Kendall Capital Management Has $386,000 Holdings in Navient Corporation $NAVI

Kendall Capital Management lessened its holdings in Navient Corporation (NASDAQ:NAVI) by 15.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,350 shares of the credit services provider’s stock after selling 4,850 shares during the quarter. Kendall Capital Management’s holdings in Navient were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Orbis Allan Gray Ltd lifted its holdings in shares of Navient by 29.7% in the 1st quarter. Orbis Allan Gray Ltd now owns 2,311,785 shares of the credit services provider’s stock worth $29,198,000 after purchasing an additional 528,716 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Navient by 47.4% during the fourth quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider’s stock valued at $17,488,000 after acquiring an additional 423,013 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Navient by 32.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,439,903 shares of the credit services provider’s stock worth $18,186,000 after purchasing an additional 353,898 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Navient in the fourth quarter worth $3,182,000. Finally, Nuveen LLC purchased a new stake in shares of Navient during the first quarter valued at $2,986,000. Institutional investors and hedge funds own 97.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America cut Navient from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a report on Thursday, September 4th. Morgan Stanley reduced their price target on Navient from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on Navient from $12.50 to $15.50 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Finally, Keefe, Bruyette & Woods cut their price target on Navient from $16.50 to $15.00 and set a “market perform” rating on the stock in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Navient presently has a consensus rating of “Reduce” and an average target price of $13.06.

Navient Trading Down 0.2%

Navient stock opened at $12.83 on Friday. The company has a debt-to-equity ratio of 16.52, a quick ratio of 9.94 and a current ratio of 9.94. Navient Corporation has a 52 week low of $10.53 and a 52 week high of $16.15. The company has a 50 day moving average price of $13.25 and a 200 day moving average price of $13.20. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 41.39 and a beta of 1.35.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). The company had revenue of $156.00 million for the quarter, compared to the consensus estimate of $156.20 million. Navient had a return on equity of 4.08% and a net margin of 0.89%.During the same quarter in the previous year, the firm posted $0.29 EPS. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. Research analysts forecast that Navient Corporation will post 1.04 EPS for the current year.

Navient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Friday, September 5th. Navient’s dividend payout ratio (DPR) is currently 206.45%.

About Navient

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.