American Asset Management Inc. trimmed its position in SLM Corp (NASDAQ:SLM) by 35.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,700 shares of the credit services provider’s stock after selling 5,850 shares during the period. American Asset Management Inc.’s holdings in SLM were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of SLM by 4.4% in the 4th quarter. BlackRock Inc. now owns 43,240,757 shares of the credit services provider’s stock valued at $359,332,000 after acquiring an additional 1,823,633 shares during the period. FMR LLC lifted its stake in SLM by 4.6% in the 4th quarter. FMR LLC now owns 29,595,693 shares of the credit services provider’s stock valued at $245,940,000 after buying an additional 1,304,978 shares in the last quarter. Vanguard Group Inc lifted its stake in SLM by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 26,510,575 shares of the credit services provider’s stock valued at $295,592,000 after buying an additional 487,512 shares in the last quarter. Vanguard Group Inc. lifted its stake in SLM by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 26,510,575 shares of the credit services provider’s stock valued at $295,592,000 after buying an additional 487,512 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in SLM by 5.2% in the 4th quarter. Bank of New York Mellon Corp now owns 16,209,086 shares of the credit services provider’s stock valued at $134,698,000 after buying an additional 794,879 shares in the last quarter.

A number of analysts have recently issued reports on SLM shares. ValuEngine downgraded shares of SLM from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Wedbush reiterated an “outperform” rating on shares of SLM in a report on Tuesday, January 29th. TheStreet upgraded shares of SLM from a “c+” rating to a “b-” rating in a report on Monday, January 28th. BMO Capital Markets upgraded shares of SLM from a “market perform” rating to an “outperform” rating in a report on Friday, January 25th. Finally, BidaskClub downgraded shares of SLM from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. SLM currently has a consensus rating of “Hold” and an average target price of $13.18.

In other news, SVP Jonathan Boyles sold 68,000 shares of SLM stock in a transaction on Friday, March 1st. The shares were sold at an average price of $11.20, for a total transaction of $761,600.00. Following the completion of the sale, the senior vice president now directly owns 67,679 shares of the company’s stock, valued at approximately $758,004.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul F. Thome sold 25,000 shares of SLM stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $11.10, for a total transaction of $277,500.00. Following the sale, the executive vice president now directly owns 208,049 shares of the company’s stock, valued at $2,309,343.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,805 shares of company stock valued at $1,047,625. Corporate insiders own 0.36% of the company’s stock.

SLM stock traded down $0.02 during midday trading on Monday, hitting $10.28. The company’s stock had a trading volume of 47,409 shares, compared to its average volume of 3,008,167. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.67. SLM Corp has a 52-week low of $7.95 and a 52-week high of $12.46. The stock has a market capitalization of $4.48 billion, a PE ratio of 9.61, a P/E/G ratio of 0.42 and a beta of 1.48.

SLM (NASDAQ:SLM) last issued its quarterly earnings results on Wednesday, January 23rd. The credit services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. SLM had a net margin of 26.07% and a return on equity of 20.05%. The company had revenue of $382.87 million during the quarter, compared to analysts’ expectations of $367.40 million. During the same quarter last year, the company posted $0.19 EPS. The firm’s revenue was up 23.8% compared to the same quarter last year. Analysts expect that SLM Corp will post 1.25 EPS for the current fiscal year.

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About SLM

SLM Corporation, through 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 or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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