Oppenheimer lowered shares of SLM (NASDAQ:SLM) from an outperform rating to a hold rating in a research note released on Thursday, Briefing.com Automated Import reports.
Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of SLM from a sell rating to a hold rating in a report on Friday, January 17th. ValuEngine downgraded shares of SLM from a hold rating to a sell rating in a report on Thursday. Finally, Wedbush reiterated an outperform rating and issued a $13.00 target price on shares of SLM in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. SLM presently has a consensus rating of Hold and an average target price of $13.75.
Shares of SLM stock traded down $0.27 during midday trading on Thursday, reaching $11.48. 8,839,898 shares of the company’s stock traded hands, compared to its average volume of 5,195,012. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43. The company’s 50 day simple moving average is $8.88 and its 200 day simple moving average is $8.83. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.32 and a current ratio of 1.32. SLM has a 52 week low of $7.76 and a 52 week high of $11.84.
SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, January 22nd. The credit services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $419.10 million for the quarter, compared to the consensus estimate of $411.71 million. SLM had a net margin of 24.30% and a return on equity of 20.65%. During the same quarter last year, the firm earned $0.31 EPS. As a group, equities research analysts predict that SLM will post 1.36 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in SLM. Wedge Capital Management L L P NC bought a new position in shares of SLM during the 3rd quarter worth about $31,954,000. Nuveen Asset Management LLC bought a new position in shares of SLM during the 2nd quarter worth about $19,026,000. Point72 Asset Management L.P. increased its holdings in shares of SLM by 102.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 3,276,639 shares of the credit services provider’s stock worth $28,916,000 after purchasing an additional 1,654,621 shares during the period. Mackay Shields LLC increased its holdings in shares of SLM by 189.0% during the 3rd quarter. Mackay Shields LLC now owns 1,783,294 shares of the credit services provider’s stock worth $15,737,000 after purchasing an additional 1,166,133 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of SLM by 75.4% during the 3rd quarter. First Trust Advisors LP now owns 1,301,523 shares of the credit services provider’s stock worth $11,486,000 after purchasing an additional 559,521 shares during the period. Hedge funds and other institutional investors own 98.26% 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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