First Trust Advisors LP Buys 181,579 Shares of SLM Corp (SLM)

First Trust Advisors LP lifted its stake in shares of SLM Corp (NASDAQ:SLM) by 131.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 319,399 shares of the credit services provider’s stock after acquiring an additional 181,579 shares during the quarter. First Trust Advisors LP’s holdings in SLM were worth $3,609,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. LMR Partners LLP grew its stake in shares of SLM by 36.6% during the 4th quarter. LMR Partners LLP now owns 23,202 shares of the credit services provider’s stock valued at $262,000 after acquiring an additional 6,222 shares during the period. Aperio Group LLC grew its stake in shares of SLM by 3.9% during the 3rd quarter. Aperio Group LLC now owns 188,045 shares of the credit services provider’s stock valued at $2,157,000 after acquiring an additional 7,129 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of SLM by 2.1% during the 4th quarter. Mutual of America Capital Management LLC now owns 358,079 shares of the credit services provider’s stock valued at $4,046,000 after acquiring an additional 7,528 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of SLM by 47.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,201 shares of the credit services provider’s stock valued at $273,000 after acquiring an additional 7,802 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of SLM during the 3rd quarter valued at approximately $115,000. Institutional investors own 98.89% of the company’s stock.

A number of research analysts recently issued reports on SLM shares. 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 reiterated a “buy” rating and set a $16.00 price objective on shares of SLM in a research note on Friday, December 22nd. BMO Capital Markets reiterated a “hold” rating and set a $15.00 price objective on shares of SLM in a research note on Thursday, January 4th. Finally, Oppenheimer started coverage on SLM in a research note on Monday, January 8th. They issued an “outperform” rating and a $17.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. SLM has an average rating of “Buy” and an average price target of $14.18.

In other news, CFO Steven Mcgarry sold 13,836 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $11.62, for a total transaction of $160,774.32. Following the sale, the chief financial officer now directly owns 366,433 shares of the company’s stock, valued at approximately $4,257,951.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey Dale sold 37,807 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $11.21, for a total value of $423,816.47. Following the sale, the senior vice president now directly owns 88,808 shares in the company, valued at $995,537.68. The disclosure for this sale can be found here. Insiders sold a total of 274,939 shares of company stock valued at $3,112,679 over the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

SLM Corp (NASDAQ:SLM) opened at $11.27 on Monday. SLM Corp has a 52 week low of $9.65 and a 52 week high of $13.20. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $4,886.10, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 0.54 and a beta of 1.33.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. SLM had a return on equity of 16.65% and a net margin of 20.23%. The business had revenue of $309.19 million during the quarter, compared to the consensus estimate of $299.64 million. During the same period in the prior year, the company posted $0.15 EPS. equities analysts anticipate that SLM Corp will post 0.99 earnings per share for the current fiscal year.

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About SLM

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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