O Shaughnessy Asset Management LLC Grows Stock Position in Navient Co. (NASDAQ:NAVI)

O Shaughnessy Asset Management LLC grew its position in shares of Navient Co. (NASDAQ:NAVI) by 16.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,422 shares of the credit services provider’s stock after buying an additional 2,294 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Navient were worth $317,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Captrust Financial Advisors lifted its stake in Navient by 926.3% in the 1st quarter. Captrust Financial Advisors now owns 3,900 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 3,520 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Navient by 9.3% during the second quarter. PNC Financial Services Group Inc. now owns 5,665 shares of the credit services provider’s stock valued at $109,000 after buying an additional 483 shares during the period. Carolina Wealth Advisors LLC grew its position in Navient by 18.5% during the second quarter. Carolina Wealth Advisors LLC now owns 6,124 shares of the credit services provider’s stock worth $118,000 after buying an additional 956 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in shares of Navient during the 2nd quarter valued at about $126,000. Finally, McIlrath & Eck LLC purchased a new position in shares of Navient during the second quarter worth about $159,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

A number of brokerages have recently issued reports on NAVI. Stephens lifted their price objective on Navient from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 29th. Keefe, Bruyette & Woods downgraded shares of Navient from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $19.00 to $20.00 in a report on Tuesday, July 6th. Barclays increased their price target on shares of Navient from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, July 9th. Jefferies Financial Group boosted their target price on Navient from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, June 10th. Finally, Credit Suisse Group upped their target price on shares of Navient from $15.50 to $17.50 and gave the stock a “neutral” rating in a research note on Friday, July 2nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.72.

Shares of NASDAQ NAVI opened at $23.49 on Friday. The company has a market capitalization of $3.94 billion, a PE ratio of 4.60 and a beta of 1.82. Navient Co. has a 12-month low of $7.42 and a 12-month high of $23.80. The company has a debt-to-equity ratio of 27.96, a current ratio of 19.43 and a quick ratio of 19.43. The firm’s 50-day moving average is $21.63 and its two-hundred day moving average is $18.17.

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Monday, July 26th. The credit services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. Navient had a return on equity of 32.60% and a net margin of 25.84%. The business had revenue of $295.00 million during the quarter, compared to the consensus estimate of $268.06 million. During the same period in the prior year, the firm posted $0.92 EPS. On average, analysts forecast that Navient Co. will post 4.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 17th. Stockholders of record on Friday, September 3rd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, September 2nd. This represents a $0.64 annualized dividend and a dividend yield of 2.72%. Navient’s payout ratio is 19.75%.

Navient Profile

Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio.

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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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