Twin Tree Management LP Has $1.16 Million Stock Holdings in SLM Corporation $SLM

Key Points

• Twin Tree Management LP has significantly increased its stake in SLM Corporation by 9,808.3%, acquiring 39,233 shares in the first quarter, bringing its total holdings to 39,633 shares, valued at approximately $1.164 million.
• Wall Street analysts have given SLM a consensus rating of "Moderate Buy", with an average price target of $35.00, following upgrades from several firms, including Morgan Stanley and JPMorgan Chase.
• SLM Corporation recently announced a quarterly dividend of $0.13 per share, representing an annualized basis of $0.52 and a yield of 1.7%.

Twin Tree Management LP lifted its stake in shares of SLM Corporation (NASDAQ:SLM - Free Report) by 9,808.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 39,633 shares of the credit services provider's stock after buying an additional 39,233 shares during the quarter. Twin Tree Management LP's holdings in SLM were worth $1,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Trexquant Investment LP acquired a new position in SLM in the first quarter valued at about $3,120,000. PEAK6 LLC raised its stake in SLM by 77.1% in the first quarter. PEAK6 LLC now owns 51,725 shares of the credit services provider's stock valued at $1,519,000 after purchasing an additional 22,525 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of SLM in the 1st quarter valued at $228,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of SLM in the 1st quarter valued at $1,392,000. Finally, 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 buying an additional 408 shares in the last quarter. Institutional investors and hedge funds own 98.94% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SLM shares. Jefferies Financial Group raised their price objective on SLM from $33.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating on shares of SLM in a research note on Monday, July 14th. Barclays boosted their target price on SLM from $38.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised 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 note on Friday, July 11th. Finally, Wells Fargo & Company began coverage on SLM in a research note on Monday, August 25th. They set an "overweight" rating and a $38.00 target price for the company. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, SLM has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

SLM Trading Down 2.1%

Shares of SLM stock traded down $0.66 during mid-day trading on Friday, reaching $31.11. 1,846,413 shares of the stock traded hands, compared to its average volume of 1,765,836. The stock's fifty day simple moving average is $32.23 and its two-hundred day simple moving average is $30.91. SLM Corporation has a 1-year low of $19.64 and a 1-year high of $34.97. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.11. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.02.

SLM (NASDAQ:SLM - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The credit services provider reported $0.32 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 firm had revenue of $403.60 million for the quarter, compared to analyst estimates of $370.26 million. During the same period in the previous year, the business posted $1.11 earnings per share. The business's revenue for the quarter 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 anticipate that SLM Corporation will post 3.07 EPS for the current fiscal year.

SLM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.13 per share. 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 dividend payout ratio (DPR) is presently 26.13%.

Insider Activity at SLM

In other news, EVP Kerri A. Palmer sold 55,000 shares of SLM stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $32.21, for a total transaction of $1,771,550.00. Following the sale, the executive vice president directly owned 119,253 shares of the company's stock, valued at approximately $3,841,139.13. This trade represents 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. Insiders own 1.30% of the company's stock.

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.