Louisiana State Employees Retirement System lowered its position in SLM Corporation (NASDAQ:SLM) by 2.7% during the third quarter, Holdings Channel reports. The institutional investor owned 110,700 shares of the company’s stock after selling 3,100 shares during the period. Louisiana State Employees Retirement System’s holdings in SLM Corporation were worth $827,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Genesee Valley Trust Co. raised its stake in SLM Corporation by 2.5% in the second quarter. Genesee Valley Trust Co. now owns 16,945 shares of the company’s stock worth $105,000 after buying an additional 408 shares during the last quarter. Jane Street Group LLC acquired a new stake in SLM Corporation during the second quarter worth about $117,000. LMR Partners LLP acquired a new stake in SLM Corporation during the second quarter worth about $136,000. LS Investment Advisors LLC raised its stake in SLM Corporation by 75.2% in the second quarter. LS Investment Advisors LLC now owns 25,562 shares of the company’s stock worth $158,000 after buying an additional 10,970 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in SLM Corporation during the second quarter worth about $175,000. Institutional investors own 98.75% of the company’s stock.

Institutional Ownership by Quarter for SLM Corporation (NASDAQ:SLM)

Shares of SLM Corporation (NASDAQ:SLM) traded up 1.61% during midday trading on Friday, hitting $11.36. 4,075,499 shares of the company were exchanged. The company has a 50-day moving average price of $10.68 and a 200-day moving average price of $8.05. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 19.59 and a beta of 1.29. SLM Corporation has a 52-week low of $5.09 and a 52-week high of $11.65.

SLM Corporation (NASDAQ:SLM) last posted its earnings results on Wednesday, October 19th. The company reported $0.12 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. The business earned $223 million during the quarter, compared to the consensus estimate of $931.19 million. SLM Corporation had a return on equity of 16.80% and a net margin of 23.86%. SLM Corporation’s revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. On average, analysts forecast that SLM Corporation will post $0.52 EPS for the current year.

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SLM has been the subject of a number of research reports. Zacks Investment Research raised shares of SLM Corporation from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, November 29th. Barclays PLC reaffirmed a “buy” rating and set a $12.00 target price on shares of SLM Corporation in a report on Monday, November 21st. Jefferies Group initiated coverage on shares of SLM Corporation in a report on Wednesday, December 7th. They set a “buy” rating and a $12.50 target price for the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of SLM Corporation in a report on Wednesday, December 7th. Finally, FBR & Co initiated coverage on shares of SLM Corporation in a report on Friday, December 2nd. They set an “outperform” rating and a $13.00 target price for the company. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $10.51.

In related news, Director Marianne M. Keler bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The stock was acquired at an average price of $7.12 per share, for a total transaction of $71,200.00. Following the transaction, the director now directly owns 59,901 shares of the company’s stock, valued at $426,495.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

SLM Corporation 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.

5 Day Chart for NASDAQ:SLM

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