Mitsubishi UFJ Trust & Banking Corp Has $6.17 Million Stock Position in SLM Co. (NASDAQ:SLM)

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of SLM Co. (NASDAQ:SLM - Free Report) by 9.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 223,692 shares of the credit services provider's stock after acquiring an additional 18,754 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.11% of SLM worth $6,169,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SLM. Private Trust Co. NA raised its stake in shares of 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. True Wealth Design LLC bought a new stake in SLM in the third quarter valued at about $31,000. Blue Trust Inc. raised its stake in SLM by 32.2% during the fourth 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in SLM during the 4th quarter worth approximately $86,000. Finally, Plato Investment Management Ltd acquired a new position in shares of SLM in the 4th quarter worth approximately $114,000. 98.94% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert S. Strong sold 40,000 shares of SLM stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $28.57, for a total value of $1,142,800.00. Following the transaction, the director now owns 43,163 shares of the company's stock, valued at $1,233,166.91. The trade was a 48.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.20% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on SLM from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Morgan Stanley raised their price target on shares of SLM from $32.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Royal Bank of Canada lifted their price target on shares of SLM from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their price target on SLM from $30.00 to $32.00 and gave the stock a "market perform" rating in a report on Friday, January 24th. Finally, Barclays raised their target price on SLM from $34.00 to $38.00 and gave the company 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 issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.45.

SLM Price Performance

SLM traded down $2.21 on Friday, reaching $25.17. The company had a trading volume of 472,236 shares, compared to its average volume of 2,095,527. The company has a market capitalization of $5.30 billion, a P/E ratio of 9.52, a PEG ratio of 0.86 and a beta of 1.05. The company has a current ratio of 1.32, a quick ratio of 1.27 and a debt-to-equity ratio of 3.37. The company has a fifty day moving average of $29.63 and a 200-day moving average of $26.64. SLM Co. has a one year low of $19.39 and a one year high of $32.65.

SLM (NASDAQ:SLM - Get Free Report) last posted its quarterly earnings data 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 net margin of 20.73% and a return on equity of 31.66%. As a group, equities research analysts anticipate that SLM Co. will post 3.07 earnings per share for the current year.

SLM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Wednesday, March 5th. SLM's dividend payout ratio is presently 19.62%.

SLM Company 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.