Wedbush reiterated their outperform rating on shares of SLM Corporation (NASDAQ:SLM) in a research report released on Thursday. They currently have a $14.50 price target on the credit services provider’s stock.
A number of other analysts have also issued reports on the company. Zacks Investment Research raised SLM Corporation from a hold rating to a strong-buy rating and set a $13.00 price target on the stock in a research note on Monday, July 17th. ValuEngine upgraded SLM Corporation from a hold rating to a buy rating in a research report on Friday, June 2nd. FBR & Co reduced their target price on SLM Corporation from $14.00 to $13.00 and set an outperform rating on the stock in a research report on Friday, July 21st. Jefferies Group LLC restated a buy rating and issued a $15.00 target price on shares of SLM Corporation in a research report on Friday, July 14th. Finally, BidaskClub downgraded SLM Corporation from a sell rating to a strong sell rating in a report on Tuesday, July 25th. Two 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’s stock. The company currently has an average rating of Hold and a consensus price target of $12.88.
Shares of SLM Corporation (NASDAQ SLM) traded up 0.56% on Thursday, hitting $10.68. The company had a trading volume of 1,825,011 shares. SLM Corporation has a 52 week low of $6.93 and a 52 week high of $13.20. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 17.23 and a beta of 1.22. The stock’s 50-day moving average is $10.53 and its 200 day moving average is $11.27.
SLM Corporation (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. SLM Corporation had a return on equity of 16.31% and a net margin of 22.81%. The company had revenue of $269.89 million for the quarter, compared to analyst estimates of $268.69 million. During the same period last year, the company earned $0.12 earnings per share. SLM Corporation’s quarterly revenue was up 26.8% compared to the same quarter last year. Equities analysts expect that SLM Corporation will post $0.72 EPS for the current year.
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Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in SLM Corporation by 44.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,438 shares of the credit services provider’s stock valued at $102,000 after buying an additional 2,578 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of SLM Corporation during the first quarter worth $125,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of SLM Corporation during the first quarter worth $163,000. Cadence Capital Management LLC boosted its holdings in shares of SLM Corporation by 0.5% during the first quarter. Cadence Capital Management LLC now owns 15,538 shares of the credit services provider’s stock worth $188,000 after purchasing an additional 81 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of SLM Corporation during the first quarter worth $189,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.
About SLM Corporation
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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