SLM Co. (NASDAQ:SLM) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in SLM Co. (NASDAQ:SLM - Free Report) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,738,235 shares of the credit services provider's stock after selling 19,822 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.82% of SLM worth $47,941,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its stake 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 buying an additional 450 shares during the period. Private Trust Co. NA boosted its holdings in SLM by 86.4% in the 4th quarter. Private Trust Co. NA now owns 971 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 450 shares in the last quarter. Empowered Funds LLC increased its position in SLM by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 11,594 shares of the credit services provider's stock worth $265,000 after purchasing an additional 526 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of SLM by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,825 shares of the credit services provider's stock worth $933,000 after buying an additional 552 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of SLM by 11.9% in the 4th quarter. Truist Financial Corp now owns 9,052 shares of the credit services provider's stock valued at $250,000 after buying an additional 960 shares during the period. 98.94% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at SLM

In other SLM news, Director Robert S. Strong sold 40,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 43,163 shares in the company, valued at $1,233,166.91. This trade represents a 48.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.

SLM Stock Down 0.4 %

Shares of NASDAQ:SLM traded down $0.13 during mid-day trading on Tuesday, hitting $29.13. 2,741,204 shares of the company traded hands, compared to its average volume of 1,933,723. The firm has a market cap of $6.13 billion, a P/E ratio of 10.99, a PEG ratio of 0.86 and a beta of 1.23. The company has a debt-to-equity ratio of 3.37, a quick ratio of 1.27 and a current ratio of 1.32. SLM Co. has a 52-week low of $19.39 and a 52-week high of $32.65. The firm's 50 day simple moving average is $29.22 and its 200 day simple moving average is $25.93.

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

SLM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.52 dividend on an annualized basis and a yield of 1.79%. SLM's dividend payout ratio (DPR) is presently 19.62%.

Analysts Set New Price Targets

SLM has been the subject of several research analyst reports. 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. Barclays upped their target price on SLM from $34.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley upped their target price on SLM from $32.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, March 10th. JPMorgan Chase & Co. upped their target price on SLM from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Finally, Compass Point upped their target price on SLM from $31.00 to $34.00 and gave the company a "buy" rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.45.

About SLM

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.