Wedge Capital Management L L P NC lifted its position in shares of SLM Corp (NASDAQ:SLM) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,770,439 shares of the credit services provider’s stock after purchasing an additional 149,567 shares during the period. Wedge Capital Management L L P NC owned 0.89% of SLM worth $33,595,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SLM. FNY Investment Advisers LLC purchased a new position in SLM in the fourth quarter worth $31,000. HM Payson & Co. purchased a new stake in shares of SLM during the 2nd quarter valued at $46,000. Huntington National Bank raised its stake in shares of SLM by 85.0% during the 3rd quarter. Huntington National Bank now owns 5,314 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 2,442 shares during the period. Doyle Wealth Management bought a new stake in shares of SLM during the 2nd quarter worth $51,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of SLM in the 2nd quarter worth about $117,000. 98.23% of the stock is currently owned by institutional investors.
A number of analysts recently issued reports on the stock. ValuEngine upgraded shares of SLM from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. BidaskClub cut shares of SLM from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. SLM presently has an average rating of “Hold” and a consensus target price of $13.67.
NASDAQ:SLM opened at $8.61 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.32 and a quick ratio of 1.32. The business has a fifty day simple moving average of $8.76 and a two-hundred day simple moving average of $8.85. SLM Corp has a 1 year low of $7.76 and a 1 year high of $11.53. The company has a market capitalization of $3.60 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.48 and a beta of 1.43.
SLM (NASDAQ:SLM) last issued its earnings results on Wednesday, October 23rd. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. SLM had a return on equity of 20.63% and a net margin of 25.04%. The firm had revenue of $405.07 million for the quarter, compared to analyst estimates of $397.58 million. During the same period in the previous year, the company posted $0.23 earnings per share. As a group, analysts anticipate that SLM Corp will post 1.23 earnings per share for the current year.
SLM Corporation, through 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 or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
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