of the credit services provider’s stock worth $4,429,000 after acquiring an additional 105,454 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Navient in the third quarter worth $511,000. Institutional investors own 97.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NAVI shares. StockNews.com downgraded Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods reduced their price objective on shares of Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a research note on Monday. Seaport Res Ptn upgraded shares of Navient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut their price target on shares of Navient from $15.00 to $13.50 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Bank of America decreased their price objective on shares of Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, Navient presently has a consensus rating of “Hold” and a consensus target price of $13.50.

Navient Price Performance

NAVI opened at $12.63 on Tuesday. The company’s 50-day simple moving average is $13.73 and its two-hundred day simple moving average is $14.42. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48. The stock has a market capitalization of $1.29 billion, a P/E ratio of 10.89 and a beta of 1.36. Navient Co. has a 52-week low of $12.51 and a 52-week high of $17.56.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.69%. As a group, analysts predict that Navient Co. will post 1.04 EPS for the current year.

Navient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.07%. Navient’s dividend payout ratio (DPR) is currently 55.17%.

Navient Company 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.