Hsbc Holdings PLC Increases Stake in SLM Co. (NASDAQ:SLM)

Hsbc Holdings PLC raised its position in SLM Co. (NASDAQ:SLMFree Report) by 394.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 54,521 shares of the credit services provider’s stock after purchasing an additional 43,495 shares during the period. Hsbc Holdings PLC’s holdings in SLM were worth $1,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SLM. Boston Partners increased its position in shares of SLM by 20.1% during the 4th quarter. Boston Partners now owns 11,786,932 shares of the credit services provider’s stock worth $225,574,000 after purchasing an additional 1,969,885 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of SLM by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,473,007 shares of the credit services provider’s stock worth $123,767,000 after purchasing an additional 170,764 shares during the last quarter. Goldentree Asset Management LP increased its position in shares of SLM by 9.1% during the 3rd quarter. Goldentree Asset Management LP now owns 4,282,732 shares of the credit services provider’s stock worth $58,331,000 after purchasing an additional 357,235 shares during the last quarter. American Century Companies Inc. increased its position in shares of SLM by 8.9% during the 3rd quarter. American Century Companies Inc. now owns 2,570,065 shares of the credit services provider’s stock worth $35,004,000 after purchasing an additional 209,632 shares during the last quarter. Finally, Polaris Capital Management LLC increased its position in shares of SLM by 34.1% during the 4th quarter. Polaris Capital Management LLC now owns 2,445,400 shares of the credit services provider’s stock worth $46,756,000 after purchasing an additional 622,400 shares during the last quarter. Hedge funds and other institutional investors own 98.94% of the company’s stock.

SLM Price Performance

Shares of NASDAQ SLM opened at $20.57 on Monday. SLM Co. has a fifty-two week low of $12.26 and a fifty-two week high of $22.74. The business has a 50 day moving average price of $21.20 and a two-hundred day moving average price of $19.80. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.67. The firm has a market cap of $4.52 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 0.41 and a beta of 1.16.

SLM (NASDAQ:SLMGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.18. The firm had revenue of $837.72 million during the quarter, compared to analyst estimates of $376.43 million. SLM had a return on equity of 45.65% and a net margin of 25.15%. During the same quarter last year, the firm earned $0.47 EPS. Sell-side analysts expect that SLM Co. will post 2.75 earnings per share for the current fiscal year.

SLM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 6th. SLM’s payout ratio is currently 13.75%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SLM. JPMorgan Chase & Co. raised their target price on SLM from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Wedbush restated an “outperform” rating and set a $28.00 target price on shares of SLM in a report on Thursday, May 16th. Royal Bank of Canada raised their target price on SLM from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. TD Cowen raised their target price on SLM from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, Wells Fargo & Company lifted their price objective on SLM from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, SLM presently has an average rating of “Moderate Buy” and an average price target of $22.18.

View Our Latest Stock Analysis on SLM

About SLM

(Free Report)

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 is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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