SLM Co. $SLMBP Holdings Decreased by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. lessened its holdings in shares of SLM Co. (NASDAQ:SLMBP) by 11.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,458 shares of the company’s stock after selling 13,025 shares during the quarter. SLM makes up 2.0% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 17th largest holding. Shikiar Asset Management Inc.’s holdings in SLM were worth $7,898,000 as of its most recent SEC filing.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SLMBP. Cowen reaffirmed a “buy” rating on shares of SLM in a research report on Friday, December 5th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of SLM in a research note on Wednesday, December 10th. Finally, UBS Group set a $40.00 price objective on SLM in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

SLM Stock Performance

Shares of SLMBP opened at $74.41 on Tuesday. The company’s fifty day moving average is $75.16 and its 200-day moving average is $75.53. SLM Co. has a 12 month low of $65.50 and a 12 month high of $83.15.

SLM (NASDAQ:SLMBP) last issued its quarterly earnings data on Monday, February 14th. The company reported $1.15 earnings per share (EPS) for the quarter. The business had revenue of ($3.44) million during the quarter.

SLM Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Thursday, December 4th were issued a dividend of $1.5122 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $6.05 dividend on an annualized basis and a dividend yield of 8.1%.

SLM Profile

SLM Corporation, doing business as Sallie Mae, is a U.S.-based provider of private student loans, servicing, and banking products. The company specializes in originating and servicing education loans for undergraduate, graduate and professional students, as well as career and technical training programs. In addition to its core student lending business, Sallie Mae offers deposit products, credit cards and digital tools designed to help customers manage personal finances and plan for higher-education expenses.

Sallie Mae’s product suite includes fixed- and variable-rate private student loans, graduate student loans, parent loans and career training loans.