Gateway Investment Advisers LLC Has $1.09 Million Stake in SLM Corp (NASDAQ:SLM)

Gateway Investment Advisers LLC cut its stake in shares of SLM Corp (NASDAQ:SLM) by 13.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,794 shares of the credit services provider’s stock after selling 16,998 shares during the period. Gateway Investment Advisers LLC’s holdings in SLM were worth $1,087,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SLM. Huntington National Bank raised its stake in shares of SLM by 69.2% during the 1st quarter. Huntington National Bank now owns 2,890 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 1,182 shares during the period. Twin Tree Management LP bought a new stake in shares of SLM during the 1st quarter worth $52,000. Cleararc Capital Inc. bought a new stake in shares of SLM during the 1st quarter worth $111,000. Pearl River Capital LLC raised its stake in shares of SLM by 137.0% during the 1st quarter. Pearl River Capital LLC now owns 13,746 shares of the credit services provider’s stock worth $136,000 after purchasing an additional 7,947 shares during the period. Finally, Actinver Wealth Management Inc. bought a new stake in shares of SLM during the 4th quarter worth $154,000.

Shares of SLM stock opened at $7.84 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.37 and a current ratio of 1.37. SLM Corp has a fifty-two week low of $7.76 and a fifty-two week high of $12.09. The stock has a 50 day moving average price of $9.22 and a two-hundred day moving average price of $10.00. The company has a market capitalization of $3.51 billion, a P/E ratio of 7.33, a PEG ratio of 0.50 and a beta of 1.41.

SLM (NASDAQ:SLM) last announced its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. SLM had a net margin of 26.18% and a return on equity of 20.44%. The firm had revenue of $396.87 million during the quarter, compared to the consensus estimate of $401.69 million. During the same period last year, the firm posted $0.25 EPS. As a group, equities analysts predict that SLM Corp will post 1.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, September 5th. SLM’s dividend payout ratio is 11.21%.

A number of equities research analysts have recently commented on SLM shares. Oppenheimer set a $12.00 target price on SLM and gave the stock a “buy” rating in a research note on Friday, July 26th. BMO Capital Markets set a $16.00 price objective on SLM and gave the company a “buy” rating in a research note on Friday, July 26th. ValuEngine raised SLM from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 24th. Compass Point lowered SLM from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Finally, BidaskClub lowered SLM from a “sell” rating to a “strong sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.83.

SLM Company Profile

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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