UBS Asset Management Americas Inc. decreased its stake in shares of SLM Co. (NASDAQ:SLM – Get Rating) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,797,472 shares of the credit services provider’s stock after selling 295,056 shares during the period. UBS Asset Management Americas Inc. owned approximately 5.91% of SLM worth $207,017,000 as of its most recent SEC filing.
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Several other large investors have also recently bought and sold shares of SLM. O Shaughnessy Asset Management LLC boosted its position in shares of SLM by 4.0% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 18,518 shares of the credit services provider’s stock valued at $295,000 after purchasing an additional 720 shares in the last quarter. Brinker Capital Investments LLC boosted its holdings in shares of SLM by 2.5% in the first quarter. Brinker Capital Investments LLC now owns 33,858 shares of the credit services provider’s stock worth $622,000 after buying an additional 836 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of SLM by 22.4% in the first quarter. Parkside Financial Bank & Trust now owns 6,711 shares of the credit services provider’s stock worth $123,000 after buying an additional 1,226 shares during the period. Captrust Financial Advisors boosted its holdings in shares of SLM by 24.1% in the first quarter. Captrust Financial Advisors now owns 7,715 shares of the credit services provider’s stock worth $142,000 after buying an additional 1,498 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of SLM by 40.9% in the second quarter. US Bancorp DE now owns 5,501 shares of the credit services provider’s stock worth $88,000 after buying an additional 1,597 shares during the period. Institutional investors and hedge funds own 96.65% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on SLM. BMO Capital Markets decreased their price target on shares of SLM from $19.00 to $17.00 and set a “market perform” rating for the company in a report on Monday, February 6th. Morgan Stanley decreased their price target on shares of SLM from $15.00 to $14.00 and set an “underweight” rating for the company in a report on Friday, February 3rd. Compass Point cut shares of SLM from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $18.00 in a report on Thursday, November 10th. Barclays decreased their price target on shares of SLM from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of SLM from $17.00 to $18.00 in a research report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.92.
SLM Trading Up 0.1 %
NASDAQ:SLM opened at $13.91 on Thursday. SLM Co. has a 12 month low of $13.72 and a 12 month high of $20.17. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 8.18 and a beta of 1.22. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 3.55. The company’s 50 day moving average is $15.81 and its 200-day moving average is $15.87.
SLM (NASDAQ:SLM – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The credit services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.79). The company had revenue of $542.96 million during the quarter, compared to analyst estimates of $358.11 million. SLM had a return on equity of 27.83% and a net margin of 19.82%. During the same quarter in the previous year, the business posted $1.05 EPS. Equities analysts anticipate that SLM Co. will post 2.4 EPS for the current year.
SLM Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Friday, March 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $0.44 annualized dividend and a dividend yield of 3.16%. SLM’s payout ratio is 25.88%.
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.
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