Dodge & Cox Boosts Stake in SLM Corp (SLM) Above 10%
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In a 13G filing this afternoon on SLM Corp. (NYSE: SLM), Dodge & Cox disclosed a 10.5% stake (46,355,982 shares) embattled student loan lender. The firm held 12,926,600 SLM shares at the quarter ended 12/31/07.
Shares of SLM, while significantly lower over the past year, on a failed merger and the credit crunch, have been bouncing off 52-week lows levels recently.
SLM Corporation (Sallie Mae) provides education finance in the United States.
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