SLM Corporation (NASDAQ:SLM) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.

Other equities research analysts have also recently issued research reports about the company. ValuEngine raised SLM Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. 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. Jefferies Group LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of SLM Corporation in a report on Saturday, July 22nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $15.00 price target on shares of SLM Corporation in a report on Friday, July 14th. Finally, FBR & Co reaffirmed a “buy” rating and set a $13.00 price target on shares of SLM Corporation in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.88.

SLM Corporation (NASDAQ SLM) traded up 0.53% during trading on Thursday, reaching $11.47. The company’s stock had a trading volume of 2,353,929 shares. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 18.50 and a beta of 1.22. SLM Corporation has a 52 week low of $6.93 and a 52 week high of $13.20. The firm has a 50 day moving average of $10.51 and a 200 day moving average of $11.23.

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, meeting the Zacks’ 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 revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. Analysts expect that SLM Corporation will post $0.72 EPS for the current year.

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A number of large investors have recently made changes to their positions in the stock. Cadence Capital Management LLC raised its holdings in SLM Corporation by 0.5% during the first quarter. Cadence Capital Management LLC now owns 15,538 shares of the credit services provider’s stock worth $188,000 after purchasing an additional 81 shares in the last quarter. Capstone Asset Management Co. raised its holdings in SLM Corporation by 0.5% during the second quarter. Capstone Asset Management Co. now owns 54,896 shares of the credit services provider’s stock worth $631,000 after purchasing an additional 260 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in SLM Corporation by 2.8% during the first quarter. Teacher Retirement System of Texas now owns 34,294 shares of the credit services provider’s stock worth $415,000 after purchasing an additional 940 shares in the last quarter. Advantus Capital Management Inc raised its holdings in SLM Corporation by 3.2% during the first quarter. Advantus Capital Management Inc now owns 54,941 shares of the credit services provider’s stock worth $665,000 after purchasing an additional 1,714 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in SLM Corporation by 3.0% during the first quarter. Amalgamated Bank now owns 67,549 shares of the credit services provider’s stock worth $817,000 after purchasing an additional 1,987 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

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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