SLM Corporation $SLM Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in SLM Corporation (NASDAQ:SLM) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,786 shares of the credit services provider’s stock after acquiring an additional 564 shares during the period. Intech Investment Management LLC owned 0.06% of SLM worth $3,430,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SLM. J.Safra Asset Management Corp purchased a new position in shares of SLM in the 1st quarter valued at about $25,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in SLM in the first quarter valued at $45,000. Fifth Third Bancorp raised its stake in shares of SLM by 37.7% during the 1st quarter. Fifth Third Bancorp now owns 1,714 shares of the credit services provider’s stock worth $50,000 after buying an additional 469 shares during the last quarter. UMB Bank n.a. boosted its position in shares of SLM by 355.4% in the 1st quarter. UMB Bank n.a. now owns 1,899 shares of the credit services provider’s stock worth $56,000 after buying an additional 1,482 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of SLM in the first quarter valued at about $62,000. 98.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on SLM. Royal Bank Of Canada restated an “outperform” rating on shares of SLM in a research report on Monday, July 14th. Jefferies Financial Group boosted their price target on SLM from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upgraded SLM from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $29.00 to $38.00 in a research report on Friday, July 11th. Morgan Stanley reiterated an “overweight” rating and set a $40.00 price objective (up previously from $33.00) on shares of SLM in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company started coverage on shares of SLM in a research note on Monday, August 25th. They issued an “overweight” rating and a $38.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Insider Activity at SLM

In other SLM news, EVP Kerri A. Palmer sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $32.21, for a total value of $1,771,550.00. Following the completion of the transaction, the executive vice president owned 119,253 shares in the company, valued at $3,841,139.13. This represents a 31.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

SLM Stock Performance

NASDAQ:SLM opened at $28.13 on Friday. The company has a market cap of $5.86 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.83 and a beta of 1.11. The firm’s 50 day moving average is $31.80 and its two-hundred day moving average is $30.85. SLM Corporation has a fifty-two week low of $21.05 and a fifty-two week high of $34.97. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.02.

SLM (NASDAQ:SLM) last issued its earnings results on Thursday, July 24th. The credit services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.17). The firm had revenue of $403.60 million during the quarter, compared to analyst estimates of $370.26 million. SLM had a net margin of 15.46% and a return on equity of 21.93%. SLM’s revenue was down 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. SLM has set its FY 2025 guidance at 3.000-3.100 EPS. Analysts expect that SLM Corporation will post 3.07 EPS for the current year.

SLM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, September 4th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.52 annualized dividend and a yield of 1.8%. SLM’s dividend payout ratio (DPR) is 26.13%.

SLM Company Profile

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.