Actinver Wealth Management Inc. acquired a new position in shares of SLM Corp (NASDAQ:SLM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,523 shares of the credit services provider’s stock, valued at approximately $154,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in SLM by 4.4% during the fourth quarter. BlackRock Inc. now owns 43,240,757 shares of the credit services provider’s stock worth $359,332,000 after acquiring an additional 1,823,633 shares during the period. ValueAct Holdings L.P. grew its position in SLM by 4.2% in the 3rd quarter. ValueAct Holdings L.P. now owns 39,184,254 shares of the credit services provider’s stock worth $436,904,000 after purchasing an additional 1,578,846 shares during the last quarter. FMR LLC increased its holdings in shares of SLM by 4.6% during the 4th quarter. FMR LLC now owns 29,595,693 shares of the credit services provider’s stock worth $245,940,000 after purchasing an additional 1,304,978 shares during the period. Vanguard Group Inc. increased its holdings in shares of SLM by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 26,510,575 shares of the credit services provider’s stock worth $295,592,000 after purchasing an additional 487,512 shares during the period. Finally, Vanguard Group Inc increased its holdings in shares of SLM by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 26,510,575 shares of the credit services provider’s stock worth $295,592,000 after purchasing an additional 487,512 shares during the period.
NASDAQ SLM opened at $10.32 on Friday. SLM Corp has a twelve month low of $7.95 and a twelve month high of $12.46. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $4.53 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 0.43 and a beta of 1.48.
SLM (NASDAQ:SLM) last released its quarterly earnings data on Wednesday, January 23rd. The credit services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. SLM had a return on equity of 20.05% and a net margin of 26.07%. The company had revenue of $382.87 million for the quarter, compared to analyst estimates of $367.40 million. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue was up 23.8% compared to the same quarter last year. As a group, research analysts anticipate that SLM Corp will post 1.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, March 4th. SLM’s dividend payout ratio is 11.21%.
SLM has been the subject of several research reports. TheStreet upgraded shares of SLM from a “c+” rating to a “b-” rating in a research note on Monday, January 28th. Barclays restated a “buy” rating and set a $13.00 price target on shares of SLM in a research note on Friday, December 14th. Zacks Investment Research reaffirmed a “buy” rating and issued a $9.00 price target on shares of SLM in a report on Monday, December 31st. BidaskClub upgraded SLM from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, ValuEngine upgraded SLM from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating and seven have issued a buy rating to the company. SLM currently has a consensus rating of “Buy” and a consensus price target of $13.18.
In related news, EVP Paul F. Thome sold 25,000 shares of SLM stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $11.10, for a total transaction of $277,500.00. Following the completion of the transaction, the executive vice president now directly owns 208,049 shares of the company’s stock, valued at approximately $2,309,343.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jonathan Boyles sold 68,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $11.20, for a total transaction of $761,600.00. Following the completion of the transaction, the senior vice president now owns 67,679 shares in the company, valued at $758,004.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,805 shares of company stock worth $1,047,625. 0.36% of the stock is owned by insiders.
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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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