Nationwide Fund Advisors Reduces Position in SLM Corp (SLM)

Nationwide Fund Advisors reduced its holdings in SLM Corp (NASDAQ:SLM) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,419,906 shares of the credit services provider’s stock after selling 22,692 shares during the quarter. Nationwide Fund Advisors owned 0.33% of SLM worth $16,286,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SLM. Aperio Group LLC grew its holdings in shares of SLM by 10.9% during the second quarter. Aperio Group LLC now owns 180,916 shares of the credit services provider’s stock worth $2,081,000 after buying an additional 17,722 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of SLM by 3.5% during the second quarter. Mutual of America Capital Management LLC now owns 357,472 shares of the credit services provider’s stock worth $4,111,000 after buying an additional 12,017 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of SLM by 7.9% during the second quarter. SG Americas Securities LLC now owns 135,569 shares of the credit services provider’s stock worth $1,559,000 after buying an additional 9,887 shares in the last quarter. Finally, Dorsey Wright & Associates grew its holdings in shares of SLM by 1.2% during the second quarter. Dorsey Wright & Associates now owns 185,539 shares of the credit services provider’s stock worth $2,134,000 after buying an additional 2,245 shares in the last quarter. Institutional investors own 99.26% of the company’s stock.

SLM has been the subject of a number of research reports. FBR & Co set a $13.00 price objective on SLM and gave the stock a “buy” rating in a report on Thursday, October 19th. BMO Capital Markets reiterated a “hold” rating and set a $12.00 price objective on shares of SLM in a report on Friday, October 6th. BidaskClub upgraded SLM from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Wedbush reiterated an “outperform” rating and set a $14.50 price objective on shares of SLM in a report on Thursday, September 14th. Finally, Zacks Investment Research cut SLM from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. SLM presently has an average rating of “Hold” and an average target price of $13.44.

SLM Corp (NASDAQ SLM) opened at $11.17 on Friday. SLM Corp has a 52-week low of $9.65 and a 52-week high of $13.20. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $4,746.47, a P/E ratio of 15.93 and a beta of 1.33.

SLM (NASDAQ:SLM) last issued its quarterly earnings results on Wednesday, October 18th. The credit services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. SLM had a return on equity of 16.63% and a net margin of 22.95%. The firm had revenue of $282.06 million during the quarter, compared to analysts’ expectations of $282.02 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. equities analysts predict that SLM Corp will post 0.72 EPS for the current fiscal year.

In other news, SVP Jonathan Boyles sold 2,776 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $11.65, for a total value of $32,340.40. Following the completion of the sale, the senior vice president now directly owns 173,728 shares of the company’s stock, valued at $2,023,931.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Raymond J. Quinlan sold 200,000 shares of the firm’s stock in a transaction that occurred on 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 $12,443,132.16. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

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SLM Profile

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.

Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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