Zurcher Kantonalbank Zurich Cantonalbank lifted its position in SLM Corp (NASDAQ:SLM) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,021 shares of the credit services provider’s stock after buying an additional 2,218 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SLM were worth $249,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC boosted its position in SLM by 22.1% during the fourth quarter. Virtu Financial LLC now owns 12,450 shares of the credit services provider’s stock worth $103,000 after purchasing an additional 2,257 shares during the period. BB&T Corp boosted its position in SLM by 25.3% during the fourth quarter. BB&T Corp now owns 14,177 shares of the credit services provider’s stock worth $118,000 after purchasing an additional 2,863 shares during the period. Jane Street Group LLC bought a new position in SLM during the third quarter worth $146,000. FDx Advisors Inc. bought a new position in SLM during the third quarter worth $166,000. Finally, HRT Financial LLC bought a new position in SLM during the third quarter worth $167,000.
Shares of SLM traded up $0.05 during midday trading on Monday, reaching $10.76. 32,018 shares of the stock were exchanged, compared to its average volume of 4,334,781. SLM Corp has a twelve month low of $7.95 and a twelve month high of $12.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.41 and a current ratio of 0.21. The company has a market capitalization of $4.67 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.44 and a beta of 1.50.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Monday, March 4th.
A number of equities analysts have commented on SLM shares. Barclays reaffirmed a “buy” rating and set a $13.00 price objective on shares of SLM in a research report on Friday, December 14th. Wells Fargo & Co reduced their price objective on shares of SLM from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, December 12th. BMO Capital Markets raised shares of SLM from a “market perform” rating to an “outperform” rating in a research report on Friday, January 25th. Oppenheimer set a $13.00 price objective on shares of SLM and gave the stock a “buy” rating in a research report on Sunday, November 11th. Finally, ValuEngine raised shares of SLM from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $13.18.
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SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.
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