Brandywine Global Investment Management LLC Has $46.45 Million Position in SLM Corp (SLM)

Brandywine Global Investment Management LLC boosted its position in shares of SLM Corp (NASDAQ:SLM) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,589,174 shares of the credit services provider’s stock after purchasing an additional 103,852 shares during the quarter. Brandywine Global Investment Management LLC owned 1.28% of SLM worth $46,447,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of SLM by 4.4% in the fourth quarter. BlackRock Inc. now owns 43,240,757 shares of the credit services provider’s stock valued at $359,332,000 after buying an additional 1,823,633 shares during the period. ValueAct Holdings L.P. boosted its holdings in shares of SLM by 4.2% in the third quarter. ValueAct Holdings L.P. now owns 39,184,254 shares of the credit services provider’s stock valued at $436,904,000 after buying an additional 1,578,846 shares during the period. FMR LLC boosted its holdings in shares of SLM by 0.3% in the third quarter. FMR LLC now owns 28,290,715 shares of the credit services provider’s stock valued at $315,442,000 after buying an additional 85,122 shares during the period. Vanguard Group Inc. boosted its holdings in shares of SLM by 1.9% in the third quarter. Vanguard Group Inc. now owns 26,510,575 shares of the credit services provider’s stock valued at $295,592,000 after buying an additional 487,512 shares during the period. Finally, Vanguard Group Inc boosted its holdings in shares of SLM by 1.9% in the third quarter. Vanguard Group Inc now owns 26,510,575 shares of the credit services provider’s stock valued at $295,592,000 after buying an additional 487,512 shares during the period.

Shares of SLM opened at $10.53 on Friday. SLM Corp has a 12 month low of $7.95 and a 12 month high of $12.46. The firm has a market cap of $4.60 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. The company has a quick ratio of 0.21, a current ratio of 1.38 and a debt-to-equity ratio of 1.67.

SLM (NASDAQ:SLM) last announced its earnings results on Wednesday, January 23rd. The credit services provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. SLM had a net margin of 26.07% and a return on equity of 20.05%. The business had revenue of $382.87 million during the quarter, compared to analysts’ expectations of $367.40 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The firm’s revenue was up 23.8% on a year-over-year basis. As a group, equities research analysts predict that SLM Corp will post 1.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.14%. The ex-dividend date was Monday, March 4th. SLM’s payout ratio is 11.21%.

In related news, SVP Jonathan Boyles sold 68,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $11.20, for a total transaction of $761,600.00. Following the completion of the transaction, the senior vice president now owns 67,679 shares in the company, valued at $758,004.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul F. Thome sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $11.10, for a total transaction of $277,500.00. Following the sale, the executive vice president now directly owns 208,049 shares in the company, valued at $2,309,343.90. The disclosure for this sale can be found here. Insiders have sold 93,805 shares of company stock valued at $1,047,625 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

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 report on Monday, November 19th. BidaskClub cut shares of SLM from a “sell” rating to a “strong sell” rating in a report on Thursday, December 13th. ValuEngine cut shares of SLM from a “sell” rating to a “strong sell” rating in a report on Thursday, December 13th. TheStreet upgraded shares of SLM from a “c+” rating to a “b-” rating in a report on Monday, January 28th. Finally, Wedbush reiterated an “outperform” rating on shares of SLM in a report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. SLM presently has an average rating of “Buy” and a consensus price target of $13.18.

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SLM Company Profile

SLM Corp. engages in the origination, servicing, and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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