BidaskClub Lowers SLM (SLM) to Strong Sell

SLM (NASDAQ:SLM) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of SLM from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Thursday, January 11th. Jefferies Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of SLM in a report on Thursday, January 11th. FBR & Co set a $13.00 price objective on shares of SLM and gave the stock a “buy” rating in a report on Thursday, October 19th. Citigroup assumed coverage on shares of SLM in a report on Monday, October 16th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $16.00 price objective on shares of SLM in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. SLM currently has an average rating of “Buy” and a consensus target price of $14.30.

SLM (NASDAQ SLM) traded down $0.07 during trading hours on Friday, reaching $11.16. 8,535,039 shares of the company traded hands, compared to its average volume of 3,017,868. SLM has a 52-week low of $9.65 and a 52-week high of $13.20. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.37 and a quick ratio of 1.33. The firm has a market capitalization of $4,819.89, a price-to-earnings ratio of 18.00, a PEG ratio of 0.53 and a beta of 1.33.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. SLM had a net margin of 20.23% and a return on equity of 16.65%. The firm had revenue of $309.19 million during the quarter, compared to analyst estimates of $299.64 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. equities research analysts expect that SLM will post 0.99 earnings per share for the current fiscal year.

In related news, CEO Raymond J. Quinlan sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were 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 document filed with the SEC, which is accessible through the SEC website. Also, SVP Jonathan Boyles sold 2,776 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $11.65, for a total transaction 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. Company insiders own 0.59% of the company’s stock.

Several institutional investors have recently modified their holdings of SLM. Mutual of America Capital Management LLC increased its holdings in shares of SLM by 3.5% in the second 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 in the last quarter. Aperio Group LLC increased its holdings in shares of SLM by 3.9% in the third 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 in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of SLM in the third quarter valued at approximately $666,000. Canada Pension Plan Investment Board acquired a new stake in shares of SLM in the third quarter valued at approximately $1,248,000. Finally, Rhumbline Advisers increased its holdings in shares of SLM by 16.9% in the third quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock valued at $10,431,000 after purchasing an additional 131,348 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

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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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