Allianz Asset Management GmbH trimmed its position in SLM Corp (NASDAQ:SLM) by 47.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,252 shares of the credit services provider’s stock after selling 26,513 shares during the quarter. Allianz Asset Management GmbH’s holdings in SLM were worth $328,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in shares of SLM by 415.6% during the 4th quarter. Deutsche Bank AG now owns 3,153,350 shares of the credit services provider’s stock valued at $35,631,000 after buying an additional 2,541,764 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of SLM by 22.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,772,956 shares of the credit services provider’s stock valued at $212,134,000 after buying an additional 3,451,751 shares during the period. Ellington Management Group LLC raised its holdings in shares of SLM by 91.2% during the 4th quarter. Ellington Management Group LLC now owns 30,400 shares of the credit services provider’s stock valued at $344,000 after buying an additional 14,500 shares during the period. Paloma Partners Management Co purchased a new stake in shares of SLM during the 4th quarter valued at about $165,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of SLM during the 4th quarter valued at about $3,088,000. Institutional investors own 99.73% of the company’s stock.
Several brokerages recently commented on SLM. Wedbush dropped their target price on SLM from $14.50 to $14.25 and set an “outperform” rating on the stock in a report on Wednesday, May 30th. Oppenheimer set a $16.00 target price on SLM and gave the company a “buy” rating in a report on Thursday, April 12th. BidaskClub upgraded SLM from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. Zacks Investment Research downgraded SLM from a “buy” rating to a “hold” rating in a report on Monday, March 12th. Finally, BMO Capital Markets raised their target price on SLM from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, April 25th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $14.43.
SLM stock opened at $11.57 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.69. SLM Corp has a 52-week low of $9.65 and a 52-week high of $12.46. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 0.58 and a beta of 1.22.
SLM (NASDAQ:SLM) last posted its quarterly earnings data on Monday, April 23rd. The credit services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. SLM had a return on equity of 17.18% and a net margin of 20.85%. The company had revenue of $332.61 million for the quarter, compared to the consensus estimate of $316.35 million. equities analysts forecast that SLM Corp will post 1.02 EPS for the current fiscal year.
In other news, CFO Steven Mcgarry sold 95,584 shares of SLM stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $11.88, for a total value of $1,135,537.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank C. Puleo sold 4,585 shares of SLM stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $11.68, for a total value of $53,552.80. Following the completion of the transaction, the director now owns 96,949 shares of the company’s stock, valued at approximately $1,132,364.32. The disclosure for this sale can be found here. Insiders have sold a total of 113,697 shares of company stock worth $1,346,775 over the last 90 days. 0.36% of the stock is owned by company insiders.
SLM Company Profile
SLM Corporation, together with 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 and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.
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