North Star Asset Management Inc. decreased its position in shares of SLM Corp. (NASDAQ:SLM) by 44.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,508 shares of the company’s stock after selling 58,845 shares during the period. North Star Asset Management Inc.’s holdings in SLM Corp. were worth $454,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLM. Genesee Valley Trust Co. raised its stake in shares of SLM Corp. by 2.5% in the second quarter. Genesee Valley Trust Co. now owns 16,945 shares of the company’s stock worth $105,000 after buying an additional 408 shares in the last quarter. LMR Partners LLP bought a new stake in shares of SLM Corp. during the second quarter worth $136,000. LS Investment Advisors LLC raised its stake in shares of SLM Corp. by 75.2% in the second quarter. LS Investment Advisors LLC now owns 25,562 shares of the company’s stock worth $158,000 after buying an additional 10,970 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of SLM Corp. during the first quarter worth $163,000. Finally, M&T Bank Corp raised its stake in shares of SLM Corp. by 95.7% in the first quarter. M&T Bank Corp now owns 27,291 shares of the company’s stock worth $173,000 after buying an additional 13,349 shares in the last quarter.
SLM Corp. (NASDAQ:SLM) traded up 0.42% during midday trading on Tuesday, hitting $7.21. 1,153,952 shares of the stock were exchanged. The company has a 50 day moving average price of $7.37 and a 200 day moving average price of $6.89. SLM Corp. has a one year low of $5.09 and a one year high of $7.64. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 13.11 and a beta of 1.06.
SLM Corp. (NASDAQ:SLM) last announced its earnings results on Wednesday, July 20th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business earned $212.76 million during the quarter, compared to analysts’ expectations of $216.48 million. SLM Corp. had a net margin of 24.53% and a return on equity of 16.85%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter last year, the company posted $0.20 EPS. Equities analysts anticipate that SLM Corp. will post $0.52 EPS for the current year.
SLM has been the subject of a number of research analyst reports. TheStreet raised shares of SLM Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. Zacks Investment Research raised shares of SLM Corp. from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Monday, July 25th. Compass Point increased their target price on shares of SLM Corp. from $8.50 to $9.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. Goldman Sachs Group Inc. raised shares of SLM Corp. from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 11th. Finally, Citigroup Inc. assumed coverage on shares of SLM Corp. in a research note on Thursday, July 14th. They set a “buy” rating and a $8.50 target price for the company. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. SLM Corp. currently has a consensus rating of “Buy” and a consensus price target of $8.87.
About SLM Corp.
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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