Crossmark Global Holdings Inc. cut its holdings in shares of SLM Corp (NASDAQ:SLM) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,112 shares of the credit services provider’s stock after selling 9,914 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in SLM were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SLM. Gator Capital Management LLC acquired a new stake in SLM during the fourth quarter worth about $1,622,000. CI Investments Inc. acquired a new stake in SLM during the fourth quarter worth about $452,000. Rockefeller Financial Services Inc. increased its stake in SLM by 87.5% during the fourth quarter. Rockefeller Financial Services Inc. now owns 1,689,844 shares of the credit services provider’s stock worth $19,095,000 after acquiring an additional 788,356 shares during the last quarter. Monarch Partners Asset Management LLC increased its stake in SLM by 84.2% during the fourth quarter. Monarch Partners Asset Management LLC now owns 1,747,095 shares of the credit services provider’s stock worth $19,742,000 after acquiring an additional 798,545 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in SLM during the fourth quarter worth about $352,000. Hedge funds and other institutional investors own 97.11% of the company’s stock.
In other SLM news, CFO Steven Mcgarry sold 13,836 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $11.62, for a total transaction of $160,774.32. Following the completion of the sale, the chief financial officer now owns 366,433 shares in the company, valued at approximately $4,257,951.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Laurent Charles Lutz sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $11.40, for a total value of $114,000.00. Following the sale, the executive vice president now owns 410,806 shares of the company’s stock, valued at approximately $4,683,188.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 375,323 shares of company stock valued at $4,317,997. Insiders own 0.59% of the company’s stock.
Shares of SLM Corp (NASDAQ:SLM) opened at $11.11 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 1.58. SLM Corp has a 12 month low of $9.65 and a 12 month high of $13.20. The stock has a market capitalization of $4,871.72, a PE ratio of 17.92, a PEG ratio of 0.54 and a beta of 1.34.
SLM (NASDAQ:SLM) last posted its earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. SLM had a return on equity of 16.65% and a net margin of 20.23%. The business had revenue of $309.19 million during the quarter, compared to analyst estimates of $299.64 million. During the same quarter last year, the firm earned $0.15 earnings per share. analysts expect that SLM Corp will post 0.99 EPS for the current year.
Several equities research analysts have commented on SLM shares. Oppenheimer set a $17.00 price target on SLM and gave the stock a “buy” rating in a research note on Thursday, January 18th. B. Riley restated a “buy” rating and set a $13.00 price target (down from $14.00) on shares of SLM in a research note on Thursday, January 18th. Zacks Investment Research upgraded SLM from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Thursday, January 11th. Jefferies Group restated a “buy” rating and set a $16.00 price target on shares of SLM in a research note on Thursday, January 11th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $16.00 price target on shares of SLM in a research note on Friday, December 22nd. Two equities 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 company. The company has a consensus rating of “Buy” and a consensus target price of $14.18.
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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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