Philadelphia Financial Management of San Francisco LLC lifted its position in shares of SLM Corp (NASDAQ:SLM) by 50.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,922,209 shares of the credit services provider’s stock after acquiring an additional 642,407 shares during the period. SLM makes up approximately 3.2% of Philadelphia Financial Management of San Francisco LLC’s portfolio, making the stock its 11th largest position. Philadelphia Financial Management of San Francisco LLC owned approximately 0.45% of SLM worth $21,721,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new stake in SLM in the third quarter worth approximately $115,000. Cerebellum GP LLC purchased a new position in shares of SLM during the 4th quarter worth $127,000. Virtu Financial LLC purchased a new position in shares of SLM during the 4th quarter worth $135,000. Paloma Partners Management Co purchased a new position in shares of SLM during the 4th quarter worth $165,000. Finally, Centaurus Financial Inc. purchased a new position in shares of SLM during the 4th quarter worth $174,000. Institutional investors own 99.35% of the company’s stock.
Shares of SLM Corp (SLM) traded down $0.04 during mid-day trading on Wednesday, hitting $11.34. 134,066 shares of the stock traded hands, compared to its average volume of 4,404,580. The company has a market cap of $4,916.45, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 0.54 and a beta of 1.33. SLM Corp has a 12-month low of $9.65 and a 12-month 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.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of SLM from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America dropped their price target on shares of SLM from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. BidaskClub upgraded shares of SLM from a “strong sell” rating to a “sell” rating in a research note on Friday, January 26th. Oppenheimer set a $17.00 price target on shares of SLM and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, B. Riley reiterated a “buy” rating and set a $13.00 price target (down previously from $14.00) on shares of SLM in a research note on Thursday, January 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $14.18.
In other SLM news, EVP Laurent Charles Lutz sold 10,000 shares of SLM stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $11.80, for a total value of $118,000.00. Following the sale, the executive vice president now directly owns 410,806 shares in the company, valued at approximately $4,847,510.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven Mcgarry sold 13,836 shares of SLM stock in a transaction on Friday, January 26th. The shares were sold at an average price of $11.62, for a total transaction of $160,774.32. Following the completion of the sale, the chief financial officer now owns 366,433 shares in the company, valued at $4,257,951.46. The disclosure for this sale can be found here. Insiders have sold a total of 274,939 shares of company stock worth $3,112,679 over the last 90 days. Insiders own 0.59% of the company’s stock.
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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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