Shares of SLM Corp (NASDAQ:SLM) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $14.33.
A number of research analysts have recently issued reports on SLM shares. Oppenheimer downgraded SLM from an “outperform” rating to a “hold” rating in a research note on Thursday. Wedbush reissued an “outperform” rating and issued a $13.00 price objective on shares of SLM in a research note on Thursday. Citigroup boosted their price objective on SLM from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Friday. ValuEngine downgraded SLM from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, BidaskClub raised SLM from a “sell” rating to a “hold” rating in a research note on Friday, January 17th.
Shares of NASDAQ:SLM traded down $0.27 during midday trading on Tuesday, reaching $11.48. The company’s stock had a trading volume of 8,839,886 shares, compared to its average volume of 5,195,012. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.51 and a beta of 1.43. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a 50 day moving average price of $8.88 and a two-hundred day moving average price of $8.83. SLM has a fifty-two week low of $7.76 and a fifty-two week high of $11.84.
SLM (NASDAQ:SLM) last announced its quarterly earnings data on Wednesday, January 22nd. The credit services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $419.10 million for the quarter, compared to the consensus estimate of $411.71 million. SLM had a return on equity of 20.65% and a net margin of 24.30%. During the same period in the previous year, the business earned $0.31 EPS. As a group, research analysts anticipate that SLM will post 1.36 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the stock. Voya Financial Advisors Inc. increased its holdings in SLM by 6.7% during the 3rd quarter. Voya Financial Advisors Inc. now owns 23,214 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 1,453 shares in the last quarter. Brinker Capital Inc. increased its holdings in SLM by 10.7% during the 3rd quarter. Brinker Capital Inc. now owns 19,511 shares of the credit services provider’s stock worth $172,000 after purchasing an additional 1,881 shares in the last quarter. Huntington National Bank increased its holdings in SLM by 85.0% during the 3rd quarter. Huntington National Bank now owns 5,314 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 2,442 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in SLM by 6.5% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 42,500 shares of the credit services provider’s stock worth $375,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in SLM during the 4th quarter worth approximately $25,000. 98.26% of the stock is currently owned by institutional investors and hedge funds.
SLM Company Profile
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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