Stevens Capital Management LP Has $1.72 Million Stake in SLM Corp (SLM)

Stevens Capital Management LP lifted its position in shares of SLM Corp (NASDAQ:SLM) by 231.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,261 shares of the credit services provider’s stock after purchasing an additional 107,672 shares during the period. Stevens Capital Management LP’s holdings in SLM were worth $1,720,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Xact Kapitalforvaltning AB raised its stake in SLM by 7.7% in the third quarter. Xact Kapitalforvaltning AB now owns 67,079 shares of the credit services provider’s stock worth $748,000 after buying an additional 4,800 shares in the last quarter. Systematic Financial Management LP raised its stake in SLM by 10.6% in the third quarter. Systematic Financial Management LP now owns 60,265 shares of the credit services provider’s stock worth $672,000 after buying an additional 5,785 shares in the last quarter. Arizona State Retirement System raised its stake in SLM by 2.3% in the third quarter. Arizona State Retirement System now owns 309,142 shares of the credit services provider’s stock worth $3,447,000 after buying an additional 6,978 shares in the last quarter. SG Americas Securities LLC raised its stake in SLM by 14.3% in the second quarter. SG Americas Securities LLC now owns 60,519 shares of the credit services provider’s stock worth $693,000 after buying an additional 7,561 shares in the last quarter. Finally, Swiss National Bank raised its stake in SLM by 1.0% in the third quarter. Swiss National Bank now owns 759,192 shares of the credit services provider’s stock worth $8,465,000 after buying an additional 7,800 shares in the last quarter.

A number of equities analysts recently issued reports on SLM shares. BidaskClub downgraded shares of SLM from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Zacks Investment Research downgraded shares of SLM from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. ValuEngine downgraded shares of SLM from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Finally, Oppenheimer set a $13.00 target price on shares of SLM and gave the company a “buy” rating in a research note on Sunday, November 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $14.30.

Shares of NASDAQ SLM opened at $9.91 on Wednesday. SLM Corp has a fifty-two week low of $9.78 and a fifty-two week high of $12.46. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.52 and a beta of 1.20. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.86.

SLM (NASDAQ:SLM) last announced its earnings results on Monday, October 22nd. The credit services provider reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). SLM had a net margin of 22.81% and a return on equity of 18.84%. The business had revenue of $356.63 million for the quarter, compared to the consensus estimate of $350.10 million. During the same period in the prior year, the business posted $0.17 EPS. On average, sell-side analysts anticipate that SLM Corp will post 1.02 EPS for the current year.

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About SLM

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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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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