GAM Holding AG Raises Position in Navient Corp (NASDAQ:NAVI)

GAM Holding AG grew its holdings in Navient Corp (NASDAQ:NAVI) by 77.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,896 shares of the credit services provider’s stock after purchasing an additional 27,881 shares during the quarter. GAM Holding AG’s holdings in Navient were worth $739,000 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 NAVI. Caxton Associates LP purchased a new stake in shares of Navient during the 4th quarter valued at approximately $116,000. Janney Montgomery Scott LLC lifted its position in shares of Navient by 34.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 107,747 shares of the credit services provider’s stock worth $1,247,000 after purchasing an additional 27,813 shares during the last quarter. Intrust Bank NA lifted its position in Navient by 144.6% in the fourth quarter. Intrust Bank NA now owns 30,272 shares of the credit services provider’s stock valued at $266,000 after acquiring an additional 17,895 shares during the last quarter. LSV Asset Management lifted its position in Navient by 0.7% in the fourth quarter. LSV Asset Management now owns 6,889,622 shares of the credit services provider’s stock valued at $60,697,000 after acquiring an additional 48,100 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of Navient by 26.8% in the fourth quarter. Xact Kapitalforvaltning AB now owns 50,600 shares of the credit services provider’s stock valued at $446,000 after buying an additional 10,700 shares during the last quarter. 94.11% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on NAVI. BidaskClub upgraded shares of Navient from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Oppenheimer reaffirmed a “hold” rating on shares of Navient in a research note on Friday, April 5th. Zacks Investment Research raised shares of Navient from a “sell” rating to a “hold” rating in a report on Monday, February 25th. ValuEngine upgraded shares of Navient from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, BMO Capital Markets boosted their price target on shares of Navient from $14.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $15.10.

Shares of NAVI stock opened at $13.33 on Wednesday. Navient Corp has a one year low of $8.23 and a one year high of $14.69. The company has a debt-to-equity ratio of 25.60, a current ratio of 12.43 and a quick ratio of 12.43. The stock has a market capitalization of $3.18 billion, a PE ratio of 6.38, a P/E/G ratio of 2.03 and a beta of 2.19.

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.46 by $0.12. Navient had a return on equity of 15.10% and a net margin of 6.99%. The company had revenue of $285.00 million during the quarter, compared to the consensus estimate of $304.67 million. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, sell-side analysts expect that Navient Corp will post 2.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Thursday, June 6th. Navient’s dividend payout ratio is presently 30.62%.

In related news, EVP Stephen M. Hauber sold 9,000 shares of Navient stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $13.63, for a total value of $122,670.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.85% of the company’s stock.

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Navient Profile

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.

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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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