Quantinno Capital Management LP Buys 25,453 Shares of SLM Co. (NASDAQ:SLM)

Quantinno Capital Management LP increased its stake in shares of SLM Co. (NASDAQ:SLM) by 74.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,841 shares of the credit services provider’s stock after acquiring an additional 25,453 shares during the quarter. Quantinno Capital Management LP’s holdings in SLM were worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SLM. Nomura Holdings Inc. purchased a new stake in shares of SLM during the fourth quarter valued at approximately $777,000. Mubadala Investment Co PJSC bought a new stake in SLM during the 4th quarter valued at $2,502,000. Lighthouse Investment Partners LLC purchased a new stake in SLM during the 4th quarter valued at $8,771,000. Janus Henderson Group PLC boosted its position in SLM by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 136,046 shares of the credit services provider’s stock valued at $3,754,000 after buying an additional 2,393 shares during the period. Finally, Kaizen Financial Strategies bought a new stake in SLM in the 4th quarter worth $235,000. 98.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of SLM from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price target on SLM from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company increased their price objective on SLM from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 14th. Compass Point lifted 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. Finally, Royal Bank of Canada upped their target price on SLM from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.82.

SLM Trading Down 2.4%

SLM opened at $32.79 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.32 and a debt-to-equity ratio of 3.37. SLM Co. has a 52 week low of $19.39 and a 52 week high of $33.94. The stock has a market cap of $6.88 billion, a PE ratio of 12.37, a PEG ratio of 0.86 and a beta of 1.05. The business has a 50 day moving average of $29.22 and a 200-day moving average of $28.27.

SLM (NASDAQ:SLM) last announced its earnings results on Thursday, April 24th. The credit services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.21. The firm had revenue of $374.97 million for the quarter, compared to analysts’ expectations of $359.83 million. SLM had a net margin of 20.73% and a return on equity of 31.66%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 EPS. Equities research analysts predict that SLM Co. will post 3.07 earnings per share for the current fiscal year.

SLM Announces Dividend

The firm also recently disclosed 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, June 5th. SLM’s payout ratio is 18.71%.

Insider Transactions at SLM

In related news, Director Robert S. Strong sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $31.15, for a total transaction of $93,450.00. Following the completion of the transaction, the director now directly owns 35,195 shares in the company, valued at approximately $1,096,324.25. The trade was a 7.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

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.