JAN 13·MarketBeat▼
Navient (NASDAQ:NAVI) Stock Passes Below Fifty Day Moving Average - Here's Why
Navient (NASDAQ:NAVI) stock has fallen below its fifty-day moving average, trading at $12.37. Analysts largely rate the stock as "Reduce" with a consensus price target of $12.57, following a significant earnings miss in the last quarter (EPS of $(0.84) vs. $0.18 expected). Despite a 5.2% dividend yield, the company has a negative dividend payout ratio and a market capitalization of $1.21 billion.
DEC 9·MarketBeat▼
JPMorgan Chase & Co. Sells 122,611 Shares of Navient Corporation $NAVI
JPMorgan Chase & Co. reduced its stake in Navient Corporation by 14.3% in Q2, selling 122,611 shares and retaining 737,750 shares worth approximately $10.4 million. Despite Navient's declared quarterly dividend of $0.16 (5.2% yield), its fundamentals include a negative P/E ratio and high debt-to-equity, leading to a "Reduce" consensus rating from analysts with a $12.83 price target. Institutional ownership remains high at 97.14%, with other investors adjusting their positions.