SG Americas Securities LLC Sells 166,606 Shares of SLM Corp (NASDAQ:SLM)

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SG Americas Securities LLC lowered its position in SLM Corp (NASDAQ:SLM) by 75.3% in the 4th quarter, Holdings Channel reports. The fund owned 54,602 shares of the credit services provider’s stock after selling 166,606 shares during the quarter. SG Americas Securities LLC’s holdings in SLM were worth $487,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SLM. First Trust Advisors LP raised its position in shares of SLM by 3.2% in the 1st quarter. First Trust Advisors LP now owns 496,117 shares of the credit services provider’s stock worth $4,917,000 after acquiring an additional 15,153 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of SLM by 49.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 169,597 shares of the credit services provider’s stock worth $1,680,000 after acquiring an additional 55,858 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of SLM in the 2nd quarter worth approximately $224,000. State of Alaska Department of Revenue raised its position in shares of SLM by 60.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 75,860 shares of the credit services provider’s stock worth $669,000 after acquiring an additional 28,702 shares in the last quarter. Finally, Brinker Capital Inc. raised its position in shares of SLM by 10.7% in the 3rd quarter. Brinker Capital Inc. now owns 19,511 shares of the credit services provider’s stock worth $172,000 after acquiring an additional 1,881 shares in the last quarter. 98.09% of the stock is owned by hedge funds and other institutional investors.

Shares of SLM stock traded up $0.08 during midday trading on Friday, hitting $12.00. The company had a trading volume of 45,319 shares, compared to its average volume of 4,961,396. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.30. The stock has a market capitalization of $5.03 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.56 and a beta of 1.36. The company has a 50 day moving average of $9.89 and a 200 day moving average of $9.01. SLM Corp has a 52-week low of $7.76 and a 52-week high of $12.09.

SLM (NASDAQ:SLM) last issued its earnings results on Wednesday, January 22nd. The credit services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. SLM had a return on equity of 20.27% and a net margin of 24.30%. The business had revenue of $419.10 million for the quarter, compared to the consensus estimate of $411.71 million. During the same period last year, the business posted $0.31 EPS. Equities research analysts forecast that SLM Corp will post 1.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.00%. SLM’s dividend payout ratio is 9.45%.

In other SLM news, Director Earl A. Goode sold 7,323 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $11.24, for a total transaction of $82,310.52. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.45% of the company’s stock.

Several analysts recently weighed in on the company. Wedbush restated an “outperform” rating and issued a $13.00 price target on shares of SLM in a research note on Thursday, January 23rd. ValuEngine downgraded SLM from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. BidaskClub upgraded SLM from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Credit Suisse Group restated a “buy” rating and issued a $14.50 price target on shares of SLM in a research note on Thursday. Finally, TheStreet upgraded SLM from a “c+” rating to a “b-” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. SLM has an average rating of “Hold” and a consensus price target of $13.90.

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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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).

Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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