Caxton Associates LLP Takes $2.37 Million Position in SLM Corporation $SLM

Key Points

• Caxton Associates LLP acquired a new stake in SLM Corporation, purchasing 80,620 shares valued at approximately $2.37 million.
• SLM Corporation reported a quarterly EPS of $0.32, missing estimates and showing a 21.4% decline in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.13 per share, with a dividend yield of 1.7%, set to be paid on September 15th.

Caxton Associates LLP purchased a new stake in SLM Corporation (NASDAQ:SLM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 80,620 shares of the credit services provider's stock, valued at approximately $2,368,000.

A number of other institutional investors also recently modified their holdings of SLM. Brave Warrior Advisors LLC bought a new position in shares of SLM in the first quarter valued at approximately $277,704,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in SLM during the fourth quarter worth $140,442,000. Millennium Management LLC increased its position in SLM by 378.4% during the first quarter. Millennium Management LLC now owns 2,633,072 shares of the credit services provider's stock worth $77,333,000 after acquiring an additional 2,082,687 shares during the period. M.D. Sass LLC bought a new position in SLM during the first quarter worth $37,317,000. Finally, Wellington Management Group LLP increased its position in SLM by 470.6% during the fourth quarter. Wellington Management Group LLP now owns 1,126,756 shares of the credit services provider's stock worth $31,076,000 after acquiring an additional 929,292 shares during the period. Institutional investors own 98.94% of the company's stock.

Insider Activity at SLM

In other news, EVP Kerri A. Palmer sold 55,000 shares of the business's stock in a transaction 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 sale, the executive vice president owned 119,253 shares in the company, valued at approximately $3,841,139.13. The trade was a 31.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company's stock.

SLM Trading Down 2.2%

Shares of SLM stock opened at $30.44 on Tuesday. The firm has a market capitalization of $6.35 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 0.88 and a beta of 1.11. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.35 and a quick ratio of 1.35. The company's fifty day moving average price is $32.18 and its two-hundred day moving average price is $30.89. SLM Corporation has a 52-week low of $19.64 and a 52-week high of $34.97.

SLM (NASDAQ:SLM - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.17). The business 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 company's quarterly revenue was down 21.4% compared to the same quarter last year. During the same period last year, the firm earned $1.11 EPS. SLM has set its FY 2025 guidance at 3.000-3.100 EPS. On average, analysts expect that SLM Corporation will post 3.07 EPS for the current year.

SLM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, September 4th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, September 4th. SLM's payout ratio is currently 26.13%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SLM shares. JPMorgan Chase & Co. raised shares of SLM from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $29.00 to $38.00 in a research report on Friday, July 11th. Jefferies Financial Group boosted their target price 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 reaffirmed an "outperform" rating on shares of SLM in a research report on Monday, July 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $40.00 target price (up previously from $33.00) on shares of SLM in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company initiated coverage on shares of SLM in a research report on Monday, August 25th. They set an "overweight" rating and a $38.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

SLM 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.

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