SLM Co. (NASDAQ:SLM) Receives $18.89 Consensus Price Target from Brokerages

Shares of SLM Co. (NASDAQ:SLMGet Rating) have earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $18.89.

A number of research firms have recently weighed in on SLM. Jefferies Financial Group cut their price target on shares of SLM from $24.00 to $20.00 in a report on Tuesday, October 18th. Stephens lifted their target price on shares of SLM from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, October 28th. StockNews.com started coverage on shares of SLM in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Credit Suisse Group dropped their target price on shares of SLM to $22.00 in a report on Thursday, October 13th. Finally, Morgan Stanley started coverage on shares of SLM in a report on Friday, October 7th. They issued an “underweight” rating and a $15.00 target price on the stock.

Institutional Trading of SLM

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Treasurer of the State of North Carolina boosted its position in shares of SLM by 11.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 114,079 shares of the credit services provider’s stock valued at $1,818,000 after acquiring an additional 11,564 shares in the last quarter. Kendall Capital Management boosted its position in shares of SLM by 3.7% during the 1st quarter. Kendall Capital Management now owns 101,468 shares of the credit services provider’s stock valued at $1,863,000 after acquiring an additional 3,650 shares in the last quarter. Boston Partners boosted its position in shares of SLM by 37.0% during the 1st quarter. Boston Partners now owns 14,965,786 shares of the credit services provider’s stock valued at $273,621,000 after acquiring an additional 4,042,189 shares in the last quarter. GoalVest Advisory LLC acquired a new stake in shares of SLM during the 1st quarter valued at about $551,000. Finally, Natixis Advisors L.P. boosted its position in shares of SLM by 5.7% during the 1st quarter. Natixis Advisors L.P. now owns 441,380 shares of the credit services provider’s stock valued at $8,104,000 after acquiring an additional 23,803 shares in the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.

SLM Stock Down 1.8 %

SLM stock opened at $16.49 on Friday. The company has a market capitalization of $4.13 billion, a P/E ratio of 5.37 and a beta of 1.20. The firm’s fifty day simple moving average is $15.72 and its 200-day simple moving average is $16.20. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.19. SLM has a 1-year low of $13.72 and a 1-year high of $20.88.

SLM (NASDAQ:SLMGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The credit services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.18). The business had revenue of $369.51 million for the quarter, compared to the consensus estimate of $347.69 million. SLM had a net margin of 35.01% and a return on equity of 47.71%. During the same quarter in the prior year, the business posted $0.24 EPS. Sell-side analysts forecast that SLM will post 2.51 earnings per share for the current fiscal year.

SLM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, December 2nd will be given a $0.11 dividend. The ex-dividend date is Thursday, December 1st. This represents a $0.44 annualized dividend and a yield of 2.67%. SLM’s dividend payout ratio is 14.33%.

SLM Company Profile

(Get Rating)

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.

Further Reading

Analyst Recommendations for SLM (NASDAQ:SLM)

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