SLM Corporation (NASDAQ:SLM) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.

Several other analysts have also commented on the stock. FBR & Co set a $13.00 target price on shares of SLM Corporation and gave the company a “buy” rating in a research note on Thursday. Citigroup Inc. began coverage on shares of SLM Corporation in a research note on Monday, October 16th. They set a “buy” rating and a $16.00 target price for the company. Zacks Investment Research raised shares of SLM Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BMO Capital Markets reissued a “hold” rating and set a $12.00 target price on shares of SLM Corporation in a research note on Friday, October 6th. Finally, Wedbush reissued an “outperform” rating and set a $14.50 target price on shares of SLM Corporation in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. SLM Corporation presently has a consensus rating of “Hold” and an average price target of $13.44.

Shares of SLM Corporation (NASDAQ SLM) traded up 2.43% on Friday, hitting $10.95. The company had a trading volume of 7,593,018 shares. The stock has a market cap of $4.73 billion, a PE ratio of 17.66 and a beta of 1.25. The company has a 50-day moving average of $10.95 and a 200 day moving average of $11.11. SLM Corporation has a 12 month low of $6.93 and a 12 month high of $13.20.

SLM Corporation (NASDAQ:SLM) last released its earnings results on Wednesday, October 18th. The credit services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. SLM Corporation had a net margin of 22.95% and a return on equity of 16.63%. The business had revenue of $282.06 million during the quarter, compared to analyst estimates of $282.02 million. During the same period in the prior year, the business earned $0.12 earnings per share. The business’s quarterly revenue was up 26.3% on a year-over-year basis. Analysts anticipate that SLM Corporation will post $0.72 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of SLM. AQR Capital Management LLC lifted its position in shares of SLM Corporation by 249.2% in the 1st quarter. AQR Capital Management LLC now owns 2,274,643 shares of the credit services provider’s stock valued at $27,523,000 after acquiring an additional 1,623,204 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of SLM Corporation by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 23,780,993 shares of the credit services provider’s stock valued at $287,750,000 after acquiring an additional 626,211 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of SLM Corporation by 90.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 885,675 shares of the credit services provider’s stock valued at $10,717,000 after acquiring an additional 420,300 shares in the last quarter. Janus Capital Management LLC lifted its position in shares of SLM Corporation by 19.7% in the 1st quarter. Janus Capital Management LLC now owns 1,761,003 shares of the credit services provider’s stock valued at $21,308,000 after acquiring an additional 290,290 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of SLM Corporation by 6.8% in the 1st quarter. Geode Capital Management LLC now owns 3,509,889 shares of the credit services provider’s stock valued at $42,469,000 after acquiring an additional 223,357 shares in the last quarter. Institutional investors and hedge funds own 98.40% of the company’s stock.

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.

Analyst Recommendations for SLM Corporation (NASDAQ:SLM)

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