Los Angeles Capital Management & Equity Research Inc. Invests $248,000 in SLM Corp (SLM) Stock

Los Angeles Capital Management & Equity Research Inc. purchased a new position in SLM Corp (NASDAQ:SLM) during the first quarter, HoldingsChannel.com reports. The firm purchased 25,000 shares of the credit services provider’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Huntington National Bank increased its stake in SLM by 69.2% in the 1st quarter. Huntington National Bank now owns 2,890 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 1,182 shares in the last quarter. Doyle Wealth Management purchased a new position in SLM in the 4th quarter worth about $44,000. Pearl River Capital LLC purchased a new position in SLM in the 4th quarter worth about $48,000. Quantamental Technologies LLC purchased a new position in SLM in the 4th quarter worth about $65,000. Finally, Shufro Rose & Co. LLC purchased a new position in SLM in the 4th quarter worth about $83,000.

A number of equities analysts recently weighed in on the company. ValuEngine raised SLM from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 7th. Wedbush set a $13.00 price target on SLM and gave the stock a “buy” rating in a research note on Monday, April 22nd. TheStreet raised SLM from a “c+” rating to a “b-” rating in a research note on Monday, January 28th. BMO Capital Markets raised SLM from a “market perform” rating to an “outperform” rating in a research note on Friday, January 25th. Finally, Oppenheimer set a $14.00 target price on SLM and gave the company a “buy” rating in a research note on Sunday, April 21st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. SLM presently has an average rating of “Hold” and a consensus target price of $13.00.

In related news, EVP Paul F. Thome sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $11.10, for a total value of $277,500.00. Following the completion of the sale, the executive vice president now owns 208,049 shares of the company’s stock, valued at approximately $2,309,343.90. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $761,600.00. Following the completion of the sale, the senior vice president now directly owns 67,679 shares of the company’s stock, valued at approximately $758,004.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 93,805 shares of company stock worth $1,047,625. Company insiders own 0.45% of the company’s stock.

NASDAQ:SLM opened at $10.02 on Thursday. 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 Corp has a fifty-two week low of $7.95 and a fifty-two week high of $12.16. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.41 and a beta of 1.47.

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

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

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About SLM

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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