Hsbc Holdings PLC Has $929,000 Stock Position in Navient Corporation $NAVI

Hsbc Holdings PLC boosted its position in shares of Navient Corporation (NASDAQ:NAVI) by 124.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 113,579 shares of the credit services provider’s stock after buying an additional 63,023 shares during the quarter. Hsbc Holdings PLC’s holdings in Navient were worth $929,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Navient by 70.5% in the 4th quarter. GAMMA Investing LLC now owns 1,978 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 818 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Navient by 6.8% during the second quarter. Corient Private Wealth LLC now owns 18,372 shares of the credit services provider’s stock worth $259,000 after buying an additional 1,168 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Navient by 39.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,228 shares of the credit services provider’s stock worth $55,000 after buying an additional 1,191 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Navient by 15.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,604 shares of the credit services provider’s stock worth $164,000 after buying an additional 1,706 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Navient by 3.7% in the fourth quarter. Deutsche Bank AG now owns 66,251 shares of the credit services provider’s stock valued at $861,000 after buying an additional 2,392 shares during the period. 97.14% of the stock is currently owned by institutional investors and hedge funds.

Navient Stock Down 0.5%

Shares of Navient stock opened at $8.71 on Thursday. Navient Corporation has a 1 year low of $7.33 and a 1 year high of $13.87. The business has a 50-day moving average of $8.30 and a two-hundred day moving average of $8.92. The company has a market capitalization of $818.65 million, a P/E ratio of -13.83 and a beta of 1.19. The company has a debt-to-equity ratio of 16.49, a current ratio of 7.67 and a quick ratio of 7.67.

Navient (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, April 28th. The credit services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Navient had a positive return on equity of 4.39% and a negative net margin of 1.94%.The company had revenue of $152.00 million for the quarter, compared to analyst estimates of $141.47 million. During the same quarter last year, the firm posted $0.25 earnings per share. As a group, equities analysts predict that Navient Corporation will post 0.71 EPS for the current year.

Navient Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 5th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Friday, June 5th. Navient’s dividend payout ratio is presently -101.59%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NAVI shares. Bank of America initiated coverage on shares of Navient in a research note on Monday, April 20th. They issued an “underperform” rating and a $7.00 price objective on the stock. TD Cowen dropped their target price on shares of Navient from $9.00 to $8.50 and set a “sell” rating for the company in a research report on Tuesday, July 7th. Barclays increased their price target on Navient from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Morgan Stanley reduced their price target on Navient from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Navient in a research note on Wednesday, June 24th. Five equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $9.14.

About Navient

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.