SLM (NASDAQ:SLM) has been assigned a $17.00 target price by investment analysts at Oppenheimer in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the credit services provider’s stock. Oppenheimer’s price target points to a potential upside of 52.33% from the company’s previous close.
SLM has been the topic of several other reports. FBR & Co set a $13.00 target price on SLM and gave the stock a “buy” rating in a report on Thursday, October 19th. BMO Capital Markets reaffirmed a “hold” rating and issued a $12.00 target price on shares of SLM in a report on Friday, October 6th. BidaskClub raised SLM from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research cut SLM from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, B. Riley reaffirmed a “buy” rating and issued a $13.00 target price (down from $14.00) on shares of SLM in a report on Thursday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. SLM presently has an average rating of “Buy” and a consensus price target of $14.30.
SLM (NASDAQ SLM) traded down $0.07 during trading hours on Thursday, reaching $11.16. The company’s stock had a trading volume of 8,566,149 shares, compared to its average volume of 4,563,031. 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 company has a market capitalization of $4,820.00, a PE ratio of 18.00, a PEG ratio of 0.53 and a beta of 1.32. SLM has a twelve month low of $9.65 and a twelve month high of $13.20.
SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, January 17th. The credit services provider reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. The business had revenue of $309.19 million for the quarter, compared to analysts’ expectations of $299.64 million. SLM had a return on equity of 16.93% and a net margin of 20.23%. During the same period last year, the firm earned $0.15 earnings per share. research analysts forecast that SLM will post 1.03 EPS for the current year.
In other SLM news, SVP Jonathan Boyles sold 2,776 shares of the business’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 sale, the senior vice president now directly owns 173,728 shares of the company’s stock, valued at $2,023,931.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Raymond J. Quinlan sold 200,000 shares of the business’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 sale, the chief executive officer now directly owns 1,080,133 shares in the company, valued at $12,443,132.16. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers boosted its position in shares of SLM by 16.9% during the third quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock valued at $10,431,000 after buying an additional 131,348 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of SLM during the third quarter valued at approximately $1,248,000. Schwab Charles Investment Management Inc. boosted its position in shares of SLM by 4.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,314,685 shares of the credit services provider’s stock valued at $26,156,000 after buying an additional 95,102 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of SLM during the third quarter valued at approximately $666,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of SLM during the fourth quarter valued at approximately $650,000. 99.24% of the stock is currently owned by institutional investors.
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.