SLM Corp (SLM) Given Consensus Rating of “Buy” by Analysts
SLM Corp (NASDAQ:SLM) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.80.
SLM has been the topic of a number of analyst reports. Zacks Investment Research restated a “buy” rating and issued a $9.00 price objective on shares of SLM in a research report on Monday, December 31st. BidaskClub upgraded shares of SLM from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 25th. Wedbush restated an “outperform” rating on shares of SLM in a research report on Tuesday, January 29th. ValuEngine cut shares of SLM from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, TheStreet cut shares of SLM from a “b” rating to a “c+” rating in a research report on Thursday, January 10th.
SLM stock traded down $0.13 during mid-day trading on Friday, hitting $10.57. The company’s stock had a trading volume of 3,459,137 shares, compared to its average volume of 3,459,740. The company has a quick ratio of 1.41, a current ratio of 0.21 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $4.95 billion, a PE ratio of 10.72, a P/E/G ratio of 0.47 and a beta of 1.50. SLM has a 12 month low of $7.95 and a 12 month high of $12.46.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Monday, March 4th.
In related news, SVP Jonathan Boyles sold 68,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $11.20, for a total transaction of $761,600.00. Following the transaction, the senior vice president now owns 67,679 shares in the company, valued at $758,004.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul F. Thome sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $11.10, for a total transaction of $277,500.00. Following the transaction, the executive vice president now owns 208,049 shares in the company, valued at approximately $2,309,343.90. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in SLM. Doyle Wealth Management purchased a new stake in SLM in the fourth quarter worth about $44,000. Pearl River Capital LLC purchased a new stake in SLM in the fourth quarter worth about $48,000. Quantamental Technologies LLC purchased a new stake in SLM in the fourth quarter worth about $65,000. Shufro Rose & Co. LLC purchased a new stake in SLM in the fourth quarter worth about $83,000. Finally, Parkside Financial Bank & Trust grew its holdings in SLM by 18.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 10,136 shares of the credit services provider’s stock worth $84,000 after purchasing an additional 1,581 shares during the period. Institutional investors own 99.78% of the company’s stock.
SLM Corp. engages in the origination, servicing, and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.
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