Pinebridge Investments L.P. Has $2.18 Million Position in SLM Co. (NASDAQ:SLM)

Pinebridge Investments L.P. boosted its holdings in shares of SLM Co. (NASDAQ:SLM - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,895 shares of the credit services provider's stock after buying an additional 23,603 shares during the quarter. Pinebridge Investments L.P.'s holdings in SLM were worth $2,176,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SLM. Private Trust Co. NA boosted its holdings in SLM by 86.4% during the fourth quarter. Private Trust Co. NA now owns 971 shares of the credit services provider's stock worth $27,000 after buying an additional 450 shares in the last quarter. Blue Trust Inc. grew its stake in shares of SLM by 32.2% in the 4th quarter. Blue Trust Inc. now owns 1,849 shares of the credit services provider's stock valued at $51,000 after buying an additional 450 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in SLM in the fourth quarter valued at approximately $86,000. Plato Investment Management Ltd acquired a new position in shares of SLM in the fourth quarter valued at approximately $114,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of SLM by 489.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,476 shares of the credit services provider's stock valued at $123,000 after buying an additional 3,717 shares during the period. Institutional investors own 98.94% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SLM. JPMorgan Chase & Co. decreased their target price on SLM from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Compass Point increased their price objective on SLM from $31.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Wells Fargo & Company lifted their price objective on SLM from $32.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective on SLM from $30.00 to $32.00 and gave the stock a "market perform" rating in a research report on Friday, January 24th. Finally, Morgan Stanley restated an "overweight" rating and issued a $33.00 target price (up from $31.00) on shares of SLM in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.73.

SLM Trading Up 3.9 %

SLM traded up $1.18 during trading on Friday, reaching $31.17. The company had a trading volume of 2,046,176 shares, compared to its average volume of 2,217,905. SLM Co. has a 12-month low of $19.39 and a 12-month high of $32.65. The firm's 50-day simple moving average is $28.28 and its 200 day simple moving average is $27.30. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.86 and a beta of 1.05. The company has a debt-to-equity ratio of 3.37, a quick ratio of 1.27 and a current ratio of 1.32.

SLM (NASDAQ:SLM - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.21. SLM had a net margin of 20.73% and a return on equity of 31.66%. The business had revenue of $374.97 million during the quarter, compared to analyst estimates of $359.83 million. During the same period in the prior year, the firm earned $1.27 earnings per share. The firm's revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that SLM Co. will post 3.07 earnings per share for the current year.

SLM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.52 annualized dividend and a dividend yield of 1.67%. SLM's dividend payout ratio (DPR) is currently 18.71%.

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.