SLM Corp (NASDAQ:SLM)‘s stock had its “sell” rating reiterated by analysts at Off Wall Street in a report released on Monday, May 15th, StockTargetPrices.com reports. They presently have a $8.50 price objective on the credit services provider’s stock. Off Wall Street’s price objective points to a potential downside of 20.63% from the stock’s previous close.

A number of other research firms have also commented on SLM. Jefferies Group LLC restated a “buy” rating and issued a $12.50 price target on shares of SLM Corp in a research report on Thursday, January 19th. Wedbush assumed coverage on shares of SLM Corp in a research report on Monday, January 30th. They set an “outperform” rating and a $13.00 target price on the stock. Zacks Investment Research raised shares of SLM Corp from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Monday, April 24th. TheStreet raised shares of SLM Corp from a “c+” rating to a “b-” rating in a research note on Monday, May 1st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $15.00 price target on shares of SLM Corp in a research note on Friday, April 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. SLM Corp presently has an average rating of “Buy” and an average target price of $11.34.

Analyst Recommendations for SLM Corp (NASDAQ:SLM)

Shares of SLM Corp (NASDAQ:SLM) traded up 1.81% during trading on Monday, reaching $10.71. The company had a trading volume of 3,018,238 shares. SLM Corp has a 52-week low of $5.56 and a 52-week high of $13.20. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 18.12 and a beta of 1.27. The stock has a 50 day moving average of $11.77 and a 200 day moving average of $11.36.

SLM Corp (NASDAQ:SLM) last posted its quarterly earnings data on Wednesday, April 19th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.06. SLM Corp had a net margin of 21.84% and a return on equity of 15.17%. The company had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.24 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue was up 27.7% compared to the same quarter last year. Equities research analysts forecast that SLM Corp will post $0.73 EPS for the current year.

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In related news, EVP Laurent Charles Lutz sold 170,000 shares of SLM Corp stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $13.08, for a total transaction of $2,223,600.00. Following the sale, the executive vice president now directly owns 740,299 shares in the company, valued at approximately $9,683,110.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paul F. Thome sold 19,193 shares of SLM Corp stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $11.77, for a total transaction of $225,901.61. Following the sale, the executive vice president now owns 202,707 shares in the company, valued at $2,385,861.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,293 shares of company stock worth $2,562,069. 0.98% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in SLM Corp by 16,412.5% in the first quarter. BlackRock Inc. now owns 49,038,613 shares of the credit services provider’s stock valued at $593,366,000 after buying an additional 48,741,634 shares during the last quarter. Boston Partners raised its position in SLM Corp by 9.4% in the first quarter. Boston Partners now owns 26,753,064 shares of the credit services provider’s stock valued at $323,712,000 after buying an additional 2,288,089 shares during the last quarter. Vanguard Group Inc. raised its position in SLM Corp by 2.7% in the first quarter. Vanguard Group Inc. now owns 23,780,993 shares of the credit services provider’s stock valued at $287,750,000 after buying an additional 626,211 shares during the last quarter. Wells Fargo & Company MN raised its position in SLM Corp by 28.8% in the first quarter. Wells Fargo & Company MN now owns 12,697,341 shares of the credit services provider’s stock valued at $153,638,000 after buying an additional 2,835,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in SLM Corp by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,454,466 shares of the credit services provider’s stock valued at $90,202,000 after buying an additional 64,956 shares during the last quarter. Hedge funds and other institutional investors own 98.02% of the company’s stock.

SLM Corp 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.

Stock Target Prices

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