32,259 Shares in SLM Co. (NASDAQ:SLM) Acquired by Tudor Investment Corp Et Al

Posted by on Mar 8th, 2023

Tudor Investment Corp Et Al acquired a new position in SLM Co. (NASDAQ:SLM – Get Rating) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 32,259 shares of the credit services provider’s stock, valued at approximately $451,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SLM. Raymond James & Associates lifted its stake in SLM by 2.6% in the first quarter. Raymond James & Associates now owns 156,130 shares of the credit services provider’s stock valued at $2,867,000 after buying an additional 3,913 shares during the period. HighTower Advisors LLC acquired a new position in SLM in the first quarter valued at approximately $262,000. MetLife Investment Management LLC lifted its stake in SLM by 26.9% in the first quarter. MetLife Investment Management LLC now owns 180,359 shares of the credit services provider’s stock valued at $3,311,000 after buying an additional 38,282 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in SLM by 5.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 102,214 shares of the credit services provider’s stock valued at $1,877,000 after buying an additional 5,012 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in SLM by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,541,444 shares of the credit services provider’s stock valued at $101,733,000 after buying an additional 45,321 shares during the period. 96.65% of the stock is owned by institutional investors and hedge funds.

SLM Trading Down 1.6 %

Shares of SLM stock opened at $13.89 on Wednesday. The stock has a fifty day simple moving average of $15.85 and a 200 day simple moving average of $15.89. SLM Co. has a 12-month low of $13.72 and a 12-month high of $20.17. The company has a market capitalization of $3.35 billion, a P/E ratio of 8.17 and a beta of 1.22. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 3.55.

SLM (NASDAQ:SLM – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The credit services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.79). SLM had a return on equity of 27.83% and a net margin of 19.82%. The business had revenue of $542.96 million during the quarter, compared to analysts’ expectations of $358.11 million. During the same period in the prior year, the firm posted $1.05 EPS. On average, sell-side analysts anticipate that SLM Co. will post 2.4 earnings per share for the current fiscal year.

SLM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Friday, March 3rd will be given a $0.11 dividend. The ex-dividend date is Thursday, March 2nd. This represents a $0.44 annualized dividend and a yield of 3.17%. SLM’s dividend payout ratio is currently 25.88%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wells Fargo & Company lowered SLM from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $19.00 to $16.00 in a research note on Friday, February 3rd. Citigroup decreased their price objective on SLM from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, February 3rd. Compass Point downgraded 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. Credit Suisse Group decreased their price objective on SLM from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on SLM from $17.00 to $18.00 in a report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.92.

About SLM

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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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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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