Kendall Capital Management trimmed its stake in SLM Co. (NASDAQ:SLM – Get Rating) by 7.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,758 shares of the credit services provider’s stock after selling 7,650 shares during the period. Kendall Capital Management’s holdings in SLM were worth $1,284,000 at the end of the most recent reporting period.
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Other institutional investors have also modified their holdings of the company. Wipfli Financial Advisors LLC bought a new stake in shares of SLM during the 3rd quarter worth approximately $66,000. US Bancorp DE increased its holdings in SLM by 40.9% during the 2nd quarter. US Bancorp DE now owns 5,501 shares of the credit services provider’s stock worth $88,000 after purchasing an additional 1,597 shares during the period. Parkside Financial Bank & Trust increased its holdings in SLM by 22.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 6,711 shares of the credit services provider’s stock worth $123,000 after purchasing an additional 1,226 shares during the period. Brown Brothers Harriman & Co. increased its holdings in SLM by 1,958.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 7,204 shares of the credit services provider’s stock worth $132,000 after purchasing an additional 6,854 shares during the period. Finally, Captrust Financial Advisors increased its holdings in SLM by 24.1% during the 1st quarter. Captrust Financial Advisors now owns 7,715 shares of the credit services provider’s stock worth $142,000 after purchasing an additional 1,498 shares during the period. 96.65% of the stock is owned by institutional investors.
SLM Price Performance
NASDAQ:SLM traded down $0.06 during trading hours on Tuesday, hitting $17.22. 3,587 shares of the stock were exchanged, compared to its average volume of 1,069,644. SLM Co. has a 52-week low of $13.72 and a 52-week high of $20.80. The firm’s fifty day moving average price is $16.80 and its 200 day moving average price is $16.02. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.19. The company has a market cap of $4.31 billion, a P/E ratio of 5.56 and a beta of 1.18.
SLM (NASDAQ:SLM – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The credit services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.18). The firm had revenue of $369.51 million for the quarter, compared to analysts’ expectations of $347.69 million. SLM had a return on equity of 47.71% and a net margin of 35.01%. During the same quarter last year, the firm posted $0.24 earnings per share. As a group, equities research analysts anticipate that SLM Co. will post 2.5 EPS for the current fiscal year.
SLM Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Friday, December 2nd were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.56%. SLM’s dividend payout ratio (DPR) is presently 14.33%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on SLM. Jefferies Financial Group cut their price target on SLM from $24.00 to $20.00 in a report on Tuesday, October 18th. Compass Point cut SLM from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Thursday, November 10th. Stephens upped their price target on SLM from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, October 28th. Barclays upped their price target on SLM from $20.00 to $22.00 in a report on Friday, January 6th. Finally, JPMorgan Chase & Co. upped their price target on SLM from $17.00 to $18.00 in a report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.80.
SLM Company Profile
SLM Corp. engages in the provision and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.
See Also
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