1 week Ago By ABMN Staff
JPMorgan Chase & Co. boosted its position in SLM Co. ( NASDAQ:SLM – Free Report ) by 12.
7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 754,457 shares of the credit services provider’s stock after acquiring an additional 85,194 shares during the quarter.
JPMorgan Chase & Co.’s holdings in SLM were worth $20,808,000 as of its most recent SEC filing. Several other large investors also recently modified their holdings of the business.
State Street Corp increased its stake in shares of SLM by 0.6% in the third quarter. State Street Corp now owns 6,923,576 shares of the credit services provider’s stock worth $158,342,000 after buying an additional 43,927 shares during the last quarter.
Amundi increased its position in shares of SLM by 103.4% in the 4th quarter. Amundi now owns 135,014 shares of the credit services provider’s stock worth $3,712,000 after purchasing an additional 68,632 shares during the last quarter.
HighTower Advisors LLC raised its stake in shares of SLM by 136.9% in the 3rd quarter. HighTower Advisors LLC now owns 38,618 shares of the credit services provider’s stock valued at $884,000 after purchasing an additional 22,315 shares in the last quarter.
Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of SLM by 9.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,692 shares of the credit services provider’s stock valued at $6,169,000 after purchasing an additional 18,754 shares in the last quarter.
Finally, Boston Partners lifted its position in shares of SLM by 3.9% during the fourth quarter. Boston Partners now owns 12,246,797 shares of the credit services provider’s stock worth $338,889,000 after purchasing an additional 456,415 shares during the last quarter.
98.94% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling In related news, Director Robert S.
Strong sold 40,000 shares of the firm’s 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 transaction, the director now owns 43,163 shares of the company’s stock, valued at $1,233,166.91.
This trade represents a 48.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website .
1.20% of the stock is owned by corporate insiders. SLM Price Performance 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 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%. Analysts anticipate that SLM Co. will post 3.
07 earnings per share for the current year. SLM Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were paid a dividend of $0.
13 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.
52 dividend on an annualized basis and a dividend yield of 2.02%. SLM’s dividend payout ratio is presently 19.
62%. Analyst Upgrades and Downgrades SLM has been the topic of several research reports. Compass Point upped their price objective on SLM from $31.
00 to $34.00 and gave the company a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co.
reduced their price objective on SLM from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday.
Keefe, Bruyette & Woods boosted their target price 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.
Royal Bank of Canada raised their price target on shares of SLM from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th.
Finally, Morgan Stanley boosted their price objective on shares of SLM from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, March 10th.
Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.
18. View Our Latest Analysis on SLM SLM Profile ( 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.
Recommended Stories Want to see what other hedge funds are holding SLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SLM Co. ( NASDAQ:SLM – Free Report ).
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