Janus Henderson Group PLC Has $22.67 Million Position in SLM Corp (SLM)

Janus Henderson Group PLC lessened its holdings in SLM Corp (NASDAQ:SLM) by 3.7% during the first quarter, HoldingsChannel.com reports. The firm owned 2,287,635 shares of the credit services provider’s stock after selling 88,803 shares during the quarter. Janus Henderson Group PLC’s holdings in SLM were worth $22,670,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Quantamental Technologies LLC boosted its stake in SLM by 210.2% during the first quarter. Quantamental Technologies LLC now owns 24,179 shares of the credit services provider’s stock worth $240,000 after acquiring an additional 16,385 shares in the last quarter. SG Americas Securities LLC boosted its stake in SLM by 14.3% during the first quarter. SG Americas Securities LLC now owns 42,305 shares of the credit services provider’s stock worth $419,000 after acquiring an additional 5,300 shares in the last quarter. Bank of Montreal Can boosted its stake in SLM by 0.4% during the first quarter. Bank of Montreal Can now owns 749,349 shares of the credit services provider’s stock worth $7,426,000 after acquiring an additional 2,884 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in SLM by 13,377.2% during the first quarter. BNP Paribas Arbitrage SA now owns 983,024 shares of the credit services provider’s stock worth $9,742,000 after acquiring an additional 975,730 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in SLM during the first quarter worth about $248,000.

Shares of NASDAQ SLM opened at $9.99 on Tuesday. The company has a market capitalization of $4.46 billion, a PE ratio of 9.34, a PEG ratio of 0.42 and a beta of 1.47. SLM Corp has a 52-week low of $7.95 and a 52-week 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.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.20%. SLM’s dividend payout ratio is presently 11.21%.

In other news, EVP Paul F. Thome sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The shares were 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 directly owns 208,049 shares of the company’s stock, valued at $2,309,343.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jonathan Boyles sold 68,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $11.20, for a total transaction of $761,600.00. Following the transaction, the senior vice president now directly owns 67,679 shares of the company’s stock, valued at $758,004.80. The disclosure for this sale can be found here. Insiders have sold 93,805 shares of company stock valued at $1,047,625 over the last three months. 0.36% of the stock is owned by corporate insiders.

Several equities research analysts recently commented on SLM shares. TheStreet raised shares of SLM from a “c+” rating to a “b-” rating in a research note on Monday, January 28th. Zacks Investment Research upgraded shares of SLM from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Tuesday, January 15th. Wedbush set a $13.00 target price on shares of SLM and gave the stock a “buy” rating in a research note on Monday, April 22nd. Oppenheimer set a $14.00 target price on shares of SLM and gave the stock a “buy” rating in a research note on Sunday, April 21st. Finally, ValuEngine upgraded shares of SLM from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $13.00.

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SLM 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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