Advantage Alpha Capital Partners LP Has $5.40 Million Holdings in SLM Corporation $SLM

Key Points

• Advantage Alpha Capital Partners LP has reduced its stake in SLM Corporation by 27.0%, selling 68,082 shares in the first quarter, leaving it with 183,867 shares.
• SLM Corporation reported $0.32 EPS for the last quarter, missing estimates, with revenue at $403.60 million, down 21.4% year-over-year.
• The company has declared a quarterly dividend of $0.13 per share, with an annualized yield of 1.7% and a dividend payout ratio of 26.13%.

Advantage Alpha Capital Partners LP cut its holdings in shares of SLM Corporation (NASDAQ:SLM - Free Report) by 27.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,867 shares of the credit services provider's stock after selling 68,082 shares during the period. SLM makes up about 1.3% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 21st largest holding. Advantage Alpha Capital Partners LP owned about 0.09% of SLM worth $5,400,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp acquired a new position in shares of SLM during the 1st quarter valued at $25,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of SLM during the 1st quarter valued at $45,000. Fifth Third Bancorp increased its position in shares of SLM by 37.7% during the 1st quarter. Fifth Third Bancorp now owns 1,714 shares of the credit services provider's stock valued at $50,000 after purchasing an additional 469 shares during the period. UMB Bank n.a. increased its position in shares of SLM by 355.4% during the 1st quarter. UMB Bank n.a. now owns 1,899 shares of the credit services provider's stock valued at $56,000 after purchasing an additional 1,482 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of SLM during the 1st quarter valued at $62,000. 98.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SLM

In related news, EVP Kerri A. Palmer sold 55,000 shares of SLM stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $32.21, for a total transaction of $1,771,550.00. Following the completion of the transaction, the executive vice president owned 119,253 shares in the company, valued at approximately $3,841,139.13. This trade represents a 31.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on SLM. Barclays raised their price objective on SLM from $38.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Jefferies Financial Group raised their price objective on SLM from $33.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. raised SLM from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $29.00 to $38.00 in a research report on Friday, July 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $40.00 target price (up previously from $33.00) on shares of SLM in a research report on Wednesday, May 21st. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of SLM in a research note on Monday, July 14th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

SLM Price Performance

Shares of SLM stock traded up $0.34 during trading hours on Tuesday, hitting $31.85. The company had a trading volume of 1,959,632 shares, compared to its average volume of 2,545,573. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.89 and a beta of 1.13. SLM Corporation has a 12 month low of $19.64 and a 12 month high of $34.97. The firm's fifty day moving average is $32.35 and its 200 day moving average is $30.86. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.35 and a current ratio of 1.35.

SLM (NASDAQ:SLM - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The credit services provider reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.17). The firm had revenue of $403.60 million during the quarter, compared to the consensus estimate of $370.26 million. SLM had a net margin of 15.46% and a return on equity of 21.93%. The firm's quarterly revenue was down 21.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 earnings per share. SLM has set its FY 2025 guidance at 3.000-3.100 EPS. On average, sell-side analysts predict that SLM Corporation will post 3.07 EPS for the current fiscal year.

SLM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, September 4th will be issued a $0.13 dividend. The ex-dividend date is Thursday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 1.6%. SLM's dividend payout ratio (DPR) is presently 26.13%.

About SLM

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.