Navient Co. (NASDAQ:NAVI) Holdings Lowered by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lowered its stake in Navient Co. (NASDAQ:NAVI) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 320,173 shares of the credit services provider’s stock after selling 14,913 shares during the period. Brandywine Global Investment Management LLC’s holdings in Navient were worth $4,255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. increased its position in shares of Navient by 6.4% in the fourth quarter. American Century Companies Inc. now owns 1,822,583 shares of the credit services provider’s stock worth $24,222,000 after acquiring an additional 109,229 shares in the last quarter. Bank of New York Mellon Corp grew its position in Navient by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,149,599 shares of the credit services provider’s stock worth $15,278,000 after purchasing an additional 10,788 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Navient by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,092,270 shares of the credit services provider’s stock valued at $17,028,000 after purchasing an additional 19,606 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Navient by 0.9% in the third quarter. Wellington Management Group LLP now owns 892,828 shares of the credit services provider’s stock valued at $13,919,000 after purchasing an additional 8,117 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Navient by 51.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 555,634 shares of the credit services provider’s stock worth $7,384,000 after buying an additional 188,399 shares during the period. Institutional investors and hedge funds own 97.14% of the company’s stock.

Analyst Ratings Changes

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

Navient Stock Performance

NAVI stock opened at $12.62 on Wednesday. The firm has a 50 day moving average of $13.70 and a two-hundred day moving average of $14.40. Navient Co. has a 12 month low of $12.35 and a 12 month high of $17.56. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 10.88 and a beta of 1.36. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35.

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts anticipate that Navient Co. will post 1.04 EPS for the current fiscal year.

Navient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.16 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.64 dividend on an annualized basis and a yield of 5.07%. Navient’s payout ratio is presently 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.