SLM Corp. (SLM) Shares Bought by Quantitative Systematic Strategies LLC
Quantitative Systematic Strategies LLC boosted its stake in SLM Corp. (NASDAQ:SLM) by 340.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 136,706 shares of the company’s stock after buying an additional 105,695 shares during the period. Quantitative Systematic Strategies LLC’s holdings in SLM Corp. were worth $828,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the company. Aperio Group LLC boosted its position in shares of SLM Corp. by 6.8% in the first quarter. Aperio Group LLC now owns 113,659 shares of the company’s stock valued at $723,000 after buying an additional 7,266 shares in the last quarter. Virginia Retirement System purchased a new position in shares of SLM Corp. during the first quarter valued at about $691,000. TIAA CREF Investment Management LLC boosted its position in shares of SLM Corp. by 2.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,686,312 shares of the company’s stock valued at $10,725,000 after buying an additional 46,942 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of SLM Corp. by 446.3% in the first quarter. Teachers Advisors Inc. now owns 1,796,317 shares of the company’s stock valued at $11,425,000 after buying an additional 1,467,473 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of SLM Corp. by 73.8% in the first quarter. Prudential Financial Inc. now owns 444,215 shares of the company’s stock valued at $2,825,000 after buying an additional 188,600 shares in the last quarter.
Shares of SLM Corp. (NASDAQ:SLM) traded down 1.563% during midday trading on Tuesday, hitting $7.245. The stock had a trading volume of 3,490,264 shares. The company’s 50-day moving average price is $7.38 and its 200-day moving average price is $6.86. SLM Corp. has a 12-month low of $5.09 and a 12-month high of $7.64. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 13.173 and a beta of 1.06.
SLM Corp. (NASDAQ:SLM) last released its earnings results on Wednesday, July 20th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm earned $212.76 million during the quarter, compared to the consensus estimate of $216.48 million. SLM Corp. had a return on equity of 16.85% and a net margin of 24.53%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share. Equities research analysts forecast that SLM Corp. will post $0.52 EPS for the current year.
Several equities analysts recently issued reports on SLM shares. Vetr raised SLM Corp. from a “buy” rating to a “strong-buy” rating in a report on Friday, June 17th. Citigroup Inc. began coverage on SLM Corp. in a research report on Thursday, July 14th. They set a “buy” rating and a $8.50 price target for the company. Compass Point raised their price target on SLM Corp. from $8.50 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. 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. Finally, TheStreet raised SLM Corp. from a “hold” rating to a “buy” rating in a research report on Monday, August 1st. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $8.87.
About SLM Corp.
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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