UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Stake in SLM Corporation $SLM

Key Points

• UBS Asset Management increased its holdings in SLM Corporation by 0.7%, now owning approximately $52.9 million worth of shares.
• SLM's recent earnings report indicates a 21.4% decline in revenue compared to the previous year, and the company missed analysts' earnings per share estimates.
• The firm announced a quarterly dividend of $0.13 per share, with an annualized yield of 1.8%, set to be paid on September 15th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in SLM Corporation (NASDAQ:SLM - Free Report) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,802,829 shares of the credit services provider's stock after acquiring an additional 12,264 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.86% of SLM worth $52,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp bought a new position in shares of SLM during the 1st quarter worth approximately $25,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of SLM during the 1st quarter worth approximately $45,000. Fifth Third Bancorp boosted its holdings in shares of SLM by 37.7% during the 1st quarter. Fifth Third Bancorp now owns 1,714 shares of the credit services provider's stock worth $50,000 after buying an additional 469 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of SLM by 355.4% during the 1st quarter. UMB Bank n.a. now owns 1,899 shares of the credit services provider's stock worth $56,000 after buying an additional 1,482 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of SLM during the 1st quarter worth approximately $62,000. 98.94% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction of $1,771,550.00. Following the completion of the sale, the executive vice president directly owned 119,253 shares of the company's stock, valued at $3,841,139.13. This trade represents a 31.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SLM has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on SLM from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upgraded SLM from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $29.00 to $38.00 in a report on Friday, July 11th. Wells Fargo & Company assumed coverage on SLM in a report on Monday, August 25th. They issued an "overweight" rating and a $38.00 target price on the stock. Royal Bank Of Canada reiterated an "outperform" rating on shares of SLM in a report on Monday, July 14th. Finally, Barclays increased their target price on SLM from $38.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, SLM presently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

SLM Stock Down 0.1%

NASDAQ SLM traded down $0.02 on Friday, reaching $28.43. The company had a trading volume of 6,982,245 shares, compared to its average volume of 2,506,428. SLM Corporation has a 52-week low of $21.10 and a 52-week high of $34.97. The stock has a market capitalization of $5.93 billion, a P/E ratio of 14.29, a P/E/G ratio of 0.81 and a beta of 1.11. The company's fifty day moving average is $31.25 and its 200 day moving average is $30.79. 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 earnings results on Thursday, July 24th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $370.26 million. During the same period in the prior year, the business earned $1.11 earnings per share. The company'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. Sell-side analysts anticipate that SLM Corporation will post 3.07 earnings per share for the current fiscal year.

SLM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, September 4th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 1.8%. SLM's dividend payout ratio (DPR) 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.