Navient (NASDAQ:NAVI – Get Free Report) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $15.00 to $13.50 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 1.58% from the stock’s current price.
NAVI has been the topic of several other research reports. StockNews.com upgraded shares of Navient from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. TD Cowen reduced their price target on Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Bank of America lowered their price target on Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Finally, Barclays upped their price objective on shares of Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.58.
View Our Latest Research Report on Navient
Navient Stock Performance
Navient (NASDAQ:NAVI – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $1.20. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $150.04 million. Navient had a return on equity of 8.62% and a net margin of 1.71%. During the same quarter last year, the business posted $0.84 EPS. On average, research analysts anticipate that Navient will post 2.47 earnings per share for the current fiscal year.
Insider Transactions at Navient
In other news, EVP Stephen M. Hauber sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00. Following the completion of the sale, the executive vice president now directly owns 256,883 shares of the company’s stock, valued at $3,853,245. This represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 27.99% of the company’s stock.
Institutional Trading of Navient
Several institutional investors and hedge funds have recently bought and sold shares of NAVI. Barclays PLC grew its stake in Navient by 59.0% during the 3rd quarter. Barclays PLC now owns 284,130 shares of the credit services provider’s stock valued at $4,429,000 after acquiring an additional 105,454 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Navient in the 3rd quarter worth approximately $256,000. Wellington Management Group LLP boosted its stake in shares of Navient by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 892,828 shares of the credit services provider’s stock valued at $13,919,000 after buying an additional 8,117 shares during the period. Stadium Capital Management LLC grew its holdings in shares of Navient by 6.7% during the 3rd quarter. Stadium Capital Management LLC now owns 340,170 shares of the credit services provider’s stock valued at $5,303,000 after acquiring an additional 21,385 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in shares of Navient by 12.6% in the third quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider’s stock worth $221,000 after acquiring an additional 1,587 shares during the last quarter. Institutional investors and hedge funds own 97.14% of the company’s stock.
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.
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