SLM Corporation $SLM Stock Holdings Trimmed by Helix Partners Management LP

Key Points

• Helix Partners Management LP has reduced its stake in SLM Corporation by 40%, now holding 300,000 shares, which amount to approximately $8.81 million.
• Despite the stake reduction by some investors, PEAK6 LLC increased its position in SLM by 77.1%, demonstrating continued interest in the company from other institutional investors.
• SLM Corporation's latest quarterly earnings report revealed $0.32 EPS, missing analysts' estimates of $0.49, while the company also announced a quarterly $0.13 dividend with a yield of 1.6%.

Helix Partners Management LP reduced its stake in shares of SLM Corporation (NASDAQ:SLM - Free Report) by 40.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the credit services provider's stock after selling 200,000 shares during the period. SLM accounts for about 2.6% of Helix Partners Management LP's portfolio, making the stock its 5th largest holding. Helix Partners Management LP owned approximately 0.14% of SLM worth $8,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. PEAK6 LLC lifted its position in SLM by 77.1% during the first quarter. PEAK6 LLC now owns 51,725 shares of the credit services provider's stock worth $1,519,000 after buying an additional 22,525 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of SLM in the 1st quarter worth $228,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of SLM during the 1st quarter worth $1,392,000. AlphaQuest LLC raised its holdings in shares of SLM by 1.1% during the 1st quarter. AlphaQuest LLC now owns 36,509 shares of the credit services provider's stock worth $1,072,000 after acquiring an additional 408 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of SLM during the 1st quarter valued at about $45,000. 98.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SLM shares. 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. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of SLM in a research report on Monday, July 14th. Morgan Stanley reiterated an "overweight" rating and issued a $40.00 price objective (up from $33.00) on shares of SLM in a report on Wednesday, May 21st. Jefferies Financial Group raised their target price on SLM from $33.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company assumed coverage on SLM in a research note on Monday. They issued an "overweight" rating and a $38.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

Insider Activity

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 stock was 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company's stock.

SLM Price Performance

SLM stock opened at $31.85 on Wednesday. The business's fifty day moving average price is $32.36 and its 200 day moving average price is $30.87. SLM Corporation has a 12-month low of $19.64 and a 12-month high of $34.97. 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 company has a market capitalization of $6.64 billion, a PE ratio of 16.01, a P/E/G ratio of 0.89 and a beta of 1.13.

SLM (NASDAQ:SLM - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The credit services provider reported $0.32 earnings per share 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 firm posted $1.11 EPS. The company'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. On average, sell-side analysts anticipate 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 issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, September 4th. SLM's dividend payout ratio (DPR) is presently 26.13%.

About SLM

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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