Shares of SLM Corporation (NASDAQ:SLM) have earned an average rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.93.

Several research firms have recently weighed in on SLM. Keefe, Bruyette & Woods restated a “buy” rating and set a $15.00 price target on shares of SLM Corporation in a report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and set a $15.00 price target on shares of SLM Corporation in a report on Friday, July 14th. BidaskClub upgraded SLM Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Wedbush cut SLM Corporation to a “buy” rating and set a $15.00 price target on the stock. in a report on Saturday, July 22nd. Finally, Zacks Investment Research upgraded SLM Corporation from a “sell” rating to a “hold” rating in a report on Tuesday.

SLM Corporation (NASDAQ:SLM) traded down 0.30% on Tuesday, reaching $10.13. 1,930,234 shares of the company’s stock were exchanged. SLM Corporation has a 12 month low of $6.93 and a 12 month high of $13.20. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 16.34 and a beta of 1.19. The firm has a 50-day moving average of $10.91 and a 200-day moving average of $11.44.

SLM Corporation (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, July 19th. The credit services provider reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $269.89 million for the quarter, compared to analysts’ expectations of $268.69 million. SLM Corporation had a return on equity of 16.31% and a net margin of 22.81%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. On average, equities analysts expect that SLM Corporation will post $0.71 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its stake in shares of SLM Corporation by 1.3% in the first quarter. Capstone Asset Management Co. now owns 54,636 shares of the credit services provider’s stock valued at $661,000 after buying an additional 680 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of SLM Corporation by 0.6% in the first quarter. Nationwide Fund Advisors now owns 1,323,574 shares of the credit services provider’s stock valued at $16,015,000 after buying an additional 8,022 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of SLM Corporation by 6.4% in the first quarter. Profund Advisors LLC now owns 63,661 shares of the credit services provider’s stock valued at $770,000 after buying an additional 3,809 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of SLM Corporation by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 150,855 shares of the credit services provider’s stock valued at $1,825,000 after buying an additional 2,100 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of SLM Corporation by 28.8% in the first quarter. Wells Fargo & Company MN now owns 12,697,341 shares of the credit services provider’s stock valued at $153,638,000 after buying an additional 2,835,400 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

About SLM Corporation

SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.

Analyst Recommendations for SLM Corporation (NASDAQ:SLM)

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