Shares of SLM Corp (NASDAQ:SLM) have received an average recommendation of “Buy” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $14.66.
Several research analysts have commented on SLM shares. Wedbush decreased their target price on shares of SLM from $14.50 to $14.25 and set an “outperform” rating for the company in a report on Wednesday, May 30th. Wells Fargo & Co set a $14.00 target price on shares of SLM and gave the stock a “buy” rating in a report on Friday, July 6th. Stephens started coverage on shares of SLM in a report on Monday, July 9th. They issued an “overweight” rating and a $15.00 target price for the company. Zacks Investment Research cut shares of SLM from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Finally, ValuEngine cut shares of SLM from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th.
Shares of SLM opened at $11.71 on Friday. SLM has a 12-month low of $9.65 and a 12-month high of $12.46. The company has a market capitalization of $5.15 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 0.60 and a beta of 1.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.41 and a current ratio of 1.41.
SLM (NASDAQ:SLM) last announced its earnings results on Tuesday, July 24th. The credit services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. SLM had a net margin of 21.69% and a return on equity of 18.48%. The company had revenue of $340.95 million during the quarter, compared to analysts’ expectations of $333.28 million. During the same period last year, the company posted $0.16 earnings per share. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. research analysts forecast that SLM will post 1.01 EPS for the current fiscal year.
In related news, EVP Paul F. Thome sold 22,104 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $11.13, for a total transaction of $246,017.52. Following the completion of the sale, the executive vice president now directly owns 183,383 shares in the company, valued at $2,041,052.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of SLM by 19.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,872 shares of the credit services provider’s stock worth $324,000 after purchasing an additional 4,671 shares during the period. Mason Street Advisors LLC boosted its holdings in shares of SLM by 2.3% during the first quarter. Mason Street Advisors LLC now owns 217,756 shares of the credit services provider’s stock worth $2,441,000 after purchasing an additional 4,978 shares during the period. Gator Capital Management LLC boosted its holdings in shares of SLM by 4.2% during the first quarter. Gator Capital Management LLC now owns 149,499 shares of the credit services provider’s stock worth $1,676,000 after purchasing an additional 6,000 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of SLM by 2.4% during the first quarter. Great West Life Assurance Co. Can now owns 252,812 shares of the credit services provider’s stock worth $2,833,000 after purchasing an additional 6,000 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of SLM by 14.3% during the second quarter. SG Americas Securities LLC now owns 60,519 shares of the credit services provider’s stock worth $693,000 after purchasing an additional 7,561 shares during the period. Institutional investors and hedge funds own 99.80% of the company’s stock.
SLM Company Profile
SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.
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