GSA Capital Partners LLP increased its holdings in shares of SLM Corp (NASDAQ:SLM) by 105.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,903 shares of the credit services provider’s stock after purchasing an additional 80,689 shares during the period. GSA Capital Partners LLP’s holdings in SLM were worth $1,525,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in SLM in the 2nd quarter valued at approximately $49,000. Twin Tree Management LP bought a new stake in SLM in the 1st quarter valued at approximately $52,000. Qube Research & Technologies Ltd bought a new stake in SLM in the 2nd quarter valued at approximately $106,000. Cleararc Capital Inc. bought a new stake in SLM in the 1st quarter valued at approximately $111,000. Finally, Magnus Financial Group LLC bought a new stake in SLM in the 2nd quarter valued at approximately $116,000. Institutional investors and hedge funds own 99.95% of the company’s stock.
Several equities research analysts have commented on the company. BidaskClub cut SLM from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 14th. Oppenheimer set a $12.00 target price on SLM and gave the company a “buy” rating in a research note on Friday, July 26th. Compass Point cut SLM from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. ValuEngine upgraded SLM from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, BMO Capital Markets set a $16.00 target price on SLM and gave the company a “buy” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. SLM currently has an average rating of “Hold” and an average price target of $12.83.
SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The firm had revenue of $396.87 million for the quarter, compared to analyst estimates of $401.69 million. SLM had a return on equity of 20.44% and a net margin of 26.18%. During the same quarter in the previous year, the firm earned $0.25 EPS. As a group, research analysts predict that SLM Corp will post 1.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, September 5th. SLM’s dividend payout ratio (DPR) is 11.21%.
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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