Investment analysts at Citigroup began coverage on shares of SLM (NASDAQ:SLM) in a note issued to investors on Monday, January 8th, The Fly reports. The brokerage set an “outperform” rating and a $17.00 price target on the credit services provider’s stock. Citigroup’s target price would indicate a potential upside of 48.21% from the company’s current price.
Several other analysts have also recently commented on SLM. Oppenheimer initiated coverage on SLM in a research report on Monday, January 8th. They issued an “outperform” rating and a $17.00 target price on the stock. BMO Capital Markets restated a “hold” rating and issued a $15.00 target price on shares of SLM in a research report on Thursday, January 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 price target on shares of SLM in a research report on Friday, December 22nd. BidaskClub upgraded SLM from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research upgraded SLM from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $14.44.
Shares of SLM (NASDAQ:SLM) traded down $0.24 during midday trading on Monday, hitting $11.47. The company had a trading volume of 2,334,288 shares, compared to its average volume of 3,670,110. The company has a market cap of $4,950.00, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 0.56 and a beta of 1.32. SLM has a 1-year low of $9.65 and a 1-year high of $13.20. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35.
SLM (NASDAQ:SLM) last announced its quarterly earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $282.06 million for the quarter, compared to the consensus estimate of $282.02 million. SLM had a return on equity of 16.63% and a net margin of 22.95%. The business’s revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. equities research analysts forecast that SLM will post 0.72 earnings per share for the current year.
In other news, CEO Raymond J. Quinlan sold 200,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $11.52, for a total value of $2,304,000.00. Following the completion of the sale, the chief executive officer now owns 1,080,133 shares of the company’s stock, valued at $12,443,132.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jonathan Boyles sold 2,776 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $11.65, for a total value of $32,340.40. Following the completion of the sale, the senior vice president now directly owns 173,728 shares of the company’s stock, valued at approximately $2,023,931.20. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in SLM during the third quarter valued at $115,000. Crossmark Global Holdings Inc. acquired a new stake in shares of SLM in the third quarter worth about $666,000. Canada Pension Plan Investment Board acquired a new stake in shares of SLM in the third quarter worth about $1,248,000. SG Americas Securities LLC lifted its position in shares of SLM by 26.0% in the third quarter. SG Americas Securities LLC now owns 170,874 shares of the credit services provider’s stock worth $1,960,000 after buying an additional 35,305 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its position in shares of SLM by 1.2% in the second quarter. Dorsey Wright & Associates now owns 185,539 shares of the credit services provider’s stock worth $2,134,000 after buying an additional 2,245 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.
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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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