Boston Partners trimmed its position in SLM Corp (NASDAQ:SLM) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,275,718 shares of the credit services provider’s stock after selling 2,333,239 shares during the quarter. Boston Partners owned 6.55% of SLM worth $319,516,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in SLM. Fox Run Management L.L.C. bought a new stake in shares of SLM during the fourth quarter worth $650,000. Crossmark Global Holdings Inc. acquired a new position in shares of SLM during the third quarter worth $666,000. Rhumbline Advisers lifted its holdings in shares of SLM by 16.9% during the third quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock worth $10,431,000 after purchasing an additional 131,348 shares during the period. Selz Capital LLC lifted its holdings in shares of SLM by 174.6% during the fourth quarter. Selz Capital LLC now owns 933,635 shares of the credit services provider’s stock worth $10,550,000 after purchasing an additional 593,635 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of SLM during the third quarter worth $1,248,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.
SLM Corp (SLM) opened at $11.28 on Friday. SLM Corp has a fifty-two week low of $9.65 and a fifty-two week high of $13.20. The firm has a market cap of $4,802.61, a PE ratio of 18.19, a PEG ratio of 0.53 and a beta of 1.34. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 1.58.
SLM (NASDAQ:SLM) last posted its earnings results on Wednesday, January 17th. The credit services provider reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $309.19 million during the quarter, compared to the consensus estimate of $299.64 million. SLM had a net margin of 20.23% and a return on equity of 16.65%. During the same period in the previous year, the firm posted $0.15 earnings per share. sell-side analysts forecast that SLM Corp will post 0.99 EPS for the current fiscal year.
A number of brokerages have recently commented on SLM. Zacks Investment Research upgraded shares of SLM from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Thursday, January 11th. Bank of America cut their price target on shares of SLM from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, January 26th. BidaskClub lowered shares of SLM from a “sell” rating to a “strong sell” rating in a report on Friday, January 19th. Oppenheimer set a $17.00 target price on shares of SLM and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, B. Riley restated a “buy” rating and issued a $13.00 target price (down previously from $14.00) on shares of SLM in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. SLM currently has a consensus rating of “Buy” and a consensus target price of $14.18.
In other SLM news, CEO Raymond J. Quinlan sold 200,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $11.52, for a total value of $2,304,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,080,133 shares of the company’s stock, valued at approximately $12,443,132.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Laurent Charles Lutz sold 10,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $11.40, for a total transaction of $114,000.00. Following the completion of the transaction, the executive vice president now owns 410,806 shares in the company, valued at $4,683,188.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 375,323 shares of company stock valued at $4,317,997. 0.59% of the stock is currently owned by insiders.
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SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.
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