UBS Asset Management Americas Inc. grew its position in SLM Corp (NASDAQ:SLM) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 374,226 shares of the credit services provider’s stock after buying an additional 11,206 shares during the period. UBS Asset Management Americas Inc. owned 0.09% of SLM worth $4,229,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. LMR Partners LLP grew its stake in shares of SLM by 36.6% in the 4th quarter. LMR Partners LLP now owns 23,202 shares of the credit services provider’s stock valued at $262,000 after buying an additional 6,222 shares during the period. Aperio Group LLC boosted its position in shares of SLM by 3.9% during the 3rd quarter. Aperio Group LLC now owns 188,045 shares of the credit services provider’s stock worth $2,157,000 after purchasing an additional 7,129 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of SLM by 2.1% during the 4th quarter. Mutual of America Capital Management LLC now owns 358,079 shares of the credit services provider’s stock worth $4,046,000 after purchasing an additional 7,528 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of SLM by 47.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,201 shares of the credit services provider’s stock worth $273,000 after purchasing an additional 7,802 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of SLM during the 3rd quarter worth approximately $115,000. 99.35% of the stock is owned by institutional investors and hedge funds.
In other SLM news, SVP Jeffrey Dale sold 37,807 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $11.21, for a total transaction of $423,816.47. Following the sale, the senior vice president now directly owns 88,808 shares in the company, valued at approximately $995,537.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jonathan Boyles sold 64,585 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $10.95, for a total transaction of $707,205.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 274,939 shares of company stock worth $3,112,679. 0.59% of the stock is owned by company insiders.
Shares of SLM Corp (SLM) opened at $11.38 on Wednesday. The stock has a market cap of $4,930.00, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 0.54 and a beta of 1.32. SLM Corp has a fifty-two week low of $9.65 and a fifty-two week high of $13.20. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.58.
SLM (NASDAQ:SLM) last released its earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. The company had revenue of $309.19 million for the quarter, compared to analyst estimates of $299.64 million. SLM had a net margin of 20.23% and a return on equity of 16.65%. During the same period in the prior year, the business earned $0.15 EPS. equities analysts predict that SLM Corp will post 0.99 earnings per share for the current year.
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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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