1 week Ago By Defense World Staff
Invesco Ltd. grew its position in shares of Nelnet, Inc. ( NYSE:NNI – Free Report ) by 2.
8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,139 shares of the credit services provider’s stock after buying an additional 892 shares during the period. Invesco Ltd.
owned approximately 0.09% of Nelnet worth $3,540,000 at the end of the most recent quarter. A number of other hedge funds have also bought and sold shares of NNI.
Pilgrim Partners Asia Pte Ltd acquired a new stake in Nelnet during the fourth quarter worth approximately $961,000. Wells Fargo & Company MN boosted its stake in shares of Nelnet by 23.9% in the 4th quarter.
Wells Fargo & Company MN now owns 9,214 shares of the credit services provider’s stock valued at $984,000 after purchasing an additional 1,776 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Nelnet by 0.3% during the fourth quarter.
Geode Capital Management LLC now owns 361,553 shares of the credit services provider’s stock worth $38,627,000 after buying an additional 1,060 shares during the last quarter. Venator Management LLC bought a new stake in Nelnet during the 4th quarter worth $214,000. Finally, JPMorgan Chase & Co.
raised its position in Nelnet by 30.7% in the fourth quarter. JPMorgan Chase & Co.
now owns 172,480 shares of the credit services provider’s stock valued at $18,423,000 after purchasing an additional 40,476 shares during the last quarter. 33.51% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth Separately, StockNews.com raised shares of Nelnet from a “hold” rating to a “buy” rating in a research note on Tuesday, March 4th. Nelnet Stock Performance Shares of NNI opened at $105.
90 on Monday. Nelnet, Inc. has a 12 month low of $93.
69 and a 12 month high of $127.32. The company has a current ratio of 31.
47, a quick ratio of 31.47 and a debt-to-equity ratio of 2.78.
The firm’s fifty day simple moving average is $110.80 and its two-hundred day simple moving average is $110.23.
The stock has a market capitalization of $3.84 billion, a P/E ratio of 34.84 and a beta of 0.
88. Nelnet ( NYSE:NNI – Get Free Report ) last issued its earnings results on Thursday, February 27th. The credit services provider reported $1.
44 EPS for the quarter, beating the consensus estimate of $1.23 by $0.21.
Nelnet had a return on equity of 3.78% and a net margin of 5.54%.
The company had revenue of $401.61 million during the quarter, compared to the consensus estimate of $335.00 million.
As a group, analysts predict that Nelnet, Inc. will post 4.52 EPS for the current year.
Nelnet Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.28 per share.
This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.06%.
The ex-dividend date was Friday, February 28th. Nelnet’s dividend payout ratio is currently 22.40%.
Nelnet Company Profile ( Free Report ) Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. See Also Five stocks we like better than Nelnet Pros And Cons Of Monthly Dividend Stocks Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery Why Understanding Call Option Volume is Essential to Successful Options Trading O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors Trading Stocks: RSI and Why it’s Useful Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 Receive News & Ratings for Nelnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nelnet and related companies with MarketBeat.
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