Northwestern Mutual Investment Management Company LLC raised its position in shares of SLM Corp. (NASDAQ:SLM) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,879 shares of the company’s stock after buying an additional 328 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in SLM Corp. were worth $457,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of SLM. Genesee Valley Trust Co. boosted its stake in shares of SLM Corp. by 2.5% in the second quarter. Genesee Valley Trust Co. now owns 16,945 shares of the company’s stock valued at $105,000 after buying an additional 408 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of SLM Corp. during the second quarter valued at $117,000. Princeton Alpha Management LP purchased a new stake in shares of SLM Corp. during the second quarter valued at $131,000. LMR Partners LLP purchased a new stake in shares of SLM Corp. during the second quarter valued at $136,000. Finally, LS Investment Advisors LLC boosted its stake in shares of SLM Corp. by 75.2% in the second quarter. LS Investment Advisors LLC now owns 25,562 shares of the company’s stock valued at $158,000 after buying an additional 10,970 shares in the last quarter.

SLM Corp. (NASDAQ:SLM) opened at 7.30 on Tuesday. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.27 and a beta of 1.08. The stock has a 50 day moving average price of $7.30 and a 200-day moving average price of $6.74. SLM Corp. has a one year low of $5.09 and a one year high of $8.26.

SLM Corp. (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. SLM Corp. had a return on equity of 16.85% and a net margin of 24.53%. The business earned $212.76 million during the quarter, compared to analyst estimates of $216.48 million. During the same period last year, the business posted $0.20 earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. On average, analysts predict that SLM Corp. will post $0.52 earnings per share for the current fiscal year.

Several research firms have recently commented on SLM. Citigroup Inc. began coverage on SLM Corp. in a research report on Thursday, July 14th. They issued a “buy” rating and a $8.50 price target for the company. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $9.00 price target on shares of SLM Corp. in a research report on Wednesday, August 10th. Vetr raised SLM Corp. from a “buy” rating to a “strong-buy” rating and set a $8.62 price target for the company in a research report on Wednesday, July 20th. TheStreet raised SLM Corp. from a “hold” rating to a “buy” rating in a research report on Monday, August 1st. Finally, Zacks Investment Research raised SLM Corp. from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $9.14.

SLM Corp. 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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