Yousif Capital Management LLC Cuts Stake in SLM Co. (NASDAQ:SLM)

Yousif Capital Management LLC lessened its position in shares of SLM Co. (NASDAQ:SLM – Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,663 shares of the credit services provider’s stock after selling 5,105 shares during the period. Yousif Capital Management LLC owned about 0.05% of SLM worth $1,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of SLM by 12.2% in the 1st quarter. Victory Capital Management Inc. now owns 55,888 shares of the credit services provider’s stock valued at $692,000 after buying an additional 6,065 shares in the last quarter. Texas Permanent School Fund Corp raised its position in SLM by 28.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 215,130 shares of the credit services provider’s stock worth $2,665,000 after buying an additional 48,052 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in SLM by 7.1% during the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 298,234 shares of the credit services provider’s stock worth $3,695,000 after buying an additional 19,878 shares during the last quarter. CWM LLC increased its holdings in shares of SLM by 138.2% in the 1st quarter. CWM LLC now owns 3,713 shares of the credit services provider’s stock valued at $46,000 after purchasing an additional 2,154 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of SLM by 16.2% in the 1st quarter. Handelsbanken Fonder AB now owns 44,379 shares of the credit services provider’s stock valued at $550,000 after purchasing an additional 6,200 shares in the last quarter. Institutional investors and hedge funds own 92.98% of the company’s stock.

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SLM Trading Up 2.6 %

NASDAQ SLM opened at $16.18 on Tuesday. SLM Co. has a one year low of $10.81 and a one year high of $17.92. The company’s 50 day moving average price is $16.29 and its 200 day moving average price is $15.12. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 10.58 and a beta of 1.21.

SLM (NASDAQ:SLM – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). The firm had revenue of $777.96 million for the quarter, compared to analysts’ expectations of $370.15 million. SLM had a net margin of 14.71% and a return on equity of 24.09%. During the same quarter in the prior year, the business earned $1.29 EPS. On average, sell-side analysts predict that SLM Co. will post 2.63 EPS for the current year.

SLM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.72%. SLM’s dividend payout ratio is currently 28.76%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SLM shares. Wedbush reissued an “outperform” rating and issued a $20.00 price objective on shares of SLM in a research note on Thursday, July 27th. JPMorgan Chase & Co. raised shares of SLM from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $16.00 to $17.00 in a research note on Monday, April 17th. Compass Point raised their price target on shares of SLM from $18.00 to $19.00 in a research note on Tuesday, July 11th. StockNews.com started coverage on shares of SLM in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Stephens raised their price target on shares of SLM from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.91.

SLM Company Profile

(Free Report)

SLM Corporation, through its subsidiaries, originates and services 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 interest-bearing omnibus accounts.

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