SLM (SLM) Sets New 1-Year Low at $9.52

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SLM Corp (NASDAQ:SLM) reached a new 52-week low during trading on Thursday . The stock traded as low as $9.52 and last traded at $9.79, with a volume of 146515 shares changing hands. The stock had previously closed at $9.91.

SLM has been the subject of several recent analyst reports. ValuEngine raised SLM from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Zacks Investment Research downgraded SLM from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. BidaskClub downgraded SLM from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Finally, Oppenheimer set a $13.00 price objective on SLM and gave the company a “buy” rating in a report on Sunday, November 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. SLM currently has a consensus rating of “Buy” and a consensus price target of $14.30.

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.86. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 0.50 and a beta of 1.20.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Monday, October 22nd. The credit services provider reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). SLM had a net margin of 22.81% and a return on equity of 18.84%. The business had revenue of $356.63 million during the quarter, compared to the consensus estimate of $350.10 million. During the same quarter last year, the company posted $0.17 EPS. Equities analysts forecast that SLM Corp will post 1.02 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rehmann Capital Advisory Group increased its position in SLM by 1,014.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 7,693 shares of the credit services provider’s stock worth $690,000 after buying an additional 7,003 shares during the period. Virtu Financial LLC bought a new position in SLM during the 3rd quarter worth $114,000. BB&T Corp bought a new position in SLM during the 3rd quarter worth $127,000. Jane Street Group LLC bought a new position in SLM during the 3rd quarter worth $146,000. Finally, BB&T Securities LLC bought a new position in SLM during the 2nd quarter worth $153,000.

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SLM Company Profile (NASDAQ:SLM)

SLM Corporation, together with 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 and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.

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