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

SLM Corp (NASDAQ:SLM) has been given a consensus rating of “Hold” by the ten analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $13.40.

A number of analysts have commented on SLM shares. ValuEngine upgraded shares of SLM from a “strong sell” rating to a “sell” rating in a research note on Friday, September 20th. BidaskClub lowered shares of SLM from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, TheStreet lowered shares of SLM from a “b-” rating to a “c+” rating in a research note on Thursday, August 29th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Man Group plc boosted its holdings in SLM by 245.9% during the 3rd quarter. Man Group plc now owns 105,500 shares of the credit services provider’s stock worth $931,000 after acquiring an additional 75,000 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new position in SLM during the 3rd quarter worth $278,000. Banco de Sabadell S.A boosted its holdings in shares of SLM by 3.1% in the 3rd quarter. Banco de Sabadell S.A now owns 234,497 shares of the credit services provider’s stock worth $2,107,000 after buying an additional 7,050 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of SLM by 102.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 3,276,639 shares of the credit services provider’s stock worth $28,916,000 after buying an additional 1,654,621 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in SLM during the third quarter valued at about $128,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

SLM stock traded up $0.17 during midday trading on Monday, reaching $8.57. 8,642,322 shares of the company’s stock traded hands, compared to its average volume of 3,398,163. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 8.01, a P/E/G ratio of 0.53 and a beta of 1.41. The firm’s fifty day moving average price is $8.66 and its 200-day moving average price is $9.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.65. SLM has a 52 week low of $7.76 and a 52 week high of $11.53.

SLM (NASDAQ:SLM) last announced its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. The business had revenue of $405.07 million during the quarter, compared to analyst estimates of $397.58 million. SLM had a net margin of 25.04% and a return on equity of 20.63%. During the same quarter in the previous year, the business posted $0.23 EPS. Analysts forecast that SLM will post 1.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Thursday, December 5th. SLM’s dividend payout ratio is 11.21%.

SLM Company Profile

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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