Hsbc Holdings PLC Sells 26,045 Shares of SLM Corporation $SLM

Hsbc Holdings PLC lowered its stake in SLM Corporation (NASDAQ:SLM - Free Report) by 66.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,179 shares of the credit services provider's stock after selling 26,045 shares during the period. Hsbc Holdings PLC's holdings in SLM were worth $387,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SLM. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in SLM during the 4th quarter valued at about $140,442,000. Duquesne Family Office LLC acquired a new stake in shares of SLM in the 4th quarter worth approximately $69,509,000. M.D. Sass LLC acquired a new stake in SLM during the first quarter valued at approximately $37,317,000. Wellington Management Group LLP lifted its stake 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 valued at $31,076,000 after purchasing an additional 929,292 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in SLM by 797.4% during the fourth quarter. Tidal Investments LLC now owns 704,971 shares of the credit services provider's stock valued at $19,443,000 after purchasing an additional 626,412 shares during the last quarter. 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 of the company's stock, 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 document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SLM has been the subject of several research analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of SLM in a research report on Monday, July 14th. Wells Fargo & Company began coverage on shares of SLM in a report on Monday, August 25th. They issued an "overweight" rating and a $38.00 price target for the company. JPMorgan Chase & Co. raised shares of SLM from a "neutral" rating to an "overweight" rating and increased their price target for the company from $29.00 to $38.00 in a report on Friday, July 11th. Jefferies Financial Group increased their price target on shares of SLM from $33.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. 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 report on Friday, July 25th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

SLM Trading Down 2.1%

Shares of NASDAQ:SLM traded down $0.66 during trading on Friday, hitting $31.11. 1,846,413 shares of the company's stock were exchanged, compared to its average volume of 1,765,836. SLM Corporation has a 1-year low of $19.64 and a 1-year high of $34.97. The firm has a 50-day moving average price of $32.23 and a two-hundred day moving average price of $30.91. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.02. The firm has a market cap of $6.49 billion, a P/E ratio of 15.63, a PEG ratio of 0.89 and a beta of 1.11.

SLM (NASDAQ:SLM - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $403.60 million for the quarter, compared to analyst estimates of $370.26 million. SLM had a return on equity of 21.93% and a net margin of 15.46%.The firm's quarterly revenue was down 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 EPS. SLM has set its FY 2025 guidance at 3.000-3.100 EPS. Equities 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 given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 4th. SLM's payout ratio is currently 26.13%.

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.