Dimensional Fund Advisors LP Increases Position in SLM Corp (NASDAQ:SLM)

Dimensional Fund Advisors LP grew its position in SLM Corp (NASDAQ:SLM) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,189,215 shares of the credit services provider’s stock after purchasing an additional 203,159 shares during the quarter. Dimensional Fund Advisors LP owned about 1.19% of SLM worth $43,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLM. Doyle Wealth Management purchased a new position in SLM in the fourth quarter worth $44,000. Pearl River Capital LLC purchased a new stake in shares of SLM during the fourth quarter valued at $48,000. Quantamental Technologies LLC purchased a new stake in shares of SLM during the fourth quarter valued at $65,000. Shufro Rose & Co. LLC purchased a new stake in shares of SLM during the fourth quarter valued at $83,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of SLM by 18.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 10,136 shares of the credit services provider’s stock valued at $84,000 after buying an additional 1,581 shares during the last quarter.

A number of equities research analysts have recently weighed in on SLM shares. Zacks Investment Research reissued a “buy” rating and set a $9.00 price objective on shares of SLM in a report on Monday, December 31st. Oppenheimer set a $14.00 price objective on shares of SLM and gave the company a “buy” rating in a report on Sunday, April 21st. Wedbush set a $13.00 price objective on shares of SLM and gave the company a “buy” rating in a report on Monday. ValuEngine lowered shares of SLM from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, TheStreet lowered shares of SLM from a “b” rating to a “c+” rating in a report on Thursday, January 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.00.

In other SLM news, SVP Jonathan Boyles sold 68,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $11.20, for a total value of $761,600.00. Following the completion of the transaction, the senior vice president now owns 67,679 shares in the company, valued at $758,004.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Paul F. Thome sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $11.10, for a total transaction of $277,500.00. Following the completion of the transaction, the executive vice president now owns 208,049 shares of the company’s stock, valued at approximately $2,309,343.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,805 shares of company stock worth $1,047,625. 0.36% of the stock is owned by corporate insiders.

NASDAQ:SLM traded up $0.34 during mid-day trading on Friday, hitting $10.30. The company’s stock had a trading volume of 3,626,332 shares, compared to its average volume of 3,573,058. SLM Corp has a 1 year low of $7.95 and a 1 year high of $12.16. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 0.41 and a beta of 1.48.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, April 17th. The credit services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. SLM had a net margin of 25.77% and a return on equity of 20.28%. The company had revenue of $402.28 million for the quarter, compared to analyst estimates of $384.70 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis. As a group, equities research analysts predict that SLM Corp will post 1.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, June 6th. SLM’s payout ratio is 11.21%.

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SLM Company Profile

SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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