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Last $20.24 USD
Change Today -0.09 / -0.44%
Volume 2.1M
As of 5:20 PM 04/1/15 All times are local (Market data is delayed by at least 15 minutes).

navient corp (NAVI) Snapshot

Open
$20.25
Previous Close
$20.33
Day High
$20.43
Day Low
$20.05
52 Week High
12/23/14 - $22.71
52 Week Low
04/17/14 - $15.00
Market Cap
8.1B
Average Volume 10 Days
2.6M
EPS TTM
$2.11
Shares Outstanding
401.5M
EX-Date
03/4/15
P/E TM
9.6x
Dividend
$0.64
Dividend Yield
3.01%
Current Stock Chart for NAVIENT CORP (NAVI)

navient corp (NAVI) Related Businessweek News

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navient corp (NAVI) Details

Navient Corporation provides financial products and services in the United States. The company operates in four segments: FFELP Loans, Private Education Loans, Business Services, and Other. It provides federal family education loan program (FFELP) loans and servicing for FFELP loan portfolio; and servicing and asset recovery services for loans on behalf of guarantors of FFELP loans, guaranty agencies, higher education institutions, the United States Department of Education, and other federal clients, as well as states, courts, and municipalities. The company also acquires, finances, and services private education loans. Navient Corporation is headquartered in Wilmington, Delaware.

6,200 Employees
Last Reported Date: 03/26/15

navient corp (NAVI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $906.9K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $300.0K
Chief Operating Officer
Total Annual Compensation: $349.7K
Chief Risk Officer
Total Annual Compensation: $320.7K
Compensation as of Fiscal Year 2013.

navient corp (NAVI) Key Developments

Navient opens New Headquarters in Wilmington

Navient celebrated the opening of its new headquarters at 123 Justison Street in Wilmington, Del. Employees moved in to the 46,000 square-foot space located on two floors of the Star Building on the Riverfront earlier in February. More than 120 employees in executive, compliance, human resources, corporate communications and technology work at the headquarters.

Navient Corp. Commences Cash Tender Offer for Notes

Navient Corp. announced on Jan. 29, 2015 that it commenced a modified Dutch auction tender offer for a portion of its outstanding 6.25% medium-term notes series A due Jan. 25, 2016. Navient is offering to purchase, for cash, up to $500.0 million in aggregate principal amount of the notes, in accordance with the modified Dutch auction procedures. As of Jan. 29, $1.93 billion aggregate principal amount of the notes was outstanding. Holders must validly tender and not validly withdraw their notes at or prior to 5 p.m. ET on Feb. 11, unless extended by Navient at its sole discretion, to be eligible to receive the total consideration for their notes. The total consideration for each $1,000 principal amount of notes validly tendered and not validly withdrawn at or prior to the early tender date and accepted for purchase by Navient, subject to proration, will be equal to a clearing price determined at or about such time. The total consideration will include the early tender payment equal to $30.00 for each $1,000 principal amount of notes accepted for purchase. Promptly following the early tender date, whether or not the offer is fully subscribed, Navient will determine the clearing price and accept for payment validly tendered notes, subject to proration and other terms and conditions of the offer. If at the early tender date the aggregate principal amount of notes validly tendered and not validly withdrawn equals or exceeds the tender cap, Navient reserves the right not to accept any additional notes tendered by holders of notes after the early tender date. If the offer is not fully subscribed as of the early tender date, Navient intends to accept for payment on the expiration date any validly tendered notes not previously accepted, subject to proration and other terms and conditions of the offer. Such payment, if any, will be made promptly following the expiration date and will amount to the tender offer consideration. The tender offer consideration for each $1,000 principal amount of notes validly tendered and not validly withdrawn after the early tender date and at or prior to the expiration date and accepted for purchase by Navient, subject to proration, will consist of the total consideration, which will be equal to the clearing price less the early tender payment. The offer will expire at midnight ET at the end of Feb. 26, unless extended or earlier terminated by Navient at its sole discretion.

Navient Approves First Quarter Dividend of 2015, Payable on March 20, 2015

Navient announced that its board of directors approved a 7% increase in its 2015 first quarter dividend to $0.16 per share on the company's common stock. In 2014, the company returned $849 million to shareholders in dividends and share repurchases. In December 2014, the company announced a new $1 billion share buyback program. The first quarter 2015 dividend will be paid on March 20, 2015, to shareholders of record at the close of business on March 6, 2015.

 

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Industry Analysis

NAVI

Industry Average

Valuation NAVI Industry Range
Price/Earnings 7.6x
Price/Sales 2.8x
Price/Book 1.9x
Price/Cash Flow 7.0x
TEV/Sales NM Not Meaningful
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