First Trust Advisors LP lifted its position in shares of SLM Corp (NASDAQ:SLM) by 3.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 496,117 shares of the credit services provider’s stock after buying an additional 15,153 shares during the quarter. First Trust Advisors LP’s holdings in SLM were worth $4,917,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Strs Ohio boosted its holdings in shares of SLM by 81.8% in the 4th quarter. Strs Ohio now owns 42,109 shares of the credit services provider’s stock valued at $349,000 after buying an additional 18,948 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of SLM by 22.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 52,506 shares of the credit services provider’s stock valued at $436,000 after buying an additional 9,750 shares during the period. Rhumbline Advisers boosted its holdings in shares of SLM by 44.7% in the 4th quarter. Rhumbline Advisers now owns 1,170,075 shares of the credit services provider’s stock valued at $9,723,000 after buying an additional 361,420 shares during the period. Dupont Capital Management Corp acquired a new position in shares of SLM in the 4th quarter valued at about $299,000. Finally, TD Asset Management Inc. boosted its holdings in shares of SLM by 1.6% in the 4th quarter. TD Asset Management Inc. now owns 549,201 shares of the credit services provider’s stock valued at $4,564,000 after buying an additional 8,500 shares during the period.
A number of research analysts have issued reports on SLM shares. Wedbush set a $13.00 target price on shares of SLM and gave the company a “buy” rating in a research note on Monday, April 22nd. Oppenheimer set a $14.00 target price on shares of SLM and gave the company a “buy” rating in a research note on Sunday, April 21st. ValuEngine raised shares of SLM from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Zacks Investment Research lowered shares of SLM from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, BidaskClub lowered shares of SLM from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $13.00.
SLM stock opened at $9.78 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.69. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 0.43 and a beta of 1.43. SLM Corp has a 52-week low of $7.95 and a 52-week high of $12.16.
SLM (NASDAQ:SLM) last posted its earnings results on Wednesday, April 17th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $402.28 million during the quarter, compared to analyst estimates of $384.70 million. SLM had a net margin of 25.77% and a return on equity of 20.28%. SLM’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. Equities analysts forecast that SLM Corp will post 1.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, June 6th. SLM’s payout ratio is 11.21%.
SLM Company Profile
SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
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