Fintel reports that BlackRock Inc. has filed a 13G form with the SEC disclosing ownership of 22.05MM shares of SLM Corp (SLM). This represents 8.8% of the company.
In their previous filing dated February 1, 2022 they reported 24.47MM shares and 8.30% of the company, a decrease in shares of 9.88% and an increase in total ownership of 0.50% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 16.02% Upside
As of January 24, 2023, the average one-year price target for SLM is $19.55. The forecasts range from a low of $15.15 to a high of $23.10. The average price target represents an increase of 16.02% from its latest reported closing price of $16.85.
The projected annual revenue for SLM is $1,468MM, a decrease of -12.72%. The projected annual EPS is $2.64, a decrease of -16.01%.
Fund Sentiment
There are 831 funds or institutions reporting positions in SLM Corp. This is a decrease of 12 owner(s) or 1.42%.
Average portfolio weight of all funds dedicated to SLM Corp is 0.2506%, an increase of 4.3094%. Total shares owned by institutions decreased in the last three months by 4.23% to 292,539,460 shares.
What are large shareholders doing?
Impactive Capital LP holds 22,593,389 shares representing 9.03% ownership of the company. In it's prior filing, the firm reported owning 20,512,599 shares, representing an increase of 9.21%. The firm increased its portfolio allocation in SLM by 11.60% over the last quarter.
Massachusetts Financial Services Co /ma/ holds 18,862,528 shares representing 7.54% ownership of the company. In it's prior filing, the firm reported owning 20,007,968 shares, representing a decrease of 6.07%. The firm decreased its portfolio allocation in SLM by 10.27% over the last quarter.
Ubs Asset Management Americas Inc holds 14,797,472 shares representing 5.91% ownership of the company. In it's prior filing, the firm reported owning 15,092,528 shares, representing a decrease of 1.99%. The firm decreased its portfolio allocation in SLM by 7.83% over the last quarter.
Boston Partners holds 12,050,421 shares representing 4.82% ownership of the company. In it's prior filing, the firm reported owning 15,296,464 shares, representing a decrease of 26.94%. The firm decreased its portfolio allocation in SLM by 26.29% over the last quarter.
Hotchkis & Wiley Capital Management Llc holds 6,106,498 shares representing 2.44% ownership of the company. In it's prior filing, the firm reported owning 4,704,153 shares, representing an increase of 22.96%. The firm increased its portfolio allocation in SLM by 23.03% over the last quarter.
SLM Declares $0.11 Dividend
SLM said on October 25, 2022 that its board of directors declared a regular quarterly dividend of $0.11 per share ($0.44 annualized). Shareholders of record as of December 1, 2022 received the payment on December 15, 2022. Previously, the company paid $0.11 per share.
At the most recent share price of $16.85 / share, the stock's dividend yield was 2.61%. Additionally, the company's dividend payout ratio is 0.13, indicating it is retaining a low percentage of its earnings to reinvest in growth opportunities.
The company's 3-Year dividend growth rate is 2.67%, demonstrating that it is increasing its dividends over time.
SLM Corp. Background Information
(This description is provided by the company.)
Sallie Mae believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, the company provides financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
