SLM Corp (NASDAQ:SLM) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lowered its stake in shares of SLM Corp (NASDAQ:SLM) by 52.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,465 shares of the credit services provider’s stock after selling 21,540 shares during the quarter. Systematic Financial Management LP’s holdings in SLM were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in SLM during the 4th quarter valued at about $22,405,000. Geode Capital Management LLC grew its holdings in SLM by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 4,672,277 shares of the credit services provider’s stock valued at $38,826,000 after purchasing an additional 307,406 shares during the last quarter. Deutsche Bank AG grew its holdings in SLM by 68.5% during the 4th quarter. Deutsche Bank AG now owns 1,120,053 shares of the credit services provider’s stock valued at $9,306,000 after purchasing an additional 455,287 shares during the last quarter. Huntington National Bank grew its holdings in SLM by 69.2% during the 1st quarter. Huntington National Bank now owns 2,890 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in SLM by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 117,000 shares of the credit services provider’s stock valued at $1,159,000 after purchasing an additional 1,400 shares during the last quarter.

Shares of SLM stock opened at $8.22 on Wednesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $3.49 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.51 and a beta of 1.41. The stock has a 50-day moving average of $9.27. SLM Corp has a one year low of $7.95 and a one year high of $12.09.

SLM (NASDAQ:SLM) last issued its earnings results on Wednesday, July 24th. The credit services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The business had revenue of $396.87 million for the quarter, compared to the consensus estimate of $401.69 million. SLM had a net margin of 26.18% and a return on equity of 20.44%. During the same period in the prior year, the firm earned $0.25 EPS. As a group, analysts expect that SLM Corp will post 1.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.46%. SLM’s dividend payout ratio is currently 11.21%.

Several equities analysts recently commented on SLM shares. BidaskClub downgraded shares of SLM from a “sell” rating to a “strong sell” rating in a report on Wednesday. BMO Capital Markets set a $16.00 price target on shares of SLM and gave the company a “buy” rating in a report on Friday, July 26th. Oppenheimer set a $12.00 price target on shares of SLM and gave the company a “buy” rating in a report on Friday, July 26th. Wedbush set a $13.00 price target on shares of SLM and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Compass Point downgraded shares of SLM from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.83.

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.

See Also: Short Selling – Explanation For Shorting Stocks

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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