Arrowstreet Capital Limited Partnership Has $32.13 Million Stock Holdings in SLM Co. (NASDAQ:SLM)

Arrowstreet Capital Limited Partnership decreased its holdings in shares of SLM Co. (NASDAQ:SLM - Free Report) by 41.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,165,022 shares of the credit services provider's stock after selling 836,298 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.55% of SLM worth $32,131,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in shares of SLM by 86.4% during the 4th quarter. Private Trust Co. NA now owns 971 shares of the credit services provider's stock worth $27,000 after buying an additional 450 shares during the last quarter. Blue Trust Inc. raised its holdings in SLM by 32.2% in the 4th quarter. Blue Trust Inc. now owns 1,849 shares of the credit services provider's stock valued at $51,000 after acquiring an additional 450 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in SLM during the fourth quarter worth approximately $86,000. Plato Investment Management Ltd bought a new stake in shares of SLM during the fourth quarter worth approximately $114,000. Finally, Jones Financial Companies Lllp grew its position in shares of SLM by 489.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,476 shares of the credit services provider's stock valued at $123,000 after purchasing an additional 3,717 shares during the last quarter. 98.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert S. Strong sold 40,000 shares of the business's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $28.57, for a total transaction of $1,142,800.00. Following the sale, the director now owns 43,163 shares in the company, valued at $1,233,166.91. The trade was a 48.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Compass Point boosted their price target on SLM from $31.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Royal Bank of Canada upped their price target on shares of SLM from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their price target on shares of SLM from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Morgan Stanley boosted their price objective on shares of SLM from $32.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Finally, Barclays lifted their price target on shares of SLM from $34.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.45.

SLM Price Performance

SLM traded down $0.61 during trading on Monday, hitting $24.93. 5,948,433 shares of the stock traded hands, compared to its average volume of 2,134,977. The business has a 50 day moving average price of $29.48 and a 200 day moving average price of $26.76. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.86 and a beta of 1.05. SLM Co. has a twelve month low of $19.39 and a twelve month high of $32.65. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.32 and a quick ratio of 1.27.

SLM (NASDAQ:SLM - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The credit services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.06). SLM had a return on equity of 31.66% and a net margin of 20.73%. Equities research analysts forecast that SLM Co. will post 3.07 earnings per share for the current fiscal year.

SLM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, March 5th. SLM's dividend payout ratio (DPR) is presently 19.62%.

SLM Profile

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.