DekaBank Deutsche Girozentrale Sells 717 Shares of SLM Co. (NASDAQ:SLM)

DekaBank Deutsche Girozentrale decreased its holdings in SLM Co. (NASDAQ:SLM) by 0.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 120,015 shares of the credit services provider’s stock after selling 717 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in SLM were worth $2,457,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC increased its holdings in shares of SLM by 1,373.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,326 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 1,236 shares during the period. SYSTM Wealth Solutions LLC boosted its position in SLM by 37.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 1,828 shares of the credit services provider’s stock valued at $40,000 after purchasing an additional 494 shares in the last quarter. Neo Ivy Capital Management purchased a new position in SLM in the fourth quarter valued at about $40,000. International Assets Investment Management LLC bought a new position in SLM in the second quarter worth about $60,000. Finally, Quarry LP raised its holdings in SLM by 78.6% in the fourth quarter. Quarry LP now owns 2,962 shares of the credit services provider’s stock worth $57,000 after purchasing an additional 1,304 shares in the last quarter. Institutional investors own 98.94% of the company’s stock.

Analyst Ratings Changes

SLM has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of SLM from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on SLM from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Wedbush raised their price objective on SLM from $25.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods upped their target price on SLM from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company increased their price target on SLM from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.00.

SLM Trading Up 0.7 %

Shares of NASDAQ:SLM opened at $21.74 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.66. SLM Co. has a 52-week low of $12.26 and a 52-week high of $23.95. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.41 and a beta of 1.15. The business has a 50-day moving average price of $21.56 and a 200-day moving average price of $21.22.

SLM (NASDAQ:SLM) last announced its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.79 by $0.32. The business had revenue of $783.28 million during the quarter, compared to analysts’ expectations of $368.97 million. SLM had a net margin of 24.67% and a return on equity of 41.84%. During the same period in the previous year, the business posted $1.10 EPS. Equities analysts predict that SLM Co. will post 2.83 EPS for the current year.

SLM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.02%. The ex-dividend date was Thursday, September 5th. SLM’s dividend payout ratio is currently 13.75%.

Insiders Place Their Bets

In related news, Director Robert S. Strong sold 4,500 shares of SLM stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $22.70, for a total transaction of $102,150.00. Following the completion of the transaction, the director now directly owns 101,093 shares in the company, valued at $2,294,811.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is 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.