SLM Corp (NASDAQ:SLM) – Jefferies Group cut their Q1 2018 EPS estimates for SLM in a research report issued on Thursday. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will post earnings of $0.25 per share for the quarter, down from their prior estimate of $0.26. Jefferies Group has a “Buy” rating and a $16.00 price target on the stock. Jefferies Group also issued estimates for SLM’s Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.99 EPS.
Several other brokerages have also commented on SLM. Zacks Investment Research upgraded shares of SLM from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Thursday, January 11th. Citigroup assumed coverage on shares of SLM in a research note on Monday, January 8th. They issued an “outperform” rating and a $17.00 price target on the stock. Oppenheimer assumed coverage on shares of SLM in a report on Monday, January 8th. They issued an “outperform” rating and a $17.00 price objective for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 price objective on shares of SLM in a report on Friday, December 22nd. Finally, BidaskClub upgraded shares of SLM from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. 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. SLM currently has a consensus rating of “Buy” and a consensus price target of $14.30.
SLM (NASDAQ:SLM) last announced its quarterly earnings results on Wednesday, January 17th. The credit services provider reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. SLM had a net margin of 20.23% and a return on equity of 16.65%. The company had revenue of $309.19 million for the quarter, compared to analyst estimates of $299.64 million. During the same quarter last year, the business earned $0.15 earnings per share.
Large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new position in SLM in the 3rd quarter worth approximately $115,000. State of Alaska Department of Revenue acquired a new position in SLM in the 4th quarter worth approximately $289,000. Fox Run Management L.L.C. acquired a new position in SLM in the 4th quarter worth approximately $650,000. Crossmark Global Holdings Inc. acquired a new position in SLM in the 3rd quarter worth approximately $666,000. Finally, Canada Pension Plan Investment Board acquired a new position in SLM in the 3rd quarter worth approximately $1,248,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.
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 transaction of $2,304,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,080,133 shares in the company, valued at $12,443,132.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the senior vice president now owns 173,728 shares of the company’s stock, valued at $2,023,931.20. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.
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SLM 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.
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