SLM Corporation (NASDAQ:SLM) has received an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.50.

A number of research firms have issued reports on SLM. Zacks Investment Research raised SLM from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub lowered SLM from a “sell” rating to a “strong sell” rating in a research report on Friday, October 13th. Citigroup began coverage on SLM in a research report on Monday, October 16th. They issued a “buy” rating and a $16.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and issued a $14.50 price target on shares of SLM in a research report on Thursday, September 14th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $13.00 price target on shares of SLM in a research report on Tuesday, September 19th.

In related news, SVP Jonathan Boyles sold 2,776 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $11.65, for a total transaction of $32,340.40. Following the transaction, the senior vice president now owns 173,728 shares in the company, valued at approximately $2,023,931.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Raymond J. Quinlan sold 200,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,080,133 shares in the company, valued at approximately $12,443,132.16. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Dorsey Wright & Associates grew its stake in SLM by 1.2% during the 2nd 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. Aperio Group LLC grew its stake in shares of SLM by 3.9% in the 3rd quarter. Aperio Group LLC now owns 188,045 shares of the credit services provider’s stock valued at $2,157,000 after purchasing an additional 7,129 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of SLM by 7.9% in the 2nd quarter. SG Americas Securities LLC now owns 135,569 shares of the credit services provider’s stock valued at $1,559,000 after purchasing an additional 9,887 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of SLM in the 3rd quarter valued at approximately $115,000. Finally, Mutual of America Capital Management LLC grew its stake in shares of SLM by 3.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 357,472 shares of the credit services provider’s stock valued at $4,111,000 after purchasing an additional 12,017 shares during the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

SLM (NASDAQ:SLM) opened at $11.49 on Thursday. SLM has a 12 month low of $9.65 and a 12 month 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. The stock has a market capitalization of $5,096.30, a PE ratio of 17.10 and a beta of 1.33.

SLM (NASDAQ:SLM) last posted its earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. SLM had a return on equity of 16.63% and a net margin of 22.95%. The firm had revenue of $282.06 million for the quarter, compared to analyst estimates of $282.02 million. During the same quarter in the prior year, the company earned $0.12 EPS. SLM’s revenue was up 26.3% on a year-over-year basis. analysts forecast that SLM will post 0.72 earnings per share for the current year.

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About SLM

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 (NASDAQ:SLM)

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