Featured Stock Overview: Navient Corporation (NASDAQ:NAVI)

Navient Corporation (NASDAQ:NAVI) now has a "Buy" signals on Composite indicators by TrendSpotter. The fund purchased 19,913 shares of the credit services provider's stock, valued at approximately $299,000. It worsened, as 39 investors sold Navient Corporation shares while 148 reduced holdings. Prudential Financial Inc. boosted its holdings in Navient by 3.4% during the third quarter. Winslow Evans Crocker Inc reported 238 shares. Nomura Holdings Inc. acquired a new stake in Navient in the second quarter valued at $360,000. Two analysts have made estimates for Navient's earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.43. Municipal Employees Retirement System of MI now owns 27,600 shares of the credit services provider's stock worth $460,000 after purchasing an additional 17,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Navient by 16.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 7,564 shares of the credit services provider's stock worth $126,000 after buying an additional 612 shares during the period. Boston Advisors LLC grew its stake in shares of Navient by 17.4% during the 2nd quarter. LS Investment Advisors LLC now owns 19,154 shares of the credit services provider's stock valued at $283,000 after buying an additional 2,115 shares during the last quarter. Finally, Citigroup began coverage on Navient in a research note on Monday, October 16th. While 20-Day Moving Average VS Current Price shows "Buy" Signal. Compass Point lowered shares of Navient from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $16.50 to $15.50 in a research note on Thursday, October 5th. Finally, Zacks Investment Research upgraded shares of Navient from a "sell" rating to a "hold" rating in a research note on Tuesday, September 19th. The stock of Navient Corporation (NASDAQ:NAVI) has "Hold" rating given on Thursday, July 20 by Jefferies. Navient Corporation has $24 highest and $14 lowest target. The stock was sold at an average price of $15.00, for a total transaction of $433,290.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Christian M. Lown bought 6,000 shares of the business's stock in a transaction that occurred on Friday, October 20th. The shares were acquired at an average price of $12.35 per share, for a total transaction of $74,100.00. The disclosure for this purchase can be found here. Amp Cap Invsts Limited has invested 0.01% in Navient Corporation (NASDAQ:NAVI). Navient Corporation (NAVI) stock price yielded a positive 14.36% lead over its 52-week low and communicated declining move of -24.89% over its 52-week high. The company has 2.47 value in price to sale ratio while price to book ratio was recorded as 1.00.

Navient (NASDAQ:NAVI) last posted its earnings results on Tuesday, October 17th. The company had revenue of $334 million for the quarter, compared to analysts' expectations of $345.60 million. Navient Corp had a net margin of 13.72% and a return on equity of 15.65%. The company had revenue of $343.00 million during the quarter, compared to the consensus estimate of $361.33 million. During the same period past year, the company earned $0.50 EPS. After $0.55 actual earnings per share reported by Navient Corporation for the previous quarter, Wall Street now forecasts -23.64 % negative EPS growth. The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th.

Investors sentiment decreased to 0.65 in Q2 2017. The ex-dividend date is Wednesday, May 31st. Navient Corp's dividend payout ratio (DPR) is presently 30.19%.

Navient declared that its Board of Directors has initiated a share buyback program on Wednesday, October 4th that permits the company to repurchase outstanding shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. However, the institutional investors are observed to own 98.50% of the total shares.

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Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The firm operates in three divisions: Federal Family Education Loan Program Loans, Private Education Loans, and Business Services.

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