Fintel reports that on September 30, 2024, B of A Securities initiated coverage of Navient Corporation - Preferred Security (NasdaqGS:JSM) with a Neutral recommendation.
Analyst Price Forecast Suggests 5.24% Downside
As of September 25, 2024, the average one-year price target for Navient Corporation - Preferred Security is $19.25/share. The forecasts range from a low of $13.48 to a high of $22.41. The average price target represents a decrease of 5.24% from its latest reported closing price of $20.31 / share.
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The projected annual revenue for Navient Corporation - Preferred Security is 891MM, a decrease of 13.65%. The projected annual non-GAAP EPS is 3.13.
What is the Fund Sentiment?
There are 10 funds or institutions reporting positions in Navient Corporation - Preferred Security. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to JSM is 0.39%, an increase of 2.71%. Total shares owned by institutions decreased in the last three months by 2.90% to 2,630K shares.
What are Other Shareholders Doing?
PFF - iShares Preferred and Income Securities ETF holds 1,171K shares. In its prior filing, the firm reported owning 1,183K shares , representing a decrease of 1.00%. The firm decreased its portfolio allocation in JSM by 8.26% over the last quarter.
PGX - Invesco Preferred ETF holds 528K shares. In its prior filing, the firm reported owning 540K shares , representing a decrease of 2.31%. The firm decreased its portfolio allocation in JSM by 7.62% over the last quarter.
John Hancock Preferred Income Fund holds 239K shares. No change in the last quarter.
John Hancock Preferred Income Fund Iii holds 234K shares. No change in the last quarter.
PFFD - Global X U.S. Preferred ETF holds 233K shares. In its prior filing, the firm reported owning 240K shares , representing a decrease of 2.94%. The firm decreased its portfolio allocation in JSM by 8.14% over the last quarter.
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This story originally appeared on Fintel.
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