Macquarie Group Ltd. Reduces Position in Navient Corp (NAVI)

Macquarie Group Ltd. reduced its position in shares of Navient Corp (NASDAQ:NAVI) by 79.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the credit services provider’s stock after selling 19,173 shares during the period. Macquarie Group Ltd.’s holdings in Navient were worth $179,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Stone Ridge Asset Management LLC acquired a new stake in shares of Navient during the 4th quarter valued at approximately $141,000. First Allied Advisory Services Inc. acquired a new stake in shares of Navient during the 4th quarter valued at approximately $148,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Navient during the 4th quarter valued at approximately $155,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Navient during the 4th quarter valued at approximately $177,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Navient during the 4th quarter valued at approximately $203,000. 97.87% of the stock is currently owned by institutional investors and hedge funds.

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In other Navient news, SVP Stephen M. Hauber sold 17,423 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $14.40, for a total value of $250,891.20. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.68% of the stock is owned by company insiders.

Shares of NASDAQ NAVI opened at $13.39 on Tuesday. Navient Corp has a 1-year low of $11.48 and a 1-year high of $16.97. The company has a current ratio of 22.35, a quick ratio of 22.35 and a debt-to-equity ratio of 30.13. The firm has a market capitalization of $3,495.17, a price-to-earnings ratio of 7.48, a P/E/G ratio of 1.16 and a beta of 2.19.

Navient (NASDAQ:NAVI) last issued its earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Navient had a return on equity of 13.90% and a net margin of 5.94%. The firm had revenue of $366.00 million for the quarter, compared to analyst estimates of $362.33 million. During the same period last year, the company earned $0.43 earnings per share. sell-side analysts anticipate that Navient Corp will post 1.91 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.78%. The ex-dividend date is Thursday, May 31st. Navient’s dividend payout ratio is presently 35.75%.

Several equities research analysts recently issued reports on NAVI shares. ValuEngine lowered Navient from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. BidaskClub lowered Navient from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. UBS started coverage on Navient in a research report on Monday, January 8th. They set a “market perform” rating on the stock. Zacks Investment Research lowered Navient from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, JPMorgan Chase lowered Navient from a “neutral” rating to an “underweight” rating in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Navient has a consensus rating of “Hold” and a consensus price target of $17.55.

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Navient Company Profile

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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