SLM Corp (SLM) Shares Sold by Strycker View Capital LLC
Strycker View Capital LLC reduced its position in SLM Corp (NASDAQ:SLM) by 19.1% in the 4th quarter, Holdings Channel reports. The firm owned 550,000 shares of the credit services provider’s stock after selling 130,000 shares during the quarter. SLM accounts for about 4.0% of Strycker View Capital LLC’s portfolio, making the stock its 12th largest position. Strycker View Capital LLC’s holdings in SLM were worth $6,215,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Swiss National Bank grew its holdings in shares of SLM by 2.8% during the 4th quarter. Swiss National Bank now owns 734,992 shares of the credit services provider’s stock worth $8,305,000 after purchasing an additional 20,200 shares during the period. Teacher Retirement System of Texas boosted its holdings in SLM by 313.4% during the 4th quarter. Teacher Retirement System of Texas now owns 147,005 shares of the credit services provider’s stock valued at $1,661,000 after acquiring an additional 111,443 shares during the period. Gator Capital Management LLC acquired a new stake in SLM in the 4th quarter valued at about $1,622,000. CI Investments Inc. acquired a new stake in SLM in the 4th quarter valued at about $452,000. Finally, Rockefeller Financial Services Inc. raised its position in SLM by 87.5% in the 4th quarter. Rockefeller Financial Services Inc. now owns 1,689,844 shares of the credit services provider’s stock valued at $19,095,000 after purchasing an additional 788,356 shares in the last quarter. 99.60% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on SLM shares. Citigroup began coverage on SLM in a research report on Monday, January 8th. They set an “outperform” rating and a $17.00 target price on the stock. Zacks Investment Research downgraded SLM from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. BidaskClub upgraded SLM from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $16.00 price target on shares of SLM in a research note on Friday, December 22nd. Finally, Jefferies Group restated a “buy” rating and issued a $16.00 price target on shares of SLM in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $14.18.
Shares of SLM Corp (SLM) opened at $10.67 on Friday. SLM Corp has a 1 year low of $9.65 and a 1 year high of $13.20. The firm has a market capitalization of $4,608.27, a P/E ratio of 17.21, a PEG ratio of 0.51 and a beta of 1.34. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 1.58.
SLM (NASDAQ:SLM) last issued its quarterly earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $309.19 million during the quarter, compared to analyst estimates of $299.64 million. SLM had a return on equity of 16.65% and a net margin of 20.23%. During the same period last year, the company posted $0.15 EPS. research analysts predict that SLM Corp will post 0.99 earnings per share for the current fiscal year.
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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