Prudential Financial Inc. boosted its stake in shares of SLM Corp (NASDAQ:SLM) by 164.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 730,645 shares of the credit services provider’s stock after acquiring an additional 454,520 shares during the quarter. Prudential Financial Inc. owned 0.17% of SLM worth $8,147,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. BB&T Corp acquired a new position in SLM during the third quarter worth $127,000. BB&T Securities LLC acquired a new position in SLM during the second quarter worth $153,000. Strs Ohio acquired a new position in SLM during the second quarter worth $242,000. Wasatch Advisors Inc. acquired a new position in SLM during the second quarter worth $298,000. Finally, Cubist Systematic Strategies LLC raised its stake in SLM by 53.7% during the second quarter. Cubist Systematic Strategies LLC now owns 33,830 shares of the credit services provider’s stock worth $387,000 after acquiring an additional 11,818 shares in the last quarter.
SLM has been the subject of several recent analyst reports. Zacks Investment Research lowered SLM from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. BidaskClub upgraded SLM from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 13th. Oppenheimer set a $13.00 price objective on SLM and gave the stock a “buy” rating in a research note on Sunday, November 11th. Finally, ValuEngine lowered SLM from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $14.30.
Shares of NASDAQ:SLM opened at $9.90 on Friday. SLM Corp has a twelve month low of $9.52 and a twelve month high of $12.46. The firm has a market capitalization of $4.32 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.50 and a beta of 1.20. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.41 and a quick ratio of 1.41.
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 during the quarter, compared to analyst estimates of $350.10 million. During the same quarter last year, the business posted $0.17 earnings per share. Equities analysts anticipate that SLM Corp will post 1.02 earnings per share for the current year.
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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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