SLM Corp (NASDAQ:SLM) Receives $13.40 Consensus Price Target from Analysts

Shares of SLM Corp (NASDAQ:SLM) have received an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $13.40.

Several research firms have weighed in on SLM. Zacks Investment Research downgraded shares of SLM from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. BidaskClub upgraded shares of SLM from a “strong sell” rating to a “sell” rating in a report on Friday, June 28th. Compass Point downgraded shares of SLM from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Wedbush set a $13.00 price objective on shares of SLM and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, BMO Capital Markets set a $16.00 price objective on shares of SLM and gave the stock a “buy” rating in a report on Friday, July 26th.

Hedge funds have recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its holdings in SLM by 5.8% during the first quarter. Oppenheimer & Co. Inc. now owns 19,230 shares of the credit services provider’s stock worth $191,000 after buying an additional 1,048 shares during the last quarter. Kendall Capital Management increased its holdings in SLM by 1.8% during the first quarter. Kendall Capital Management now owns 62,210 shares of the credit services provider’s stock worth $617,000 after buying an additional 1,110 shares during the last quarter. Huntington National Bank increased its holdings in SLM by 69.2% during the first quarter. Huntington National Bank now owns 2,890 shares of the credit services provider’s stock worth $29,000 after buying an additional 1,182 shares during the last quarter. First Hawaiian Bank increased its holdings in SLM by 1.8% during the first quarter. First Hawaiian Bank now owns 69,000 shares of the credit services provider’s stock worth $684,000 after buying an additional 1,200 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in SLM by 1.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 80,760 shares of the credit services provider’s stock worth $785,000 after buying an additional 1,340 shares during the last quarter.

NASDAQ SLM traded down $0.12 on Tuesday, hitting $8.85. 2,999,539 shares of the company were exchanged, compared to its average volume of 3,712,769. The stock has a market capitalization of $3.83 billion, a P/E ratio of 8.27, a PEG ratio of 0.54 and a beta of 1.41. SLM has a 12 month low of $7.95 and a 12 month high of $12.09. The stock’s fifty day moving average is $9.47. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.37 and a current ratio of 1.37.

SLM (NASDAQ:SLM) last issued its earnings results on Wednesday, July 24th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. SLM had a net margin of 26.18% and a return on equity of 20.44%. The business had revenue of $396.87 million for the quarter, compared to analyst estimates of $401.69 million. During the same period in the prior year, the firm earned $0.25 earnings per share. As a group, research analysts anticipate that SLM will post 1.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be issued a $0.03 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.36%. SLM’s dividend payout ratio is currently 11.21%.

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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