SLM Corporation $SLM is Arnhold LLC's 5th Largest Position

Key Points

• Arnhold LLC reduced its stake in SLM Corporation by 5.7%, selling 61,717 shares and now holds 1,021,084 shares, representing 3.0% of its portfolio.
• In recent analyst reports, SLM's stock has garnered positive ratings from multiple institutions, with target prices raised to between $38.00 and $43.00.
• The company announced a quarterly dividend of $0.13, providing a yield of 1.7%, with payment scheduled for September 15th.

Arnhold LLC reduced its holdings in SLM Corporation (NASDAQ:SLM - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,021,084 shares of the credit services provider's stock after selling 61,717 shares during the period. SLM makes up 3.0% of Arnhold LLC's holdings, making the stock its 5th biggest position. Arnhold LLC owned 0.49% of SLM worth $29,989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. J.Safra Asset Management Corp purchased a new position in shares of SLM in the first quarter worth about $25,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of SLM in the first quarter worth about $45,000. Fifth Third Bancorp lifted its stake in shares of SLM by 37.7% in the first quarter. Fifth Third Bancorp now owns 1,714 shares of the credit services provider's stock worth $50,000 after buying an additional 469 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of SLM by 355.4% in the first quarter. UMB Bank n.a. now owns 1,899 shares of the credit services provider's stock worth $56,000 after buying an additional 1,482 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in SLM during the first quarter worth about $62,000. 98.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SLM

In related news, EVP Kerri A. Palmer sold 55,000 shares of SLM stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $32.21, for a total value of $1,771,550.00. Following the completion of the transaction, the executive vice president owned 119,253 shares in the company, valued at $3,841,139.13. The trade was a 31.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

SLM Stock Down 0.1%

Shares of NASDAQ SLM traded down $0.05 during midday trading on Wednesday, hitting $31.81. The company's stock had a trading volume of 519,580 shares, compared to its average volume of 2,532,970. The business's fifty day simple moving average is $32.36 and its two-hundred day simple moving average is $30.87. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.35 and a quick ratio of 1.35. SLM Corporation has a 1 year low of $19.64 and a 1 year high of $34.97. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 0.89 and a beta of 1.13.

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

SLM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, September 4th will be paid a $0.13 dividend. The ex-dividend date is Thursday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 1.6%. SLM's payout ratio is currently 26.13%.

Analysts Set New Price Targets

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

SLM Company Profile

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.