12,776 Shares in SLM Corporation $SLM Bought by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has made a new investment in SLM Corporation by acquiring 12,776 shares valued at approximately $375,000 during the first quarter.
• Multiple hedge funds have also increased their stakes, with UMB Bank n.a. growing its position by 355.4% during the same period.
• SLM Corporation announced a quarterly dividend of $0.13 per share, payable to shareholders on September 15th, with an annualized yield of 1.7%.

Fox Run Management L.L.C. bought a new stake in SLM Corporation (NASDAQ:SLM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,776 shares of the credit services provider's stock, valued at approximately $375,000.

Other hedge funds also recently modified their holdings of the company. J.Safra Asset Management Corp bought a new position in shares of SLM in the 1st quarter valued at about $25,000. Fifth Third Bancorp boosted its stake in shares of SLM by 37.7% in 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 last quarter. UMB Bank n.a. boosted its stake in shares of SLM by 355.4% in 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 last quarter. Headlands Technologies LLC bought a new position in SLM during the 1st quarter worth approximately $62,000. Finally, CENTRAL TRUST Co bought a new position in SLM during the 1st quarter worth approximately $132,000. Institutional investors own 98.94% of the company's stock.

SLM Stock Up 2.9%

Shares of NASDAQ SLM traded up $0.89 during midday trading on Friday, reaching $31.73. The company's stock had a trading volume of 1,516,625 shares, compared to its average volume of 2,032,951. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.02. SLM Corporation has a fifty-two week low of $19.64 and a fifty-two week high of $34.97. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 0.89 and a beta of 1.13. The stock has a 50 day simple moving average of $32.36 and a 200-day simple moving average of $30.85.

SLM (NASDAQ:SLM - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $370.26 million. During the same quarter last year, the business earned $1.11 earnings per share. SLM's revenue for the quarter was down 21.4% on a year-over-year basis. SLM has set its FY 2025 guidance at 3.000-3.100 EPS. Equities research analysts predict that SLM Corporation will post 3.07 earnings per share for the current year.

SLM Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.6%. SLM's dividend payout ratio (DPR) is 26.13%.

Insider Activity

In other 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 sale, the executive vice president directly owned 119,253 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of SLM from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $29.00 to $38.00 in a research note on Friday, July 11th. Barclays raised their target price on shares of SLM from $38.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Jefferies Financial Group raised their target price on shares of SLM from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company raised their target price on shares of SLM from $34.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of SLM in a report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, SLM presently has a consensus 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.