Invesco Ltd. Has $44.81 Million Stock Holdings in SLM Corporation $SLM

Key Points

• Invesco Ltd. has reduced its stake in SLM Corporation by 9.4%, selling 159,196 shares in the first quarter, now holding approximately 1.53 million shares valued at $44.8 million.
• SLM Corporation's stock price has decreased by 8.1%, currently trading at $30.32, with a noticeable 21.4% decline in quarterly revenue compared to the previous year.
• The company recently announced a quarterly dividend of $0.13 per share, which will be paid on September 15th, reflecting a 1.7% dividend yield.

Invesco Ltd. lessened its holdings in shares of SLM Corporation (NASDAQ:SLM - Free Report) by 9.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,525,597 shares of the credit services provider's stock after selling 159,196 shares during the period. Invesco Ltd. owned about 0.73% of SLM worth $44,807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Watchtower Advisors LP bought a new stake in shares of SLM during the 1st quarter worth approximately $4,337,000. Swiss National Bank lifted its holdings in shares of SLM by 1.5% during the 1st quarter. Swiss National Bank now owns 390,788 shares of the credit services provider's stock worth $11,477,000 after acquiring an additional 5,900 shares during the period. Headlands Technologies LLC bought a new stake in shares of SLM during the 1st quarter worth approximately $62,000. Deutsche Bank AG lifted its holdings in shares of SLM by 11.1% during the 1st quarter. Deutsche Bank AG now owns 24,238 shares of the credit services provider's stock worth $712,000 after acquiring an additional 2,420 shares during the period. Finally, M.D. Sass LLC bought a new stake in shares of SLM during the 1st quarter worth approximately $37,317,000. Institutional investors own 98.94% of the company's stock.

SLM Trading Up 0.7%

Shares of SLM traded up $0.2060 during trading hours on Thursday, hitting $30.8660. 669,500 shares of the stock were exchanged, compared to its average volume of 2,557,272. SLM Corporation has a fifty-two week low of $19.64 and a fifty-two week high of $34.97. 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 business has a 50-day moving average of $32.36 and a 200-day moving average of $30.80. The firm has a market capitalization of $6.43 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 0.85 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 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.17). SLM had a return on equity of 21.93% and a net margin of 15.46%.The firm had revenue of $403.60 million for the quarter, compared to analyst estimates of $370.26 million. During the same quarter last year, the company earned $1.11 earnings per share. The company's quarterly revenue 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, research analysts expect that SLM Corporation will post 3.07 EPS for the current year.

SLM Announces Dividend

The company 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 dividend of $0.13 per share. The ex-dividend date is Thursday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 1.7%. SLM's dividend payout ratio is 26.13%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SLM shares. Royal Bank Of Canada reissued an "outperform" rating on shares of SLM in a research note on Monday, July 14th. JPMorgan Chase & Co. raised shares of SLM from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $29.00 to $38.00 in a research note on Friday, July 11th. Barclays increased their price objective on shares of SLM from $38.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Wells Fargo & Company increased their price objective on shares of SLM from $34.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $40.00 price objective (up previously from $33.00) on shares of SLM in a research note on Wednesday, May 21st. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, SLM presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Insider Buying and Selling at SLM

In other SLM news, EVP Kerri A. Palmer sold 55,000 shares of the firm'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 completion of the sale, the executive vice president directly 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 can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.

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.