Summit Trail Advisors LLC Has $507,000 Stake in SLM Co. (NASDAQ:SLM)

Summit Trail Advisors LLC decreased its stake in shares of SLM Co. (NASDAQ:SLM) by 3.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 18,400 shares of the credit services provider’s stock after selling 586 shares during the quarter. Summit Trail Advisors LLC’s holdings in SLM were worth $507,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC acquired a new stake in SLM during the third quarter worth $31,000. Waldron Private Wealth LLC acquired a new stake in shares of SLM during the 3rd quarter valued at about $31,000. Blue Trust Inc. increased its stake in SLM by 358.7% in the third quarter. Blue Trust Inc. now owns 1,399 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 1,094 shares during the period. Capital Performance Advisors LLP bought a new stake in SLM in the third quarter valued at about $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in SLM in the fourth quarter worth about $86,000. Institutional investors and hedge funds own 98.94% of the company’s stock.

Insider Activity at SLM

In other SLM news, Director Robert S. Strong sold 40,000 shares of SLM stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $28.57, for a total transaction of $1,142,800.00. Following the completion of the sale, the director now owns 43,163 shares of the company’s stock, valued at approximately $1,233,166.91. The trade was a 48.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

SLM Trading Up 0.1 %

SLM opened at $29.11 on Wednesday. SLM Co. has a 1-year low of $19.27 and a 1-year high of $31.49. The firm has a 50-day moving average price of $27.94 and a two-hundred day moving average price of $24.44. The stock has a market capitalization of $6.18 billion, a PE ratio of 10.98, a PEG ratio of 0.81 and a beta of 1.22. The company has a current ratio of 1.32, a quick ratio of 1.27 and a debt-to-equity ratio of 3.37.

SLM (NASDAQ:SLM) last posted its quarterly earnings data on Thursday, January 23rd. The credit services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.06). SLM had a return on equity of 31.66% and a net margin of 20.73%. As a group, equities analysts anticipate that SLM Co. will post 3.07 earnings per share for the current fiscal year.

SLM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Wednesday, March 5th. SLM’s dividend payout ratio (DPR) is presently 19.62%.

Analyst Upgrades and Downgrades

SLM has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on SLM from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Morgan Stanley upped their price target on SLM from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Wedbush reiterated an “outperform” rating and set a $26.00 price objective on shares of SLM in a research note on Thursday, October 24th. Royal Bank of Canada boosted their target price on shares of SLM from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Compass Point increased their target price on shares of SLM from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.82.

About SLM

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.