SLM Corp (NASDAQ:SLM) Position Decreased by Texas Permanent School Fund

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Texas Permanent School Fund decreased its holdings in shares of SLM Corp (NASDAQ:SLM) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290,357 shares of the credit services provider’s stock after selling 3,012 shares during the period. Texas Permanent School Fund owned approximately 0.07% of SLM worth $2,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Boston Partners boosted its holdings in shares of SLM by 3.2% in the second quarter. Boston Partners now owns 20,246,647 shares of the credit services provider’s stock worth $196,647,000 after buying an additional 631,573 shares during the period. Wells Fargo & Company MN lifted its position in shares of SLM by 15.2% in the second quarter. Wells Fargo & Company MN now owns 8,196,087 shares of the credit services provider’s stock worth $79,666,000 after purchasing an additional 1,078,622 shares in the last quarter. Bayview Asset Management LLC lifted its position in shares of SLM by 117.7% in the second quarter. Bayview Asset Management LLC now owns 5,364,807 shares of the credit services provider’s stock worth $52,146,000 after purchasing an additional 2,900,911 shares in the last quarter. Northern Trust Corp lifted its position in shares of SLM by 6.0% in the second quarter. Northern Trust Corp now owns 3,660,402 shares of the credit services provider’s stock worth $35,579,000 after purchasing an additional 205,773 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of SLM by 11.6% in the second quarter. Renaissance Technologies LLC now owns 3,274,700 shares of the credit services provider’s stock worth $31,830,000 after purchasing an additional 340,500 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Shares of SLM opened at $9.06 on Friday. The firm has a market cap of $3.74 billion, a PE ratio of 8.47, a PEG ratio of 0.55 and a beta of 1.42. The firm’s 50 day moving average price is $8.78 and its 200 day moving average price is $9.22. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.32 and a current ratio of 1.32. SLM Corp has a twelve month low of $7.76 and a twelve month high of $11.53.

SLM (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $405.07 million for the quarter, compared to analyst estimates of $397.58 million. SLM had a net margin of 25.04% and a return on equity of 20.63%. During the same quarter last year, the firm earned $0.23 earnings per share. On average, sell-side analysts anticipate that SLM Corp will post 1.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.32%. SLM’s payout ratio is presently 11.21%.

A number of analysts have recently issued reports on the stock. Oppenheimer set a $12.00 price target on shares of SLM and gave the stock a “buy” rating in a research report on Friday, July 26th. Compass Point lowered shares of SLM from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. ValuEngine raised shares of SLM from a “strong sell” rating to a “sell” rating in a research report on Friday, September 20th. BMO Capital Markets cut their price objective on shares of SLM from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, TheStreet lowered shares of SLM from a “b-” rating to a “c+” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. SLM presently has an average rating of “Buy” and an average price target of $12.50.

About SLM

SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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