JPMorgan Chase & Co. Has $20.81 Million Stake in SLM Co. (NASDAQ:SLM)

JPMorgan Chase & Co. lifted its stake in SLM Co. (NASDAQ:SLM - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 754,457 shares of the credit services provider's stock after buying an additional 85,194 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of SLM worth $20,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Boston Partners boosted its position in shares of SLM by 3.9% during the 4th quarter. Boston Partners now owns 12,246,797 shares of the credit services provider's stock worth $338,889,000 after acquiring an additional 456,415 shares in the last quarter. State Street Corp lifted its stake in SLM by 0.6% during the third quarter. State Street Corp now owns 6,923,576 shares of the credit services provider's stock worth $158,342,000 after purchasing an additional 43,927 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of SLM by 7.0% in the 4th quarter. American Century Companies Inc. now owns 5,175,645 shares of the credit services provider's stock valued at $142,744,000 after purchasing an additional 338,128 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of SLM by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,762,328 shares of the credit services provider's stock valued at $108,936,000 after purchasing an additional 331,490 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of SLM during the 4th quarter worth $20,603,000. Institutional investors and hedge funds own 98.94% of the company's stock.

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Insiders Place Their Bets

In other SLM news, Director Robert S. Strong sold 40,000 shares of the 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 directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company's stock.

SLM Trading Up 2.9 %

Shares of SLM stock traded up $0.76 during trading hours on Tuesday, hitting $26.86. 832,410 shares of the company's stock traded hands, compared to its average volume of 2,165,888. 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 Co. has a 12 month low of $19.39 and a 12 month high of $32.65. The stock has a market cap of $5.65 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05. The stock's 50 day simple moving average is $29.09 and its 200 day simple moving average is $26.92.

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

SLM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.94%. The ex-dividend date was Wednesday, March 5th. SLM's payout ratio is presently 19.62%.

Analyst Ratings Changes

Several analysts recently weighed in on SLM shares. Royal Bank of Canada raised their price objective on SLM from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Wells Fargo & Company raised their price target on shares of SLM from $32.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Compass Point upped their price objective on shares of SLM from $31.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised their target price on shares of SLM from $30.00 to $32.00 and gave the company a "market perform" rating in a research report on Friday, January 24th. Finally, Barclays boosted their target price on shares of SLM from $34.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $31.18.

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.