45,780 Shares in Navient Co. (NASDAQ:NAVI) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Navient Co. (NASDAQ:NAVI) during the 3rd quarter, HoldingsChannel reports. The firm bought 45,780 shares of the credit services provider’s stock, valued at approximately $714,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Quest Partners LLC lifted its holdings in shares of Navient by 102,163.1% during the second quarter. Quest Partners LLC now owns 85,901 shares of the credit services provider’s stock valued at $1,251,000 after purchasing an additional 85,817 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Navient during the 2nd quarter valued at about $696,000. Marshall Wace LLP bought a new stake in shares of Navient in the second quarter worth approximately $2,327,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Navient by 3.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 76,850 shares of the credit services provider’s stock valued at $1,338,000 after purchasing an additional 2,410 shares during the last quarter. Finally, Donald Smith & CO. Inc. lifted its position in Navient by 27.8% during the third quarter. Donald Smith & CO. Inc. now owns 3,581,311 shares of the credit services provider’s stock valued at $55,833,000 after purchasing an additional 779,973 shares during the period. Institutional investors own 97.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Navient from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Bank of America began coverage on Navient in a research note on Monday, September 30th. They set a “neutral” rating and a $17.00 price target for the company. StockNews.com upgraded shares of Navient from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Barclays boosted their target price on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Finally, TD Cowen decreased their price target on shares of Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.75.

Navient Stock Performance

NASDAQ NAVI opened at $15.32 on Friday. The company has a quick ratio of 9.49, a current ratio of 9.49 and a debt-to-equity ratio of 16.59. Navient Co. has a twelve month low of $13.71 and a twelve month high of $19.68. The business has a 50-day moving average price of $15.28 and a 200-day moving average price of $15.20. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 22.20 and a beta of 1.39.

Navient (NASDAQ:NAVI) last posted its quarterly earnings results on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $0.25 by $1.20. Navient had a return on equity of 8.62% and a net margin of 1.71%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $150.04 million. During the same period in the prior year, the company posted $0.84 EPS. As a group, equities research analysts predict that Navient Co. will post 2.47 EPS for the current fiscal year.

Navient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.16 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.18%. Navient’s dividend payout ratio is currently 92.75%.

Insider Buying and Selling at Navient

In other Navient news, EVP Stephen M. Hauber sold 10,000 shares of Navient stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the sale, the executive vice president now owns 256,883 shares of the company’s stock, valued at $3,853,245. The trade was a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 27.99% of the company’s stock.

Navient 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.