Vanguard Personalized Indexing Management LLC Has $401,000 Stock Position in SLM Co. (NASDAQ:SLM)

Vanguard Personalized Indexing Management LLC raised its stake in SLM Co. (NASDAQ:SLM) by 6.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,292 shares of the credit services provider’s stock after buying an additional 1,227 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in SLM were worth $401,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its position in SLM by 1,373.3% in the first quarter. Hexagon Capital Partners LLC now owns 1,326 shares of the credit services provider’s stock valued at $29,000 after buying an additional 1,236 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of SLM during the fourth quarter worth $40,000. SYSTM Wealth Solutions LLC lifted its holdings in shares of SLM by 37.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 1,828 shares of the credit services provider’s stock worth $40,000 after purchasing an additional 494 shares during the period. Quarry LP lifted its holdings in shares of SLM by 78.6% during the fourth quarter. Quarry LP now owns 2,962 shares of the credit services provider’s stock worth $57,000 after purchasing an additional 1,304 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of SLM during the second quarter worth $60,000. Institutional investors and hedge funds own 98.94% of the company’s stock.

SLM Trading Up 1.4 %

SLM opened at $22.56 on Friday. SLM Co. has a 1-year low of $12.26 and a 1-year high of $23.95. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.66. The company has a market cap of $4.91 billion, a P/E ratio of 7.05, a price-to-earnings-growth ratio of 0.42 and a beta of 1.15. The company has a fifty day moving average price of $21.47 and a two-hundred day moving average price of $21.28.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.32. SLM had a net margin of 24.67% and a return on equity of 41.84%. The firm had revenue of $783.28 million during the quarter, compared to the consensus estimate of $368.97 million. During the same period in the previous year, the firm posted $1.10 earnings per share. Analysts predict that SLM Co. will post 2.83 EPS for the current fiscal year.

SLM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.95%. The ex-dividend date was Thursday, September 5th. SLM’s dividend payout ratio (DPR) is currently 13.75%.

Analysts Set New Price Targets

SLM has been the topic of a number of recent research reports. TD Cowen lifted their price target on shares of SLM from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Keefe, Bruyette & Woods lifted their price target on shares of SLM from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Bank of America initiated coverage on shares of SLM in a report on Wednesday. They set a “buy” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of SLM from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their target price on shares of SLM from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Insider Buying and Selling at SLM

In other SLM news, Director Robert S. Strong sold 4,500 shares of SLM stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $22.70, for a total value of $102,150.00. Following the completion of the sale, the director now directly owns 101,093 shares of the company’s stock, valued at $2,294,811.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

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 is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.