Navient Corporation (NASDAQ:NAVI) Position Cut by Nicolet Bankshares Inc.

Nicolet Bankshares Inc. lowered its position in shares of Navient Corporation (NASDAQ:NAVI) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,105 shares of the credit services provider’s stock after selling 300 shares during the period. Nicolet Bankshares Inc.’s holdings in Navient Corporation were worth $301,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NAVI. Coconut Grove Bank boosted its stake in Navient Corporation by 107.1% in the first quarter. Coconut Grove Bank now owns 6,960 shares of the credit services provider’s stock worth $103,000 after buying an additional 3,600 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Navient Corporation by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,952 shares of the credit services provider’s stock worth $103,000 after buying an additional 118 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Navient Corporation during the first quarter worth about $112,000. Creative Planning boosted its stake in Navient Corporation by 7.2% in the second quarter. Creative Planning now owns 7,066 shares of the credit services provider’s stock worth $118,000 after buying an additional 472 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Navient Corporation during the first quarter worth about $153,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Navient Corporation (NASDAQ NAVI) traded down 0.15% during trading on Friday, hitting $13.68. The stock had a trading volume of 1,485,345 shares. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 7.09 and a beta of 2.43. The stock has a 50 day moving average price of $15.48 and a 200 day moving average price of $15.10. Navient Corporation has a 12-month low of $12.66 and a 12-month high of $17.95.

Navient Corporation (NASDAQ:NAVI) last posted its quarterly earnings data on Tuesday, July 18th. The credit services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. Navient Corporation had a net margin of 11.50% and a return on equity of 14.05%. The company had revenue of $343 million during the quarter, compared to the consensus estimate of $331.67 million. During the same period in the prior year, the business posted $0.47 EPS. The company’s quarterly revenue was down 15.9% on a year-over-year basis. Equities research analysts forecast that Navient Corporation will post $1.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 annualized dividend and a yield of 4.68%. Navient Corporation’s dividend payout ratio (DPR) is currently 33.68%.

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A number of analysts have weighed in on NAVI shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $20.00 price target on shares of Navient Corporation in a research report on Friday, July 14th. BidaskClub raised Navient Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Navient Corporation in a research report on Monday, June 12th. Stifel Nicolaus boosted their price target on Navient Corporation from $24.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, June 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $16.00 price target (down previously from $17.00) on shares of Navient Corporation in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Navient Corporation has an average rating of “Hold” and an average target price of $18.55.

Navient Corporation Company Profile

Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).

Institutional Ownership by Quarter for Navient Corporation (NASDAQ:NAVI)

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