Shares of SLM Corporation (NASDAQ:SLM) have received an average recommendation of “Hold” from the twelve analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.50.
A number of analysts have weighed in on SLM shares. BidaskClub upgraded SLM Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research cut SLM Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Jefferies Group LLC restated a “buy” rating and issued a $15.00 price target on shares of SLM Corporation in a research note on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $15.00 price objective on shares of SLM Corporation in a report on Friday, July 14th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $13.00 price objective (down previously from $14.00) on shares of SLM Corporation in a report on Thursday, July 20th.
Shares of SLM Corporation (NASDAQ:SLM) traded up 1.87% on Wednesday, hitting $11.47. The stock had a trading volume of 2,581,192 shares. The stock has a 50 day moving average of $10.82 and a 200 day moving average of $11.13. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 18.50 and a beta of 1.25. SLM Corporation has a 12-month low of $6.93 and a 12-month high of $13.20.
SLM Corporation (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.17. SLM Corporation had a return on equity of 16.31% and a net margin of 22.81%. The company had revenue of $282.06 million for the quarter, compared to analysts’ expectations of $282.02 million. During the same period last year, the firm earned $0.12 earnings per share. SLM Corporation’s quarterly revenue was up 26.3% on a year-over-year basis. Equities analysts predict that SLM Corporation will post $0.72 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in SLM. Envestnet Asset Management Inc. lifted its position in shares of SLM Corporation by 44.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,438 shares of the credit services provider’s stock valued at $102,000 after acquiring an additional 2,578 shares during the period. HighTower Advisors LLC acquired a new stake in shares of SLM Corporation during the 1st quarter valued at approximately $125,000. Meeder Asset Management Inc. acquired a new stake in shares of SLM Corporation during the 1st quarter valued at approximately $189,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of SLM Corporation during the 1st quarter valued at approximately $392,000. Finally, KCG Holdings Inc. lifted its position in shares of SLM Corporation by 81.6% during the 1st quarter. KCG Holdings Inc. now owns 39,880 shares of the credit services provider’s stock valued at $483,000 after acquiring an additional 17,916 shares during the period. 98.40% of the stock is currently owned by institutional investors.
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SLM Corporation Company Profile
SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.
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