Genesee Valley Trust Co. raised its position in shares of SLM Corp (NASDAQ:SLM) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,945 shares of the company’s stock after buying an additional 408 shares during the period. Genesee Valley Trust Co.’s holdings in SLM Corp were worth $105,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Aperio Group LLC increased its position in 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 purchased a new position in SLM Corp during the first quarter worth approximately $691,000. Parametrica Management Ltd increased its position in SLM Corp by 87.6% in the first quarter. Parametrica Management Ltd now owns 40,541 shares of the company’s stock worth $258,000 after buying an additional 18,928 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in 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. Finally, Teachers Advisors Inc. increased its position in 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.
SLM Corp (NASDAQ:SLM) traded up 2.20% during midday trading on Tuesday, hitting $7.44. The stock had a trading volume of 1,559,710 shares. SLM Corp has a 1-year low of $5.09 and a 1-year high of $7.70. The firm has a 50-day moving average price of $7.34 and a 200-day moving average price of $6.79. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 13.53 and a beta of 1.08.
SLM Corp (NASDAQ:SLM) last posted its earnings results on Wednesday, July 20th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $212.76 million for the quarter, compared to analyst estimates of $216.48 million. SLM Corp had a return on equity of 16.85% and a net margin of 24.53%. The firm’s revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. On average, equities research analysts anticipate that SLM Corp will post $0.52 earnings per share for the current year.
A number of equities analysts recently commented on SLM shares. Vetr upgraded SLM Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 17th. Citigroup Inc. started coverage on SLM Corp in a report on Thursday, July 14th. They issued a “buy” rating and a $8.50 price objective on the stock. Compass Point increased their price objective on SLM Corp from $8.50 to $9.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Zacks Investment Research upgraded SLM Corp from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Monday, July 25th. Finally, TheStreet upgraded SLM Corp from a “hold” rating to a “buy” rating in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price 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.
Want to see what other hedge funds are holding SLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SLM Corp (NASDAQ:SLM).
Receive News & Ratings for SLM Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM Corp and related companies with MarketBeat.com's FREE daily email newsletter.