SLM Corp (NASDAQ:SLM) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $13.60.
SLM has been the topic of a number of analyst reports. Zacks Investment Research cut shares of SLM from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. ValuEngine raised shares of SLM from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. BidaskClub cut shares of SLM from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 26th. Oppenheimer set a $14.00 price objective on shares of SLM and gave the stock a “buy” rating in a research note on Sunday, April 21st. Finally, BMO Capital Markets raised shares of SLM from a “market perform” rating to an “outperform” rating in a research note on Friday, January 25th.
Shares of NASDAQ SLM opened at $10.02 on Thursday. The company has a market cap of $4.32 billion, a PE ratio of 9.36, a PEG ratio of 0.41 and a beta of 1.47. SLM has a 12 month low of $7.95 and a 12 month high of $12.16. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.38 and a current ratio of 1.38.
SLM (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, April 17th. The credit services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $402.28 million for the quarter, compared to analysts’ expectations of $384.70 million. SLM had a net margin of 25.77% and a return on equity of 20.28%. The business’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. As a group, analysts forecast that SLM will post 1.26 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.20%. SLM’s dividend payout ratio (DPR) is 11.21%.
In other news, EVP Paul F. Thome sold 25,000 shares of the stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $11.10, for a total transaction of $277,500.00. Following the transaction, the executive vice president now owns 208,049 shares in the company, valued at approximately $2,309,343.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jonathan Boyles sold 68,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $11.20, for a total value of $761,600.00. Following the transaction, the senior vice president now owns 67,679 shares in the company, valued at approximately $758,004.80. The disclosure for this sale can be found here. Insiders have sold a total of 93,805 shares of company stock worth $1,047,625 in the last quarter. Insiders own 0.45% of the company’s stock.
Several large investors have recently made changes to their positions in SLM. Norges Bank purchased a new position in shares of SLM during the 4th quarter valued at approximately $22,405,000. Bayview Asset Management LLC purchased a new position in shares of SLM during the 4th quarter valued at approximately $20,475,000. CI Investments Inc. lifted its holdings in SLM by 33.8% in the 4th quarter. CI Investments Inc. now owns 9,058,926 shares of the credit services provider’s stock valued at $75,280,000 after purchasing an additional 2,289,626 shares in the last quarter. BlackRock Inc. lifted its holdings in SLM by 4.4% in the 4th quarter. BlackRock Inc. now owns 43,240,757 shares of the credit services provider’s stock valued at $359,332,000 after purchasing an additional 1,823,633 shares in the last quarter. Finally, Portolan Capital Management LLC lifted its holdings in SLM by 80.3% in the 4th quarter. Portolan Capital Management LLC now owns 3,875,937 shares of the credit services provider’s stock valued at $32,209,000 after purchasing an additional 1,726,393 shares in the last quarter.
SLM Company Profile
SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
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