Navient Corporation (NASDAQ:NAVI) is expected to pay $0.16 on Dec 16, 2016. The indicated annual dividend is $0.64. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Navient Corporation’s current price of $17.49, the dividend is 0.91%. This dividend’s record date is Dec 2, 2016 and the announcement date is Oct 7, 2016. The stock decreased 0.91% or $0.16 during the last trading session, hitting $17.49. Navient Corp (NASDAQ:NAVI) has risen 28.04% since April 26, 2016 and is uptrending. It has outperformed by 22.78% the S&P500.
Navient Corporation is a loan management, servicing and asset recovery company. The company has a market cap of $5.24 billion. The Firm holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program , as well as the portfolio of Private Education Loans. It has a 7.19 P/E ratio. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies.
Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.11, from 0.93 in 2016Q1. The ratio is negative, as 33 funds sold all Navient Corp shares owned while 127 reduced positions. 45 funds bought stakes while 104 increased positions. They now own 297.11 million shares or 7.13% more from 277.33 million shares in 2016Q1.
Principal Gp has invested 0.01% of its portfolio in Navient Corp (NASDAQ:NAVI). Moreover, Fukoku Mutual Life has 0.02% invested in Navient Corp (NASDAQ:NAVI) for 7,200 shares. Citadel Advisors Limited Liability Corp last reported 48,397 shares in the company. Hartford Investment Communication holds 0.02% or 80,219 shares in its portfolio. Moreover, Checchi Advisers Ltd has 0.01% invested in Navient Corp (NASDAQ:NAVI) for 4,288 shares. The Kentucky-based Argi Inv Services Limited Company has invested 0.1% in Navient Corp (NASDAQ:NAVI). Stevens Cap L P holds 15,668 shares or 0.01% of its portfolio. Janus Limited Co holds 0% of its portfolio in Navient Corp (NASDAQ:NAVI) for 102,300 shares. Macquarie Grp accumulated 0% or 10,500 shares. Quantitative Investment Management Lc last reported 0.04% of its portfolio in the stock. Global X Mngmt Com Lc owns 48 shares or 0% of their US portfolio. Deutsche Bancshares Ag reported 2.78M shares or 0.02% of all its holdings. Moreover, Gsa Cap Prtn Limited Liability Partnership has 0.03% invested in Navient Corp (NASDAQ:NAVI) for 48,281 shares. Us Bankshares De has 96,804 shares for 0% of their US portfolio. Springbok Management Limited Liability Corp, a New York-based fund reported 1,986 shares.
Navient Corp (NASDAQ:NAVI) Ratings Coverage
Out of 7 analysts covering Navient Corporation (NASDAQ:NAVI), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Navient Corporation has been the topic of 9 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Navient Corp (NASDAQ:NAVI) earned “Overweight” rating by JP Morgan on Monday, November 30. The firm earned “Outperform” rating on Monday, August 31 by Wood. The firm has “Buy” rating given on Thursday, October 8 by Goldman Sachs. The stock has “Outperform” rating given by Credit Suisse on Wednesday, February 24. As per Thursday, July 21, the company rating was downgraded by Goldman Sachs.
More news for Navient Corp (NASDAQ:NAVI) were recently published by: Forbes.com, which released: “Navient is Oversold” on October 21, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Arthur J. Gallagher, Navient and Northern Trust” and published on November 28, 2016 is yet another important article.
NAVI Company Profile
Navient Corporation, incorporated on November 7, 2013, is a loan management, servicing and asset recovery company. The Firm holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state or not-for-profit agencies based on guaranty agreements among the United States Department of Education (ED) and these agencies. Private Education Loans are education loans to students or their families that bear the full credit risk of the customer and any cosigner. The Company’s divisions include FFELP Loans, Private Education Loans, Business Services and Other. The Firm services its own portfolio of education loans, as well as those owned by banks, credit unions, other financial institutions, non-profit education lenders and ED. In addition, it provides business processing services on behalf of municipalities, public authorities and hospitals.
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