Lazard Asset Management LLC Sells 9,861 Shares of SLM Co. (NASDAQ:SLM)

Lazard Asset Management LLC trimmed its position in shares of SLM Co. (NASDAQ:SLMGet Rating) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,394 shares of the credit services provider’s stock after selling 9,861 shares during the period. Lazard Asset Management LLC owned approximately 0.08% of SLM worth $3,385,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Boston Partners lifted its stake in shares of SLM by 37.0% in the first quarter. Boston Partners now owns 14,965,786 shares of the credit services provider’s stock valued at $273,621,000 after buying an additional 4,042,189 shares during the period. Polaris Capital Management LLC bought a new stake in shares of SLM in the first quarter valued at about $49,609,000. Capital World Investors lifted its stake in shares of SLM by 53.0% in the first quarter. Capital World Investors now owns 4,530,000 shares of the credit services provider’s stock valued at $83,171,000 after buying an additional 1,570,000 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of SLM by 89.2% in the first quarter. Los Angeles Capital Management LLC now owns 2,128,237 shares of the credit services provider’s stock valued at $39,074,000 after buying an additional 1,003,340 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of SLM by 3.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,222,030 shares of the credit services provider’s stock valued at $334,556,000 after buying an additional 634,250 shares during the period. 98.89% of the stock is currently owned by institutional investors.

SLM Stock Performance

NASDAQ SLM opened at $17.07 on Thursday. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 5.56 and a beta of 1.20. The company has a 50 day moving average of $15.68 and a 200-day moving average of $16.22. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.19. SLM Co. has a 1-year low of $13.72 and a 1-year high of $20.88.

SLM (NASDAQ:SLMGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The credit services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.18). The firm had revenue of $369.51 million for the quarter, compared to analyst estimates of $347.69 million. SLM had a return on equity of 47.71% and a net margin of 35.01%. During the same period in the previous year, the business posted $0.24 EPS. On average, equities analysts forecast that SLM Co. will post 2.51 earnings per share for the current fiscal year.

SLM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, December 1st. This represents a $0.44 annualized dividend and a dividend yield of 2.58%. SLM’s dividend payout ratio (DPR) is currently 14.33%.

Analyst Ratings Changes

SLM has been the subject of several research reports. Morgan Stanley initiated coverage on shares of SLM in a research note on Friday, October 7th. They issued an “underweight” rating and a $15.00 target price for the company. Credit Suisse Group dropped their price target on shares of SLM to $22.00 in a research report on Thursday, October 13th. Citigroup lowered shares of SLM from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $17.00 in a research report on Thursday, October 13th. Stephens increased their price target on shares of SLM from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, October 28th. Finally, Wedbush reissued an “outperform” rating and issued a $17.00 price target on shares of SLM in a research report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.89.

SLM Profile

(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.

Recommended Stories

Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

Receive News & Ratings for SLM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM and related companies with MarketBeat.com's FREE daily email newsletter.