Prudential Financial Inc. grew its stake in shares of SLM Corp (NASDAQ:SLM) by 164.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 730,645 shares of the credit services provider’s stock after buying an additional 454,520 shares during the period. Prudential Financial Inc.’s holdings in SLM were worth $8,147,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. BB&T Corp bought a new position in SLM during the third quarter worth about $127,000. BB&T Securities LLC bought a new position in SLM during the second quarter worth about $153,000. Strs Ohio bought a new position in SLM during the second quarter worth about $242,000. Wasatch Advisors Inc. bought a new position in SLM during the second quarter worth about $298,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in SLM by 53.7% during the second quarter. Cubist Systematic Strategies LLC now owns 33,830 shares of the credit services provider’s stock worth $387,000 after buying an additional 11,818 shares during the last quarter.

SLM has been the topic of a number of recent analyst reports. Zacks Investment Research cut SLM from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. BidaskClub cut SLM from a “hold” rating to a “sell” rating in a report on Friday, September 28th. ValuEngine upgraded SLM from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, Oppenheimer set a $13.00 price target on SLM and gave the stock a “buy” rating in a research report on Sunday, November 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. SLM currently has an average rating of “Buy” and a consensus target price of $14.30.

NASDAQ SLM opened at $9.90 on Friday. The stock has a market cap of $4.32 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.50 and a beta of 1.20. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.86. SLM Corp has a one year low of $9.52 and a one year high of $12.46.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Monday, October 22nd. The credit services provider reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The business had revenue of $356.63 million for the quarter, compared to analyst estimates of $350.10 million. SLM had a return on equity of 18.84% and a net margin of 22.81%. During the same period in the prior year, the business earned $0.17 EPS. Research analysts anticipate that SLM Corp will post 1.02 earnings per share for the current fiscal year.

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SLM Company Profile

SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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