Ownership Action to Note: SLM Corp Stock Rise in 2016 Q2 Driven by Institutional Investors

November 30, 2016 - By kentuckypostne   ·   0 Comments

Ownership Action to Note: SLM Corp Stock Rise in  2016 Q2 Driven by Institutional Investors

Sentiment for SLM Corp (NASDAQ:SLM)

SLM Corp (NASDAQ:SLM) institutional sentiment decreased to 1.16 in Q2 2016. Its down -0.15, from 1.31 in 2016Q1. The ratio turned negative, as 122 funds increased and opened new equity positions, while 93 cut down and sold their equity positions in SLM Corp. The funds in our partner’s database now possess: 426.22 million shares, up from 399.45 million shares in 2016Q1. Also, the number of funds holding SLM Corp in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 30 Reduced: 63 Increased: 92 New Position: 30.

SLM Corporation is a holding company. The company has a market cap of $4.31 billion. The Company’s primary business is to originate and service loans it makes to students and their families to finance the cost of their education. It has a 17.28 P/E ratio. The Firm is a saving, planning and paying for education company.

About 254,040 shares traded hands. SLM Corp (NASDAQ:SLM) has risen 42.96% since April 27, 2016 and is uptrending. It has outperformed by 37.74% the S&P500.

Analysts await SLM Corp (NASDAQ:SLM) to report earnings on January, 18. They expect $0.15 EPS, down 25.00% or $0.05 from last year’s $0.2 per share. SLM’s profit will be $64.78 million for 16.63 P/E if the $0.15 EPS becomes a reality. After $0.12 actual EPS reported by SLM Corp for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

According to Zacks Investment Research, “SLM Corporation is the one of nation’s largest private sources of funding and servicing support for higher education loans for students and their parents. The company provides a wide range of financial services, processing capabilities and information technology to meet the needs of educational institutions, lenders, students and guarantee agencies.”

Philadelphia Financial Management Of San Francisco Llc holds 4.1% of its portfolio in SLM Corp for 2.89 million shares. Cardinal Capital Management Llc Ct owns 4.30 million shares or 1.32% of their US portfolio. Moreover, Portolan Capital Management Llc has 1.27% invested in the company for 1.43 million shares. The New York-based Hutchin Hill Capital Lp has invested 0.96% in the stock. Channing Capital Management Llc, a Illinois-based fund reported 2.04 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 3 buys, and 1 sale for $13,367 net activity.

SLM Corp (NASDAQ:SLM) Ratings Coverage

Ratings analysis reveals 100% of Sallie Mae’s analysts are positive. Out of 4 Wall Street analysts rating Sallie Mae, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $8 while the high is $11. The stock’s average target of $8.50 is -14.83% below today’s ($9.98) share price. SLM was included in 6 notes of analysts from October 12, 2015. The stock has “Buy” rating given by Goldman Sachs on Wednesday, August 10. The stock of SLM Corp (NASDAQ:SLM) has “Buy” rating given on Wednesday, January 13 by Goldman Sachs. The company was initiated on Thursday, July 14 by Citigroup. Compass Point maintained the stock with “Buy” rating in Monday, October 12 report. Compass Point maintained it with “Buy” rating and $8 target price in Thursday, January 21 report. The firm has “Overweight” rating given on Monday, November 30 by JP Morgan.

SLM Company Profile

SLM Corporation, incorporated on December 2, 2013, is a holding company. The Company’s primary business is to originate and service loans it makes to students and their families to finance the cost of their education. The Firm is a saving, planning and paying for education company. It is engaged in originating and servicing Private Education Loans it makes to students and their families. The Firm uses Private Education Loans to mean education loans to students or their families that are not made, insured or guaranteed by any state or federal government. The Firm also operates Upromise, Inc. (Upromise), a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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