DekaBank Deutsche Girozentrale increased its holdings in shares of SLM Co. (NASDAQ:SLM – Get Rating) by 17.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 127,980 shares of the credit services provider’s stock after acquiring an additional 19,100 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.05% of SLM worth $2,117,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Xponance Inc. lifted its stake in SLM by 11.3% in the 4th quarter. Xponance Inc. now owns 32,857 shares of the credit services provider’s stock worth $545,000 after purchasing an additional 3,330 shares in the last quarter. HGK Asset Management Inc. lifted its stake in SLM by 24.1% in the 3rd quarter. HGK Asset Management Inc. now owns 45,953 shares of the credit services provider’s stock worth $643,000 after purchasing an additional 8,922 shares in the last quarter. Dakota Wealth Management lifted its stake in SLM by 25.1% in the 3rd quarter. Dakota Wealth Management now owns 15,440 shares of the credit services provider’s stock worth $216,000 after purchasing an additional 3,095 shares in the last quarter. Saddle Point Management L.P. purchased a new position in SLM in the 3rd quarter worth approximately $367,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in SLM by 55.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,908,379 shares of the credit services provider’s stock worth $40,688,000 after purchasing an additional 1,037,901 shares in the last quarter. 96.65% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have weighed in on SLM. Citigroup decreased their target price on shares of SLM from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, February 3rd. Compass Point raised shares of SLM from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Friday, April 14th. Morgan Stanley raised shares of SLM from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $14.00 to $15.00 in a research report on Wednesday, April 5th. StockNews.com raised shares of SLM from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. Finally, BMO Capital Markets reduced their price target on shares of SLM from $19.00 to $17.00 and set a “market perform” rating on the stock in a research report on Monday, February 6th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.92.
SLM Stock Performance
SLM (NASDAQ:SLM – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The credit services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.46 by ($0.79). The business 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 last year, the firm earned $1.05 EPS. As a group, equities analysts anticipate that SLM Co. will post 2.55 earnings per share for the current fiscal year.
SLM Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Friday, March 3rd were paid a $0.11 dividend. The ex-dividend date was Thursday, March 2nd. This represents a $0.44 annualized dividend and a dividend yield of 3.02%. SLM’s dividend payout ratio (DPR) is 25.88%.
About SLM
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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