SLM Corporation (SLM) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in shares of SLM Corporation (NASDAQ:SLM) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 760,390 shares of the credit services provider’s stock after selling 81,513 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of SLM worth $8,722,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SLM. Aperio Group LLC lifted its position in shares of SLM by 10.9% in the 2nd quarter. Aperio Group LLC now owns 180,916 shares of the credit services provider’s stock worth $2,081,000 after buying an additional 17,722 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of SLM by 7.9% in the 2nd quarter. SG Americas Securities LLC now owns 135,569 shares of the credit services provider’s stock worth $1,559,000 after buying an additional 9,887 shares during the last quarter. Dorsey Wright & Associates lifted its position in shares of SLM by 1.2% in the 2nd quarter. Dorsey Wright & Associates now owns 185,539 shares of the credit services provider’s stock worth $2,134,000 after buying an additional 2,245 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of SLM by 9.0% in the 2nd quarter. Nationwide Fund Advisors now owns 1,442,598 shares of the credit services provider’s stock worth $16,590,000 after buying an additional 119,024 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of SLM by 3.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 357,472 shares of the credit services provider’s stock worth $4,111,000 after buying an additional 12,017 shares during the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

A number of research firms have recently issued reports on SLM. BidaskClub downgraded shares of SLM from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 2nd. FBR & Co set a $13.00 price target on shares of SLM and gave the stock a “buy” rating in a research report on Thursday, October 19th. Citigroup began coverage on shares of SLM in a research report on Monday, October 16th. They issued a “buy” rating and a $16.00 price target on the stock. Zacks Investment Research upgraded shares of SLM from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, BMO Capital Markets restated a “hold” rating and issued a $12.00 price target on shares of SLM in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. SLM currently has a consensus rating of “Hold” and an average price target of $13.44.

Shares of SLM Corporation (NASDAQ:SLM) opened at $11.49 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.33 and a quick ratio of 1.33. SLM Corporation has a twelve month low of $9.65 and a twelve month high of $13.20. The firm has a market cap of $5,096.30, a PE ratio of 17.10 and a beta of 1.33.

SLM (NASDAQ:SLM) last released its quarterly earnings data on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. SLM had a net margin of 22.95% and a return on equity of 16.63%. The business had revenue of $282.06 million for the quarter, compared to analysts’ expectations of $282.02 million. During the same quarter last year, the company earned $0.12 EPS. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. analysts expect that SLM Corporation will post 0.72 earnings per share for the current year.

In other SLM news, SVP Jonathan Boyles sold 2,776 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $11.65, for a total transaction of $32,340.40. Following the transaction, the senior vice president now owns 173,728 shares of the company’s stock, valued at approximately $2,023,931.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Raymond J. Quinlan sold 200,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $11.52, for a total transaction of $2,304,000.00. Following the transaction, the chief executive officer now directly owns 1,080,133 shares in the company, valued at approximately $12,443,132.16. The disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.

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About SLM

SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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