Callan Family Office LLC Takes Position in SLM Co. (NASDAQ:SLM)

Callan Family Office LLC purchased a new stake in SLM Co. (NASDAQ:SLM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,088 shares of the credit services provider's stock, valued at approximately $278,000.

A number of other institutional investors also recently bought and sold shares of SLM. Private Trust Co. NA increased its position in SLM by 86.4% during the fourth 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 period. True Wealth Design LLC purchased a new position in shares of SLM during the third quarter worth approximately $31,000. Capital Performance Advisors LLP purchased a new stake in SLM in the 3rd quarter valued at $35,000. Blue Trust Inc. boosted its stake in SLM by 32.2% during the 4th quarter. Blue Trust Inc. now owns 1,849 shares of the credit services provider's stock worth $51,000 after purchasing an additional 450 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in SLM during the 4th quarter worth $86,000. 98.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SLM

In related news, Director Robert S. Strong sold 40,000 shares of SLM stock in a transaction dated 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 completion of the sale, the director now owns 43,163 shares in the company, valued at approximately $1,233,166.91. This trade represents a 48.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank of Canada increased their price objective on SLM from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Wells Fargo & Company increased their price target on SLM from $32.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price objective on shares of SLM from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Friday, January 24th. Barclays upped their price objective on shares of SLM from $34.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of SLM from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $31.45.

SLM Price Performance

NASDAQ SLM traded up $0.57 during mid-day trading on Wednesday, hitting $29.02. The stock had a trading volume of 1,039,465 shares, compared to its average volume of 2,778,864. The company has a 50 day simple moving average of $29.13 and a 200 day simple moving average of $25.72. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 0.86 and a beta of 1.23. SLM Co. has a 52-week low of $19.39 and a 52-week high of $32.65. The company has a quick ratio of 1.27, a current ratio of 1.32 and a debt-to-equity ratio of 3.37.

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

SLM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.52 annualized dividend and a dividend yield of 1.79%. SLM's dividend payout ratio 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.