SG Americas Securities LLC cut its stake in SLM Co. (NASDAQ:SLM - Free Report) by 96.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,493 shares of the credit services provider's stock after selling 328,041 shares during the period. SG Americas Securities LLC's holdings in SLM were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its stake in SLM by 1,373.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,326 shares of the credit services provider's stock valued at $29,000 after acquiring an additional 1,236 shares in the last quarter. International Assets Investment Management LLC acquired a new position in SLM during the second quarter worth $60,000. Covestor Ltd increased its stake in SLM by 378.1% in the 1st quarter. Covestor Ltd now owns 3,050 shares of the credit services provider's stock valued at $66,000 after buying an additional 2,412 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in SLM by 46.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,903 shares of the credit services provider's stock worth $129,000 after buying an additional 1,883 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of SLM by 257.5% during the 1st quarter. Headlands Technologies LLC now owns 8,329 shares of the credit services provider's stock worth $181,000 after buying an additional 5,999 shares during the last quarter. Institutional investors and hedge funds own 98.94% of the company's stock.
SLM Stock Performance
Shares of NASDAQ:SLM traded up $0.08 during trading on Tuesday, reaching $23.03. 1,386,118 shares of the stock were exchanged, compared to its average volume of 1,776,023. SLM Co. has a 12 month low of $12.26 and a 12 month high of $23.95. The stock has a 50-day moving average price of $21.81 and a 200-day moving average price of $21.47. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.66. The firm has a market cap of $5.01 billion, a PE ratio of 7.17, a PEG ratio of 0.60 and a beta of 1.15.
SLM (NASDAQ:SLM - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.32. SLM had a return on equity of 41.84% and a net margin of 24.67%. The business had revenue of $783.28 million during the quarter, compared to the consensus estimate of $368.97 million. During the same period in the previous year, the company posted $1.10 EPS. Research analysts expect that SLM Co. will post 2.85 EPS for the current fiscal year.
Wall Street Analyst Weigh In
SLM has been the topic of several analyst reports. Barclays upped their target price on SLM from $23.00 to $27.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Wedbush decreased their target price on shares of SLM from $29.00 to $26.00 and set an "outperform" rating for the company in a research note on Tuesday, September 24th. Bank of America began coverage on shares of SLM in a research report on Wednesday, September 25th. They set a "buy" rating and a $27.00 price target on the stock. Wells Fargo & Company increased their price target on shares of SLM from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of SLM from $25.00 to $29.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $24.83.
View Our Latest Stock Report on SLM
Insider Activity
In other news, Director Robert S. Strong sold 4,500 shares of the company's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $22.70, for a total transaction of $102,150.00. Following the completion of the sale, the director now directly owns 101,093 shares in the company, valued at approximately $2,294,811.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.
About SLM
(
Free Report)
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.
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