SLM Co. (NASDAQ:SLM) Receives $23.00 Consensus Price Target from Analysts

SLM Co. (NASDAQ:SLMGet Rating) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $23.00.

A number of brokerages have commented on SLM. Citigroup decreased their price objective on SLM from $26.00 to $21.00 in a research report on Monday, May 2nd. StockNews.com began coverage on SLM in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Stephens lowered SLM from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $24.00 to $19.00 in a research report on Monday, April 18th.

Shares of SLM opened at $15.67 on Tuesday. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 7.22 and a beta of 1.21. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.24 and a current ratio of 1.24. The business’s fifty day moving average price is $17.42 and its two-hundred day moving average price is $18.29. SLM has a 52 week low of $14.60 and a 52 week high of $21.40.

SLM (NASDAQ:SLMGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The credit services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.31). The firm had revenue of $375.03 million during the quarter, compared to the consensus estimate of $375.59 million. SLM had a net margin of 31.67% and a return on equity of 34.38%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.77 earnings per share. As a group, research analysts forecast that SLM will post 2.92 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Friday, June 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $0.44 annualized dividend and a dividend yield of 2.81%. SLM’s dividend payout ratio is currently 20.28%.

Several large investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in SLM by 3.2% during the third quarter. Wellington Management Group LLP now owns 786,637 shares of the credit services provider’s stock worth $13,845,000 after acquiring an additional 24,070 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in SLM by 567.6% during the third quarter. Voloridge Investment Management LLC now owns 708,688 shares of the credit services provider’s stock worth $12,473,000 after acquiring an additional 602,533 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in SLM by 4,590.4% during the third quarter. Squarepoint Ops LLC now owns 531,421 shares of the credit services provider’s stock worth $9,353,000 after acquiring an additional 520,091 shares in the last quarter. Janus Henderson Group PLC bought a new position in SLM during the third quarter worth about $481,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in SLM during the third quarter worth about $261,000. Institutional investors and hedge funds own 92.97% of the company’s stock.

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.

Read More

Analyst Recommendations for SLM (NASDAQ:SLM)

Receive News & Ratings for SLM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM and related companies with MarketBeat.com's FREE daily email newsletter.