Rockefeller Capital Management L.P. Lowers Stock Position in SLM Co. (NASDAQ:SLM)

Rockefeller Capital Management L.P. lessened its stake in SLM Co. (NASDAQ:SLM) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 897,734 shares of the credit services provider’s stock after selling 9,963 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.42% of SLM worth $20,530,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of SLM by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,687,920 shares of the credit services provider’s stock valued at $118,248,000 after purchasing an additional 119,342 shares during the last quarter. American Century Companies Inc. grew its position in SLM by 23.9% during the second quarter. American Century Companies Inc. now owns 4,453,521 shares of the credit services provider’s stock valued at $92,589,000 after acquiring an additional 859,625 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of SLM by 3,800.6% during the third quarter. Assenagon Asset Management S.A. now owns 2,406,384 shares of the credit services provider’s stock worth $55,034,000 after acquiring an additional 2,344,691 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of SLM by 107.1% in the 2nd quarter. Millennium Management LLC now owns 2,366,642 shares of the credit services provider’s stock worth $49,202,000 after acquiring an additional 1,224,015 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of SLM by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,758,057 shares of the credit services provider’s stock valued at $40,207,000 after purchasing an additional 15,252 shares in the last quarter. Institutional investors own 98.94% of the company’s stock.

SLM Stock Up 0.7 %

Shares of NASDAQ SLM opened at $27.38 on Monday. The firm has a fifty day simple moving average of $23.46 and a two-hundred day simple moving average of $22.01. SLM Co. has a 12 month low of $14.64 and a 12 month high of $28.22. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 3.21. The firm has a market capitalization of $5.81 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 1.16 and a beta of 1.16.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.30). The company had revenue of $652.64 million during the quarter, compared to the consensus estimate of $363.40 million. SLM had a return on equity of 35.92% and a net margin of 22.18%. During the same period in the previous year, the company earned $0.11 earnings per share. Equities analysts expect that SLM Co. will post 2.73 earnings per share for the current year.

SLM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, December 5th. This is a positive change from SLM’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.90%. SLM’s payout ratio is currently 15.33%.

Analyst Ratings Changes

A number of equities analysts recently commented on SLM shares. Barclays decreased their target price on shares of SLM from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Wedbush reissued an “outperform” rating and issued a $26.00 target price on shares of SLM in a research note on Thursday, October 24th. JPMorgan Chase & Co. reduced their price target on SLM from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price objective on shares of SLM in a research report on Thursday, October 24th. Finally, Bank of America started coverage on shares of SLM in a report on Wednesday, September 25th. They issued a “buy” rating and a $27.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SLM presently has an average rating of “Moderate Buy” and an average price target of $25.45.

SLM 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.