Brokerages Set SLM Corp (NASDAQ:SLM) Price Target at $13.40

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SLM Corp (NASDAQ:SLM) has been given an average rating of “Hold” by the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $13.40.

A number of equities analysts have commented on SLM shares. Compass Point lowered shares of SLM from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. BidaskClub upgraded shares of SLM from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. BMO Capital Markets set a $16.00 target price on shares of SLM and gave the stock a “buy” rating in a research report on Friday, July 26th. ValuEngine upgraded shares of SLM from a “strong sell” rating to a “sell” rating in a research report on Friday. Finally, TheStreet lowered shares of SLM from a “b-” rating to a “c+” rating in a research report on Thursday, August 29th.

Several hedge funds have recently made changes to their positions in the company. Boston Partners lifted its position in shares of SLM by 3.2% during the second quarter. Boston Partners now owns 20,246,647 shares of the credit services provider’s stock worth $196,647,000 after purchasing an additional 631,573 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in SLM by 15.2% in the second quarter. Wells Fargo & Company MN now owns 8,196,087 shares of the credit services provider’s stock valued at $79,666,000 after buying an additional 1,078,622 shares during the period. Bayview Asset Management LLC lifted its holdings in SLM by 117.7% in the second quarter. Bayview Asset Management LLC now owns 5,364,807 shares of the credit services provider’s stock valued at $52,146,000 after buying an additional 2,900,911 shares during the period. Geode Capital Management LLC lifted its holdings in SLM by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 4,672,277 shares of the credit services provider’s stock valued at $38,826,000 after buying an additional 307,406 shares during the period. Finally, Northern Trust Corp lifted its holdings in SLM by 6.0% in the second quarter. Northern Trust Corp now owns 3,660,402 shares of the credit services provider’s stock valued at $35,579,000 after buying an additional 205,773 shares during the period. Institutional investors own 98.48% of the company’s stock.

NASDAQ:SLM traded up $0.02 on Wednesday, reaching $9.64. The stock had a trading volume of 4,757,335 shares, compared to its average volume of 3,073,901. The company has a market capitalization of $4.04 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 0.57 and a beta of 1.45. SLM has a 1-year low of $7.76 and a 1-year high of $12.09. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.80. The stock has a fifty day moving average price of $8.61 and a 200-day moving average price of $9.60.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. The firm had revenue of $396.87 million for the quarter, compared to analyst estimates of $401.69 million. SLM had a net margin of 26.18% and a return on equity of 20.44%. During the same period in the previous year, the business earned $0.25 earnings per share. Sell-side analysts predict that SLM will post 1.23 earnings per share for the current fiscal year.

About SLM

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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Analyst Recommendations for SLM (NASDAQ:SLM)

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