Navient (NASDAQ:NAVI) Stock Rating Upgraded by Seaport Res Ptn

Seaport Res Ptn upgraded shares of Navient (NASDAQ:NAVI) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Navient’s FY2025 earnings at $1.25 EPS.

Other research analysts also recently issued reports about the stock. Bank of America cut their target price on shares of Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. StockNews.com raised shares of Navient from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Barclays upped their target price on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. TD Cowen reduced their price target on Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. dropped their price objective on Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $14.58.

Navient Stock Performance

Shares of Navient stock opened at $14.49 on Tuesday. The firm has a 50 day simple moving average of $14.26 and a 200 day simple moving average of $15.01. Navient has a fifty-two week low of $12.73 and a fifty-two week high of $18.36. The company has a debt-to-equity ratio of 16.59, a current ratio of 9.49 and a quick ratio of 9.49. The firm has a market cap of $1.56 billion, a P/E ratio of 21.00 and a beta of 1.43.

Navient (NASDAQ:NAVI) last released its earnings results on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $0.25 by $1.20. Navient had a return on equity of 8.62% and a net margin of 1.71%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $150.04 million. During the same period last year, the firm earned $0.84 EPS. Sell-side analysts predict that Navient will post 2.41 earnings per share for the current fiscal year.

Navient Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, December 6th. This represents a $0.64 annualized dividend and a yield of 4.42%. Navient’s dividend payout ratio is presently 92.75%.

Insider Buying and Selling at Navient

In other Navient news, EVP Stephen M. Hauber sold 10,000 shares of Navient stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the transaction, the executive vice president now owns 256,883 shares of the company’s stock, valued at approximately $3,853,245. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 27.99% of the company’s stock.

Institutional Investors Weigh In On Navient

A number of hedge funds and other institutional investors have recently made changes to their positions in NAVI. Intech Investment Management LLC acquired a new position in Navient during the 3rd quarter worth approximately $1,398,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Navient during the third quarter worth $511,000. Marshall Wace LLP bought a new position in Navient in the second quarter valued at $2,327,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Navient in the 3rd quarter valued at $714,000. Finally, Barclays PLC lifted its position in Navient by 59.0% during the 3rd quarter. Barclays PLC now owns 284,130 shares of the credit services provider’s stock worth $4,429,000 after buying an additional 105,454 shares in the last quarter. 97.14% of the stock is currently owned by institutional investors and hedge funds.

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.