Shares of SLM Corp (NASDAQ:SLM) have been given a consensus recommendation of “Buy” by the ten research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.00.
SLM has been the topic of several recent research reports. Oppenheimer set a $12.00 price objective on SLM and gave the company a “buy” rating in a research report on Friday, July 26th. BidaskClub upgraded SLM from a “hold” rating to a “buy” rating in a research report on Friday. Compass Point downgraded SLM from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. TheStreet downgraded SLM from a “b-” rating to a “c+” rating in a research report on Thursday, August 29th. Finally, ValuEngine upgraded SLM from a “strong sell” rating to a “sell” rating in a research report on Friday, September 20th.
Shares of NASDAQ:SLM traded down $0.23 during trading on Thursday, reaching $8.83. The company had a trading volume of 2,287,100 shares, compared to its average volume of 3,316,463. The stock’s fifty day moving average price is $8.77 and its 200 day moving average price is $9.22. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 0.55 and a beta of 1.42. SLM has a fifty-two week low of $7.76 and a fifty-two week high of $11.53.
SLM (NASDAQ:SLM) last posted its earnings results on Wednesday, October 23rd. The credit services provider reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. The company had revenue of $405.07 million for the quarter, compared to the consensus estimate of $397.58 million. SLM had a return on equity of 20.63% and a net margin of 25.04%. During the same period in the previous year, the business earned $0.23 earnings per share. On average, equities analysts anticipate that SLM will post 1.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.36%. SLM’s dividend payout ratio is currently 11.21%.
Several large investors have recently modified their holdings of SLM. HM Payson & Co. acquired a new position in SLM in the second quarter valued at $46,000. Huntington National Bank increased its stake in SLM by 85.0% in the third quarter. Huntington National Bank now owns 5,314 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 2,442 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in SLM in the second quarter valued at $49,000. Doyle Wealth Management acquired a new position in SLM in the second quarter valued at $51,000. Finally, SRS Capital Advisors Inc. acquired a new position in SLM in the second quarter valued at $53,000. Institutional investors and hedge funds own 98.87% of the company’s stock.
SLM Corporation, through 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 or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
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