Nationwide Fund Advisors boosted its position in shares of SLM Corp. (NASDAQ:SLM) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 733,169 shares of the company’s stock after buying an additional 30,527 shares during the period. Nationwide Fund Advisors owned about 0.17% of SLM Corp. worth $4,531,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLM. Aperio Group LLC raised its stake in shares of SLM Corp. by 6.8% in the first quarter. Aperio Group LLC now owns 113,659 shares of the company’s stock worth $723,000 after buying an additional 7,266 shares in the last quarter. Virginia Retirement System bought a new stake in shares of SLM Corp. during the first quarter worth $691,000. TIAA CREF Investment Management LLC raised its stake in shares of SLM Corp. by 2.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,686,312 shares of the company’s stock worth $10,725,000 after buying an additional 46,942 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of SLM Corp. by 446.3% in the first quarter. Teachers Advisors Inc. now owns 1,796,317 shares of the company’s stock worth $11,425,000 after buying an additional 1,467,473 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of SLM Corp. by 73.8% in the first quarter. Prudential Financial Inc. now owns 444,215 shares of the company’s stock worth $2,825,000 after buying an additional 188,600 shares in the last quarter.
SLM Corp. (NASDAQ:SLM) traded up 1.77% during midday trading on Friday, hitting $7.47. 2,499,750 shares of the stock were exchanged. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 13.58 and a beta of 1.08. The company has a 50 day moving average price of $7.36 and a 200 day moving average price of $6.81. SLM Corp. has a one year low of $5.09 and a one year high of $7.64.
SLM Corp. (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. SLM Corp. had a net margin of 24.53% and a return on equity of 16.85%. The firm had revenue of $212.76 million for the quarter, compared to analyst estimates of $216.48 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue was up 26.4% on a year-over-year basis. Equities analysts anticipate that SLM Corp. will post $0.52 EPS for the current year.
A number of analysts have recently weighed in on the stock. TheStreet lowered shares of SLM Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Goldman Sachs Group Inc. raised shares of SLM Corp. from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 11th. Zacks Investment Research raised shares of SLM Corp. from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Monday, July 25th. Compass Point upped their price target on shares of SLM Corp. from $8.50 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Finally, Vetr upgraded shares of SLM Corp. from a “buy” rating to a “strong-buy” rating and set a $8.62 target price on the stock in a report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $9.14.
SLM Corp. Company Profile
SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.
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