State of Alaska Department of Revenue cut its holdings in SLM Co. (NASDAQ:SLM) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,021 shares of the credit services provider’s stock after selling 2,680 shares during the quarter. State of Alaska Department of Revenue’s holdings in SLM were worth $517,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SLM. First Trust Advisors LP grew its position in shares of SLM by 3.2% in the first quarter. First Trust Advisors LP now owns 496,117 shares of the credit services provider’s stock valued at $4,917,000 after purchasing an additional 15,153 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of SLM by 49.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 169,597 shares of the credit services provider’s stock valued at $1,680,000 after purchasing an additional 55,858 shares during the last quarter. Legal & General Group Plc boosted its position in SLM by 3.7% during the first quarter. Legal & General Group Plc now owns 707,208 shares of the credit services provider’s stock worth $5,085,000 after acquiring an additional 25,422 shares during the last quarter. Geode Capital Management LLC boosted its position in SLM by 4.5% during the first quarter. Geode Capital Management LLC now owns 5,365,902 shares of the credit services provider’s stock worth $38,580,000 after acquiring an additional 228,915 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in SLM by 96.0% during the first quarter. Thrivent Financial for Lutherans now owns 216,220 shares of the credit services provider’s stock worth $1,555,000 after acquiring an additional 105,910 shares during the last quarter.

NASDAQ:SLM opened at $9.41 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.75. The company has a market cap of $3.53 billion, a P/E ratio of 7.53 and a beta of 1.41. SLM Co. has a fifty-two week low of $5.60 and a fifty-two week high of $12.32. The firm’s 50 day moving average is $8.04 and its two-hundred day moving average is $7.47.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, July 22nd. The credit services provider reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.28). The company had revenue of $348.78 million for the quarter, compared to analysts’ expectations of $351.93 million. SLM had a return on equity of 23.16% and a net margin of 21.15%. Research analysts forecast that SLM Co. will post 1.11 earnings per share for the current fiscal year.

A number of analysts recently issued reports on SLM shares. Zacks Investment Research lowered shares of SLM from a “hold” rating to a “strong sell” rating and set a $7.00 target price on the stock. in a research report on Wednesday, October 7th. BidaskClub upgraded shares of SLM from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. raised their target price on shares of SLM from $7.50 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, October 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $10.67.

SLM Profile

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. 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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