SLM Corp (NASDAQ:SLM) Shares Purchased by State Board of Administration of Florida Retirement System

Share on StockTwits

State Board of Administration of Florida Retirement System increased its stake in shares of SLM Corp (NASDAQ:SLM) by 6.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 703,091 shares of the credit services provider’s stock after purchasing an additional 42,139 shares during the period. State Board of Administration of Florida Retirement System owned 0.16% of SLM worth $6,834,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLM. Bayview Asset Management LLC raised its holdings in SLM by 117.7% in the 2nd quarter. Bayview Asset Management LLC now owns 5,364,807 shares of the credit services provider’s stock valued at $52,146,000 after acquiring an additional 2,900,911 shares during the last quarter. Hahn Capital Management LLC acquired a new stake in SLM in the 1st quarter valued at about $14,579,000. BNP Paribas Arbitrage SA raised its holdings in SLM by 77.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,743,983 shares of the credit services provider’s stock valued at $16,952,000 after acquiring an additional 760,959 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in SLM by 76.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 880,000 shares of the credit services provider’s stock valued at $8,721,000 after acquiring an additional 380,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in SLM by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 4,672,277 shares of the credit services provider’s stock valued at $38,826,000 after acquiring an additional 307,406 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Shares of SLM stock traded up $0.02 during mid-day trading on Wednesday, hitting $8.16. The stock had a trading volume of 7,221 shares, compared to its average volume of 3,130,889. The firm has a 50-day moving average of $8.87 and a two-hundred day moving average of $9.86. SLM Corp has a 12-month low of $7.76 and a 12-month high of $12.09. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.80. The firm has a market cap of $3.49 billion, a P/E ratio of 7.61, a price-to-earnings-growth ratio of 0.49 and a beta of 1.41.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. SLM had a net margin of 26.18% and a return on equity of 20.44%. The business had revenue of $396.87 million during the quarter, compared to analysts’ expectations of $401.69 million. During the same quarter in the prior year, the company posted $0.25 EPS. Sell-side analysts expect that SLM Corp will post 1.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be paid a $0.03 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.47%. SLM’s dividend payout ratio (DPR) is 11.21%.

A number of analysts have commented on the stock. BidaskClub downgraded shares of SLM from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 14th. BMO Capital Markets set a $16.00 price objective on shares of SLM and gave the company a “buy” rating in a report on Friday, July 26th. ValuEngine upgraded shares of SLM from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 24th. Oppenheimer set a $12.00 price objective on shares of SLM and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Compass Point cut shares of SLM from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. SLM has a consensus rating of “Hold” and a consensus target price of $12.83.

SLM Company Profile

SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

Featured Story: Moving Average Convergence Divergence (MACD)

Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

Receive News & Ratings for SLM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Fastly  Downgraded by ValuEngine
Fastly Downgraded by ValuEngine
NF Energy Saving  Lowered to Strong Sell at ValuEngine
NF Energy Saving Lowered to Strong Sell at ValuEngine
Loma Negra Compania Indl Argentina  Upgraded by ValuEngine to Buy
Loma Negra Compania Indl Argentina Upgraded by ValuEngine to Buy
Stock Analysts’ Price Target Changes for October, 16th
Stock Analysts’ Price Target Changes for October, 16th
Nuveen Asset Management LLC Makes New $6.61 Million Investment in Elastic NV
Nuveen Asset Management LLC Makes New $6.61 Million Investment in Elastic NV
Nuveen Asset Management LLC Purchases Shares of 154,040 Columbus McKinnon Corp.
Nuveen Asset Management LLC Purchases Shares of 154,040 Columbus McKinnon Corp.


© 2006-2019 Ticker Report