Wedbush reaffirmed their outperform rating on shares of SLM Corp (NASDAQ:SLM) in a report released on Thursday. The firm currently has a $14.50 target price on the credit services provider’s stock.
A number of other research firms also recently commented on SLM. FBR & Co reaffirmed an outperform rating and set a $13.00 price objective (down from $14.00) on shares of SLM Corp in a report on Thursday, July 20th. Zacks Investment Research raised shares of SLM Corp from a hold rating to a strong-buy rating and set a $13.00 price objective for the company in a report on Monday, July 17th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $15.00 price objective on shares of SLM Corp in a report on Friday, July 14th. Jefferies Group LLC reaffirmed a buy rating and set a $15.00 price objective on shares of SLM Corp in a report on Friday, July 14th. Finally, BidaskClub raised shares of SLM Corp from a strong sell rating to a sell rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $12.88.
Shares of SLM Corp (SLM) opened at 10.71 on Thursday. SLM Corp has a 1-year low of $6.93 and a 1-year high of $13.20. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 17.27 and a beta of 1.22. The company’s 50-day moving average is $10.52 and its 200 day moving average is $11.26.
SLM Corp (NASDAQ:SLM) last released its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $269.89 million during the quarter, compared to the consensus estimate of $268.69 million. SLM Corp had a net margin of 22.81% and a return on equity of 16.31%. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. On average, equities research analysts expect that SLM Corp will post $0.72 EPS for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in SLM. Commerzbank Aktiengesellschaft FI bought a new position in SLM Corp during the 1st quarter valued at about $163,000. Comerica Bank lifted its holdings in SLM Corp by 4.6% during the 1st quarter. Comerica Bank now owns 340,355 shares of the credit services provider’s stock valued at $4,302,000 after purchasing an additional 14,986 shares during the last quarter. Swiss National Bank lifted its holdings in SLM Corp by 0.6% during the 1st quarter. Swiss National Bank now owns 707,592 shares of the credit services provider’s stock valued at $8,562,000 after purchasing an additional 4,100 shares during the last quarter. World Asset Management Inc lifted its holdings in SLM Corp by 1.8% during the 1st quarter. World Asset Management Inc now owns 34,212 shares of the credit services provider’s stock valued at $414,000 after purchasing an additional 589 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in SLM Corp during the 1st quarter valued at about $1,975,000. 98.43% of the stock is owned by hedge funds and other institutional investors.
SLM Corp 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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