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

A number of other hedge funds have also recently modified their holdings of SLM. J.Safra Asset Management Corp purchased a new stake in shares of SLM in the first quarter valued at about $25,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of SLM in the first quarter valued at about $45,000. Fifth Third Bancorp grew its holdings in shares of SLM by 37.7% in the first quarter. Fifth Third Bancorp now owns 1,714 shares of the credit services provider's stock valued at $50,000 after purchasing an additional 469 shares during the period. UMB Bank n.a. boosted its stake in SLM by 355.4% during the first 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 during the period. Finally, Headlands Technologies LLC purchased a new position in SLM during the first quarter worth about $62,000. Hedge funds and other institutional investors own 98.94% of the company's stock.

SLM Stock Down 3.1%

SLM stock opened at $28.13 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.02. SLM Corporation has a twelve month low of $21.05 and a twelve month high of $34.97. The company's 50 day moving average is $31.80 and its two-hundred day moving average is $30.85. The stock has a market cap of $5.86 billion, a P/E ratio of 14.14, a PEG ratio of 0.80 and a beta of 1.11.

SLM (NASDAQ:SLM - Get Free Report) last released 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 return on equity of 21.93% and a net margin of 15.46%.The company 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 EPS. The firm'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. Research analysts expect that SLM Corporation will post 3.07 earnings per share for the current fiscal year.

SLM Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.8%. SLM's dividend payout ratio (DPR) is 26.13%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SLM shares. JPMorgan Chase & Co. raised shares of SLM from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $29.00 to $38.00 in a research note on Friday, July 11th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of SLM in a research note on Monday, July 14th. Wells Fargo & Company started coverage on shares of SLM in a research note on Monday, August 25th. They set an "overweight" rating and a $38.00 target price for the company. Morgan Stanley reaffirmed an "overweight" rating and set a $40.00 target price (up previously from $33.00) on shares of SLM in a research note on Wednesday, May 21st. Finally, Barclays increased their target price on shares of SLM from $38.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, SLM has an average rating of "Moderate Buy" and an average target price of $35.00.

Insider Activity

In other news, EVP Kerri A. Palmer sold 55,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $32.21, for a total transaction of $1,771,550.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company's stock.

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.

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