Vanguard Personalized Indexing Management LLC Purchases 1,227 Shares of SLM Co. (NASDAQ:SLM)

Vanguard Personalized Indexing Management LLC boosted its position in shares of SLM Co. (NASDAQ:SLM) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,292 shares of the credit services provider’s stock after purchasing an additional 1,227 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in SLM were worth $401,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. SYSTM Wealth Solutions LLC increased its holdings in SLM by 37.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 1,828 shares of the credit services provider’s stock worth $40,000 after purchasing an additional 494 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in SLM by 3.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,959 shares of the credit services provider’s stock worth $478,000 after purchasing an additional 664 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in SLM by 3.0% during the 4th quarter. Neuberger Berman Group LLC now owns 26,541 shares of the credit services provider’s stock worth $507,000 after purchasing an additional 772 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in SLM by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 99,739 shares of the credit services provider’s stock worth $1,907,000 after purchasing an additional 970 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in SLM by 9.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,017 shares of the credit services provider’s stock worth $240,000 after purchasing an additional 990 shares in the last quarter. Institutional investors own 98.94% of the company’s stock.

Wall Street Analyst Weigh In

SLM has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their target price on SLM from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Wedbush reduced their price objective on shares of SLM from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Tuesday. Wells Fargo & Company increased their price objective on shares of SLM from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. TD Cowen increased their price objective on shares of SLM from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of SLM from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, SLM currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

SLM Stock Up 1.4 %

Shares of SLM opened at $22.56 on Friday. SLM Co. has a 12 month low of $12.26 and a 12 month high of $23.95. The firm’s 50 day moving average is $21.47 and its 200-day moving average is $21.28. The stock has a market capitalization of $4.91 billion, a PE ratio of 7.05, a P/E/G ratio of 0.42 and a beta of 1.15. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.66.

SLM (NASDAQ:SLM) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.79 by $0.32. SLM had a net margin of 24.67% and a return on equity of 41.84%. The company had revenue of $783.28 million for the quarter, compared to analysts’ expectations of $368.97 million. During the same period last year, the firm earned $1.10 earnings per share. Equities research analysts forecast that SLM Co. will post 2.83 EPS for the current year.

SLM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were paid a $0.11 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.44 dividend on an annualized basis and a yield of 1.95%. SLM’s dividend payout ratio (DPR) is 13.75%.

Insider Activity at SLM

In related news, Director Robert S. Strong sold 4,500 shares of SLM stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $22.70, for a total value of $102,150.00. Following the transaction, the director now directly owns 101,093 shares of the company’s stock, valued at $2,294,811.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

About SLM

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.