SLM Corp (NASDAQ:SLM) has earned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $13.25.
A number of equities research analysts have weighed in on the stock. Wedbush set a $13.00 price target on shares of SLM and gave the company a “buy” rating in a research report on Monday, April 22nd. Zacks Investment Research lowered shares of Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. BidaskClub raised shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Oppenheimer set a $14.00 price objective on shares of SLM and gave the company a “buy” rating in a research note on Sunday, April 21st. Finally, ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Huntington National Bank lifted its stake in SLM by 69.2% in the first quarter. Huntington National Bank now owns 2,890 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 1,182 shares during the last quarter. Twin Tree Management LP purchased a new position in SLM in the first quarter worth approximately $52,000. GAM Holding AG purchased a new position in SLM in the fourth quarter worth approximately $91,000. Cipher Capital LP purchased a new position in SLM in the fourth quarter worth approximately $92,000. Finally, Cleararc Capital Inc. purchased a new position in SLM in the first quarter worth approximately $111,000.
Shares of SLM traded up $0.24 during trading on Friday, reaching $9.62. 1,771,808 shares of the company traded hands, compared to its average volume of 3,189,871. SLM has a twelve month low of $7.95 and a twelve month high of $12.09. The firm has a market cap of $4.16 billion, a PE ratio of 8.99, a PEG ratio of 0.41 and a beta of 1.39. The business’s 50-day moving average is $9.61. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.38 and a current ratio of 1.38.
SLM (NASDAQ:SLM) last announced its quarterly earnings results on Wednesday, April 17th. The credit services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. SLM had a net margin of 25.77% and a return on equity of 20.28%. The business had revenue of $402.28 million during the quarter, compared to analysts’ expectations of $384.70 million. During the same period last year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Sell-side analysts predict that SLM will post 1.26 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 5th. SLM’s payout ratio is 11.21%.
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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