SG Americas Securities LLC Cuts Stock Holdings in SLM Co. (NASDAQ:SLM)

SG Americas Securities LLC reduced its position in shares of SLM Co. (NASDAQ:SLMGet Rating) by 11.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,556 shares of the credit services provider’s stock after selling 6,403 shares during the period. SG Americas Securities LLC’s holdings in SLM were worth $910,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in shares of SLM by 13.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,587,780 shares of the credit services provider’s stock valued at $345,952,000 after purchasing an additional 2,021,850 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of SLM by 221.0% in the first quarter. Wedge Capital Management L L P NC now owns 2,550,985 shares of the credit services provider’s stock valued at $46,836,000 after purchasing an additional 1,756,241 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of SLM by 78,214.2% in the fourth quarter. Lazard Asset Management LLC now owns 1,112,061 shares of the credit services provider’s stock valued at $21,874,000 after purchasing an additional 1,110,641 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of SLM by 3,288.6% in the fourth quarter. Panagora Asset Management Inc. now owns 826,206 shares of the credit services provider’s stock valued at $16,251,000 after purchasing an additional 801,824 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of SLM by 42.6% in the fourth quarter. First Trust Advisors LP now owns 1,309,456 shares of the credit services provider’s stock valued at $25,757,000 after purchasing an additional 391,104 shares in the last quarter. 92.97% of the stock is currently owned by hedge funds and other institutional investors.

SLM Trading Up 0.6 %

SLM opened at $15.60 on Monday. SLM Co. has a one year low of $14.60 and a one year high of $20.88. The stock has a market capitalization of $4.20 billion, a PE ratio of 7.19 and a beta of 1.26. The business’s 50 day moving average price is $17.05 and its 200 day moving average price is $17.74. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.24 and a current ratio of 1.24.

SLM (NASDAQ:SLMGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The credit services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.21. SLM had a return on equity of 34.38% and a net margin of 31.67%. During the same quarter in the previous year, the business earned $0.45 EPS. As a group, equities research analysts expect that SLM Co. will post 2.91 EPS for the current year.

SLM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, September 1st. SLM’s dividend payout ratio (DPR) is 20.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SLM shares. Citigroup dropped their price target on SLM from $26.00 to $21.00 in a research report on Monday, May 2nd. Keefe, Bruyette & Woods dropped their price target on SLM from $24.00 to $21.00 in a research report on Monday, July 11th. Stephens cut SLM from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $24.00 to $19.00 in a report on Monday, April 18th. Finally, Barclays decreased their price objective on SLM from $27.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, July 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

About SLM

(Get Rating)

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 also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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