Wedge Capital Management L L P NC Buys 149,567 Shares of SLM Corp (NASDAQ:SLM)

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Wedge Capital Management L L P NC lifted its stake in SLM Corp (NASDAQ:SLM) by 4.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,770,439 shares of the credit services provider’s stock after buying an additional 149,567 shares during the period. Wedge Capital Management L L P NC’s holdings in SLM were worth $33,595,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new stake in SLM during the 4th quarter valued at $31,000. HM Payson & Co. bought a new stake in SLM in the 2nd quarter worth $46,000. Huntington National Bank grew its holdings in SLM by 85.0% in the 3rd quarter. Huntington National Bank now owns 5,314 shares of the credit services provider’s stock worth $47,000 after acquiring an additional 2,442 shares during the last quarter. Doyle Wealth Management purchased a new position in shares of SLM in the second quarter valued at about $51,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of SLM in the second quarter valued at about $117,000. Hedge funds and other institutional investors own 98.23% of the company’s stock.

SLM opened at $8.61 on Thursday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.32 and a current ratio of 1.32. SLM Corp has a 52-week low of $7.76 and a 52-week high of $11.53. The stock has a market capitalization of $3.60 billion, a PE ratio of 6.82, a price-to-earnings-growth ratio of 0.48 and a beta of 1.43. The stock’s 50 day moving average price is $8.76 and its 200-day moving average price is $8.85.

SLM (NASDAQ:SLM) last announced its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $405.07 million during the quarter, compared to analyst estimates of $397.58 million. SLM had a return on equity of 20.63% and a net margin of 25.04%. During the same quarter last year, the firm posted $0.23 earnings per share. Research analysts forecast that SLM Corp will post 1.23 EPS for the current fiscal year.

Several equities analysts have recently commented on SLM shares. BidaskClub downgraded shares of SLM from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. ValuEngine raised SLM from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. SLM presently has a consensus rating of “Hold” and a consensus price target of $13.67.

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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Want to see what other hedge funds are holding SLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SLM Corp (NASDAQ:SLM).

Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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