Dorsey Wright & Associates boosted its position in shares of SLM Corporation (NASDAQ:SLM) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 185,539 shares of the credit services provider’s stock after buying an additional 2,245 shares during the quarter. Dorsey Wright & Associates’ holdings in SLM Corporation were worth $2,134,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in shares of SLM Corporation by 44.0% in the first quarter. Envestnet Asset Management Inc. now owns 8,438 shares of the credit services provider’s stock worth $102,000 after buying an additional 2,578 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of SLM Corporation in the first quarter worth about $125,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of SLM Corporation in the first quarter worth about $163,000. Cadence Capital Management LLC lifted its stake in shares of SLM Corporation by 0.5% in the first quarter. Cadence Capital Management LLC now owns 15,538 shares of the credit services provider’s stock worth $188,000 after buying an additional 81 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of SLM Corporation in the first quarter worth about $189,000. Institutional investors own 98.43% of the company’s stock.

Several equities analysts have recently weighed in on the stock. FBR & Co reissued an “outperform” rating and issued a $13.00 price target (down from $14.00) on shares of SLM Corporation in a research note on Thursday, July 20th. Zacks Investment Research raised shares of SLM Corporation from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a research note on Monday, July 17th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $15.00 target price on shares of SLM Corporation in a research note on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of SLM Corporation in a research note on Friday, July 14th. Finally, BidaskClub raised shares of SLM Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.94.

Shares of SLM Corporation (NASDAQ:SLM) traded down 0.28% on Wednesday, hitting $10.82. 1,467,190 shares of the company were exchanged. SLM Corporation has a 52-week low of $6.93 and a 52-week high of $13.20. The company has a 50-day moving average price of $10.57 and a 200 day moving average price of $11.29. The firm has a market cap of $4.67 billion, a P/E ratio of 17.45 and a beta of 1.22.

SLM Corporation (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, July 19th. The credit services provider reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. SLM Corporation had a net margin of 22.81% and a return on equity of 16.31%. The firm had revenue of $269.89 million for the quarter, compared to analyst estimates of $268.69 million. During the same quarter last year, the firm posted $0.12 earnings per share. SLM Corporation’s revenue for the quarter was up 26.8% compared to the same quarter last year. Analysts predict that SLM Corporation will post $0.72 EPS for the current fiscal year.

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SLM Corporation Company Profile

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.

Institutional Ownership by Quarter for SLM Corporation (NASDAQ:SLM)

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