Channing Capital Management buys $14,571,583 stake in SLM Corp (SLM)

SLM Corp (SLM) : Channing Capital Management scooped up 109,788 additional shares in SLM Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 2,040,838 shares of SLM Corp which is valued at $14,571,583.SLM Corp makes up approximately 0.59% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in SLM in the latest quarter, The investment management firm added 20,607 additional shares and now holds a total of 927,008 shares of SLM Corp which is valued at $6,618,837. SLM Corp makes up approx 0.01% of California State Teachers Retirement System’s portfolio.North Star Asset Management Inc reduced its stake in SLM by selling 58,845 shares or 44.46% in the most recent quarter. The Hedge Fund company now holds 73,508 shares of SLM which is valued at $528,523. SLM Corp makes up approx 0.06% of North Star Asset Management Inc’s portfolio.Winslow Evans Crocker boosted its stake in SLM in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 312 shares of SLM Corp which is valued at $2,231.

SLM Corp opened for trading at $7.14 and hit $7.26 on the upside on Thursday, eventually ending the session at $7.16, with a gain of 0.28% or 0.02 points. The heightened volatility saw the trading volume jump to 33,60,062 shares. Company has a market cap of $3,065 M.

On the company’s financial health, SLM Corp reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.11. The company had revenue of $212.76 million for the quarter, compared to analysts expectations of $211.43 million. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on SLM Corp. Citigroup Initiated SLM Corp on Jul 14, 2016 to “Buy”, Price Target of the shares are set at $8.50.

SLM Corporation is a holding company. The Company 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 Company also operates a consumer savings network that provides financial rewards on everyday purchases to help families save for college. The Company’s private education loans are made primarily to bridge the gap between the cost of higher education and the amount funded through financial aid federal loans or customers’ resources. The Company’s loans are non-federal loans and loans not insured or guaranteed under the federal family education loan program. It provides incentives for customers to include a cosigner on the loan and also encourages customers to make payments while in school.

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