Commonwealth Bank of Australia Purchases 2,400 Shares of SLM Corp (SLM)

Commonwealth Bank of Australia raised its position in shares of SLM Corp (NASDAQ:SLM) by 1.5% in the fourth quarter, HoldingsChannel reports. The firm owned 158,760 shares of the credit services provider’s stock after buying an additional 2,400 shares during the period. Commonwealth Bank of Australia’s holdings in SLM were worth $1,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Signition LP acquired a new stake in SLM in the 4th quarter valued at approximately $956,000. Prudential Financial Inc. grew its holdings in SLM by 164.6% in the 3rd quarter. Prudential Financial Inc. now owns 730,645 shares of the credit services provider’s stock valued at $8,147,000 after buying an additional 454,520 shares during the last quarter. Shufro Rose & Co. LLC acquired a new stake in SLM in the 4th quarter valued at approximately $83,000. Point72 Asset Management L.P. grew its holdings in SLM by 43.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,176,000 shares of the credit services provider’s stock valued at $13,112,000 after buying an additional 354,988 shares during the last quarter. Finally, Voit & Company LLC acquired a new stake in SLM in the 4th quarter valued at approximately $113,000.

In other news, EVP Paul F. Thome sold 25,000 shares of SLM stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $11.10, for a total transaction of $277,500.00. Following the sale, the executive vice president now owns 208,049 shares of the company’s stock, valued at approximately $2,309,343.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jonathan Boyles sold 68,000 shares of SLM stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $11.20, for a total value of $761,600.00. Following the sale, the senior vice president now directly owns 67,679 shares in the company, valued at approximately $758,004.80. The disclosure for this sale can be found here. Insiders have sold a total of 93,805 shares of company stock worth $1,047,625 in the last three months. 0.36% of the stock is owned by insiders.



A number of research firms have issued reports on SLM. ValuEngine lowered SLM from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. TheStreet raised SLM from a “c+” rating to a “b-” rating in a report on Monday, January 28th. Wedbush reaffirmed an “outperform” rating on shares of SLM in a report on Tuesday, January 29th. BMO Capital Markets raised SLM from a “market perform” rating to an “outperform” rating in a report on Friday, January 25th. Finally, BidaskClub lowered SLM from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $13.18.

Shares of NASDAQ:SLM opened at $10.52 on Friday. SLM Corp has a 1-year low of $7.95 and a 1-year high of $12.46. The company has a market cap of $4.63 billion, a PE ratio of 9.83, a PEG ratio of 0.43 and a beta of 1.50. The company has a current ratio of 1.38, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67.

SLM (NASDAQ:SLM) last announced its quarterly earnings data on Wednesday, January 23rd. The credit services provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. SLM had a return on equity of 20.05% and a net margin of 26.07%. The company had revenue of $382.87 million for the quarter, compared to analyst estimates of $367.40 million. During the same quarter last year, the firm earned $0.19 EPS. SLM’s revenue for the quarter was up 23.8% compared to the same quarter last year. Research analysts expect that SLM Corp will post 1.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Monday, March 4th. SLM’s payout ratio is presently 11.21%.

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SLM Profile

SLM Corp. engages in the origination, servicing, and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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