Entropy Technologies LP lifted its holdings in SLM Corporation (NASDAQ:SLM – Free Report) by 146.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,570 shares of the credit services provider’s stock after buying an additional 26,460 shares during the quarter. Entropy Technologies LP’s holdings in SLM were worth $954,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of SLM. Triumph Capital Management purchased a new position in SLM during the 3rd quarter valued at $69,000. EverSource Wealth Advisors LLC increased its stake in SLM by 118.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,995 shares of the credit services provider’s stock worth $131,000 after purchasing an additional 2,164 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in SLM in the first quarter worth $263,000. NewEdge Advisors LLC lifted its position in shares of SLM by 6.6% during the first quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider’s stock worth $627,000 after purchasing an additional 1,319 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of SLM by 6.1% during the second quarter. Captrust Financial Advisors now owns 36,889 shares of the credit services provider’s stock worth $1,210,000 after purchasing an additional 2,109 shares during the last quarter. 98.94% of the stock is owned by institutional investors.
SLM Price Performance
Shares of SLM stock opened at $25.19 on Wednesday. SLM Corporation has a twelve month low of $17.77 and a twelve month high of $33.17. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 2.63. The stock has a fifty day simple moving average of $23.72 and a two-hundred day simple moving average of $23.25. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 2.21 and a beta of 0.94.
SLM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, September 4th. SLM’s dividend payout ratio is presently 14.53%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on SLM. Zacks Research lowered shares of SLM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price objective on shares of SLM from $24.00 to $25.00 and gave the company an “underweight” rating in a report on Monday, July 13th. Barclays reissued an “equal weight” rating and issued a $26.00 price objective (down from $30.00) on shares of SLM in a research report on Tuesday, July 7th. Morgan Stanley raised their target price on shares of SLM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Finally, Royal Bank Of Canada lifted their price target on shares of SLM from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $29.80.
View Our Latest Stock Analysis on SLM
SLM Profile
SLM Corporation, operating as Sallie Mae Bank, is a leading U.S.-based consumer banking company specializing in education financing and related banking products. The company provides a range of private student loans for undergraduate and graduate studies, Parent PLUS loans, and specialized financing for career and certificate programs. In addition to its core lending services, Sallie Mae offers deposit products including savings accounts, checking accounts, money market accounts, certificates of deposit, and credit cards tailored to students and young adults.
Founded in 1972 as the Student Loan Marketing Association—a government-sponsored enterprise—Sallie Mae was privatized in 2004 and has since focused on expanding its private education loan offerings and digital banking solutions.
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