Alaska State Department of Revenue sells 3,195 shares of SLM Co. (NASDAQ: SLM)


The Alaska State Department of Revenue reduced its holdings of SLM Co. (NASDAQ:SLM – Get Rating) stock by 7.5% in the first quarter, according to its latest 13F filing with Securities. and Exchange Commission (SEC). The fund held 39,240 shares of the credit service provider after selling 3,195 shares during the quarter. The Alaska State Department of Revenue’s holdings in SLM were worth $720,000 at the end of the last quarter.

A number of other institutional investors and hedge funds also bought and sold shares of SLM. Massachusetts Financial Services Co. MA increased its holdings in SLM by 13.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,587,780 shares of the credit services provider worth $345,952,000 after acquiring 2,021,850 additional shares in the last quarter. Wedge Capital Management LLP NC increased its equity stake in SLM by 221.0% in Q1. Wedge Capital Management LLP NC now owns 2,550,985 shares of the credit services provider valued at $46,836,000 after purchasing an additional 1,756,241 shares in the last quarter. Lazard Asset Management LLC increased its stake in SLM shares by 78,214.2% in the 4th quarter. Lazard Asset Management LLC now owns 1,112,061 shares of the credit services provider valued at $21,874,000 after purchasing an additional 1,110,641 shares in the last quarter. Panagora Asset Management Inc. increased its stake in SLM shares by 3,288.6% in Q4. Panagora Asset Management Inc. now owns 826,206 shares of the credit service provider valued at $16,251,000 after purchasing an additional 801,824 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in SLM shares by 42.6% in the 4th quarter. First Trust Advisors LP now owns 1,309,456 shares of the credit services provider valued at $25,757,000 after buying an additional 391,104 shares in the last quarter. 92.97% of the shares are currently held by hedge funds and other institutional investors.

SLM stock opened at $16.42 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt ratio of 3.10. SLM Co. has a 12-month low of $14.60 and a 12-month high of $20.88. The company’s fifty-day moving average is $17.28 and its 200-day moving average is $18.14. The company has a market capitalization of $4.42 billion, a PE ratio of 7.57 and a beta of 1.26.

SLM (NASDAQ:SLM – Get Rating) last released its results on Wednesday, April 27. The credit services provider reported earnings per share (EPS) of $0.46 for the quarter, missing analyst consensus estimates of $0.77 per ($0.31). SLM had a net margin of 31.67% and a return on equity of 34.38%. The company posted revenue of $375.03 million for the quarter, versus analyst estimates of $375.59 million. In the same quarter of the previous year, the company achieved EPS of $1.77. The company’s revenue increased 13.3% year over year. Sell-side analysts expect SLM Co. to post EPS of 2.92 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Friday, June 3 received a dividend of $0.11 per share. The ex-dividend date was Thursday, June 2. This represents an annualized dividend of $0.44 and a yield of 2.68%. SLM’s payout ratio is 20.28%.

A number of equity research analysts have recently commented on SLM’s stock. StockNews.com began covering SLM shares in a research note on Thursday, March 31. They issued a “holding” rating on the stock. Stephens downgraded shares of SLM from an “overweight” rating to an “equal weight” rating and reduced his price target for the company from $24.00 to $19.00 in a Monday, April 18 research note. . Finally, Citigroup reduced its price target on SLM shares from $26.00 to $21.00 in a Monday, May 2 research note. Two analysts rated the stock with a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

SLM Company Profile (Get an assessment)

SLM Corporation, through its subsidiaries, originates and administers private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts and high yield savings accounts; and omnibus accounts, as well as credit card loans.

See also

Want to see which other hedge funds hold SLM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for SLM Co. (NASDAQ:SLM – Get Rating).

Institutional Ownership by Quarter for SLM (NASDAQ:SLM)



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