SLM (NASDAQ:SLM) Stock Rating Reaffirmed by Credit Suisse Group

Credit Suisse Group reaffirmed their buy rating on shares of SLM (NASDAQ:SLM) in a report published on Thursday, AnalystRatings.com reports. They currently have a $14.50 target price on the credit services provider’s stock.

A number of other research firms have also weighed in on SLM. Oppenheimer lowered shares of SLM from an outperform rating to a hold rating in a research report on Thursday, January 23rd. Citigroup boosted their price target on shares of SLM from $11.00 to $14.00 and gave the stock a buy rating in a research report on Friday, January 24th. ValuEngine lowered shares of SLM from a hold rating to a sell rating in a research report on Thursday, January 23rd. TheStreet upgraded shares of SLM from a c+ rating to a b- rating in a report on Wednesday, February 5th. Finally, BidaskClub upgraded shares of SLM from a sell rating to a hold rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. SLM currently has an average rating of Hold and a consensus price target of $13.90.

SLM traded up $0.14 on Thursday, reaching $12.06. 4,457,300 shares of the company’s stock were exchanged, compared to its average volume of 4,945,135. The stock has a market cap of $5.03 billion, a PE ratio of 9.28, a P/E/G ratio of 0.56 and a beta of 1.36. SLM has a twelve month low of $7.76 and a twelve month high of $12.09. The stock’s fifty day moving average price is $9.89 and its 200-day moving average price is $9.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, January 22nd. The credit services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $419.10 million for the quarter, compared to analyst estimates of $411.71 million. SLM had a net margin of 24.30% and a return on equity of 20.27%. During the same period in the previous year, the business posted $0.31 earnings per share. As a group, research analysts predict that SLM will post 1.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, March 6th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.12 annualized dividend and a yield of 1.00%. SLM’s payout ratio is 9.45%.

In other SLM news, Director Earl A. Goode sold 7,323 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $11.24, for a total value of $82,310.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.45% of the company’s stock.

A number of large investors have recently bought and sold shares of SLM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in SLM in the 4th quarter valued at about $25,000. FNY Investment Advisers LLC purchased a new stake in shares of SLM in the 4th quarter valued at approximately $31,000. Huntington National Bank raised its stake in shares of SLM by 85.0% in the 3rd quarter. Huntington National Bank now owns 5,314 shares of the credit services provider’s stock valued at $47,000 after acquiring an additional 2,442 shares during the period. Advisor Group Inc. raised its stake in shares of SLM by 40.7% in the 4th quarter. Advisor Group Inc. now owns 6,449 shares of the credit services provider’s stock valued at $58,000 after acquiring an additional 1,864 shares during the period. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in shares of SLM in the 4th quarter valued at approximately $64,000. Institutional investors own 98.09% of the company’s stock.

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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