Rhumbline Advisers lifted its position in shares of SLM Corporation (NASDAQ:SLM) by 16.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 909,428 shares of the credit services provider’s stock after acquiring an additional 131,348 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of SLM worth $10,431,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nationwide Fund Advisors increased its holdings in SLM by 9.0% in the second quarter. Nationwide Fund Advisors now owns 1,442,598 shares of the credit services provider’s stock valued at $16,590,000 after purchasing an additional 119,024 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in SLM in the third quarter valued at about $1,248,000. Crossmark Global Holdings Inc. bought a new stake in SLM in the third quarter valued at about $666,000. Aperio Group LLC increased its holdings in SLM by 10.9% in the second quarter. Aperio Group LLC now owns 180,916 shares of the credit services provider’s stock valued at $2,081,000 after purchasing an additional 17,722 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in SLM by 3.5% in the second quarter. Mutual of America Capital Management LLC now owns 357,472 shares of the credit services provider’s stock valued at $4,111,000 after purchasing an additional 12,017 shares during the last quarter. Institutional investors own 96.76% of the company’s stock.

Shares of SLM Corporation (NASDAQ SLM) opened at $10.60 on Friday. SLM Corporation has a twelve month low of $9.61 and a twelve month high of $13.20. The stock has a market capitalization of $4,578.03, a PE ratio of 15.36 and a beta of 1.32. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35.

SLM (NASDAQ:SLM) last released its earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. SLM had a return on equity of 16.63% and a net margin of 22.95%. The business had revenue of $282.06 million for the quarter, compared to analyst estimates of $282.02 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. SLM’s revenue was up 26.3% on a year-over-year basis. analysts expect that SLM Corporation will post 0.72 EPS for the current fiscal year.

A number of research analysts have issued reports on SLM shares. BidaskClub cut SLM from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 2nd. FBR & Co set a $13.00 target price on SLM and gave the company a “buy” rating in a research note on Thursday, October 19th. Citigroup Inc. started coverage on SLM in a research note on Monday, October 16th. They issued a “buy” rating and a $16.00 target price for the company. Zacks Investment Research raised SLM from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $12.00 target price on shares of SLM in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. SLM has an average rating of “Hold” and a consensus target price of $13.44.

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SLM 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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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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