Dynamic Technology Lab Private Ltd Invests $524,000 in SLM Corp. (SLM)
Dynamic Technology Lab Private Ltd purchased a new position in shares of SLM Corp. (NASDAQ:SLM) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 84,772 shares of the company’s stock, valued at approximately $524,000.
Several other hedge funds have also recently made changes to their positions in SLM. Bank of New York Mellon Corp raised its stake in SLM Corp. by 11.6% in the second quarter. Bank of New York Mellon Corp now owns 44,688,632 shares of the company’s stock worth $276,176,000 after buying an additional 4,659,355 shares in the last quarter. Norges Bank bought a new stake in SLM Corp. during the fourth quarter worth $18,093,000. Dimensional Fund Advisors LP raised its stake in SLM Corp. by 61.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,733,872 shares of the company’s stock worth $35,434,000 after buying an additional 2,189,157 shares in the last quarter. Royal Bank of Canada raised its stake in SLM Corp. by 2,293.4% in the first quarter. Royal Bank of Canada now owns 2,275,832 shares of the company’s stock worth $14,474,000 after buying an additional 2,180,745 shares in the last quarter. Finally, Boston Partners raised its stake in SLM Corp. by 8.8% in the second quarter. Boston Partners now owns 21,950,337 shares of the company’s stock worth $135,653,000 after buying an additional 1,778,223 shares in the last quarter.
Shares of SLM Corp. (NASDAQ:SLM) traded up 0.880% during midday trading on Monday, reaching $7.455. The company’s stock had a trading volume of 92,534 shares. The company has a 50 day moving average of $7.28 and a 200-day moving average of $6.70. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 13.555 and a beta of 1.08. SLM Corp. has a 52 week low of $5.09 and a 52 week high of $8.29.
SLM Corp. (NASDAQ:SLM) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. SLM Corp. had a net margin of 24.53% and a return on equity of 16.85%. The company earned $212.76 million during the quarter, compared to analysts’ expectations of $216.48 million. During the same quarter last year, the company posted $0.20 EPS. The firm’s revenue was up 26.4% compared to the same quarter last year. Equities research analysts predict that SLM Corp. will post $0.52 earnings per share for the current year.
A number of equities analysts have recently issued reports on SLM shares. TheStreet downgraded SLM Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Compass Point upped their price target on SLM Corp. from $8.50 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. Vetr raised SLM Corp. from a “buy” rating to a “strong-buy” rating and set a $8.62 price target on the stock in a research report on Wednesday, July 20th. Goldman Sachs Group Inc. raised SLM Corp. from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, August 11th. Finally, Zacks Investment Research raised SLM Corp. from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. SLM Corp. has an average rating of “Buy” and an average 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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