Zurcher Kantonalbank Zurich Cantonalbank Has $249,000 Stake in SLM Corp (SLM)
Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of SLM Corp (NASDAQ:SLM) by 8.0% in the 4th quarter, Holdings Channel reports. The firm owned 30,021 shares of the credit services provider’s stock after purchasing an additional 2,218 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SLM were worth $249,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Calamos Advisors LLC boosted its holdings in SLM by 15.3% in the 4th quarter. Calamos Advisors LLC now owns 3,934,018 shares of the credit services provider’s stock worth $32,692,000 after buying an additional 521,112 shares during the last quarter. Strs Ohio boosted its holdings in SLM by 81.8% in the 4th quarter. Strs Ohio now owns 42,109 shares of the credit services provider’s stock worth $349,000 after buying an additional 18,948 shares during the last quarter. BB&T Corp boosted its holdings in SLM by 25.3% in the 4th quarter. BB&T Corp now owns 14,177 shares of the credit services provider’s stock worth $118,000 after buying an additional 2,863 shares during the last quarter. Virtu Financial LLC boosted its holdings in SLM by 22.1% in the 4th quarter. Virtu Financial LLC now owns 12,450 shares of the credit services provider’s stock worth $103,000 after buying an additional 2,257 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in SLM in the 4th quarter worth about $192,000.
SLM has been the topic of several recent research reports. TheStreet upgraded SLM from a “c+” rating to a “b-” rating in a report on Monday, January 28th. Wedbush restated an “outperform” rating on shares of SLM in a report on Tuesday, January 29th. BMO Capital Markets upgraded SLM from a “market perform” rating to an “outperform” rating in a report on Friday, January 25th. ValuEngine upgraded SLM from a “strong sell” rating to a “sell” rating in a report on Thursday, January 24th. Finally, Zacks Investment Research upgraded SLM from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $13.18.
SLM (NASDAQ:SLM) last released 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. The firm had revenue of $382.87 million for the quarter, compared to analyst estimates of $367.40 million. SLM had a net margin of 26.07% and a return on equity of 20.05%. The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 EPS. Equities research analysts predict that SLM Corp will post 1.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, March 4th.
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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