Navient Co. (NASDAQ:NAVI) Stock Holdings Decreased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its position in Navient Co. (NASDAQ:NAVI) by 3.4% in the fourth quarter, Holdings Channel reports. The firm owned 896,353 shares of the credit services provider’s stock after selling 31,306 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Navient were worth $16,690,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in Navient by 13.1% during the third quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider’s stock worth $90,000 after purchasing an additional 607 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Navient by 1,762.0% during the fourth quarter. International Assets Investment Management LLC now owns 9,310 shares of the credit services provider’s stock valued at $173,000 after purchasing an additional 8,810 shares during the last quarter. Boulder Hill Capital Management LP acquired a new stake in shares of Navient during the 4th quarter worth approximately $188,000. Dimension Capital Management LLC bought a new stake in shares of Navient in the 3rd quarter worth approximately $195,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Navient during the 4th quarter valued at approximately $248,000. Institutional investors own 97.14% of the company’s stock.

Navient Stock Down 0.2 %

NAVI opened at $14.20 on Friday. The company has a debt-to-equity ratio of 18.38, a quick ratio of 12.52 and a current ratio of 12.52. The company has a market capitalization of $1.59 billion, a PE ratio of 9.10 and a beta of 1.40. The stock’s fifty day moving average is $15.10 and its 200-day moving average is $16.46. Navient Co. has a one year low of $13.96 and a one year high of $19.69.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. Navient had a net margin of 3.93% and a return on equity of 12.09%. The firm had revenue of $163.00 million for the quarter, compared to analysts’ expectations of $188.04 million. On average, equities analysts predict that Navient Co. will post 1.66 EPS for the current fiscal year.

Navient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.64 annualized dividend and a yield of 4.51%. Navient’s dividend payout ratio (DPR) is 41.03%.

Insider Buying and Selling at Navient

In other news, EVP Mark L. Heleen sold 10,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $16.00, for a total transaction of $160,000.00. Following the completion of the sale, the executive vice president now directly owns 393,611 shares of the company’s stock, valued at approximately $6,297,776. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 27.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen cut their target price on Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research note on Friday, April 26th. Keefe, Bruyette & Woods reduced their target price on shares of Navient from $19.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on shares of Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, Barclays reduced their price objective on Navient from $13.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.10.

About Navient

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.