SLM Corporation (SLM) Stock Rating Lowered by BidaskClub
BidaskClub lowered shares of SLM Corporation (NASDAQ:SLM) from a sell rating to a strong sell rating in a research note released on Tuesday morning.
A number of other analysts also recently commented on the stock. Off Wall Street reissued a sell rating and set a $8.50 price objective on shares of SLM Corporation in a report on Friday, May 5th. TheStreet raised shares of SLM Corporation from a c+ rating to a b- rating in a report on Monday, May 1st. Zacks Investment Research downgraded shares of SLM Corporation from a buy rating to a hold rating in a report on Monday, July 10th. Keefe, Bruyette & Woods reissued a buy rating and set a $15.00 price objective on shares of SLM Corporation in a report on Friday, April 21st. Finally, ValuEngine raised shares of SLM Corporation from a hold rating to a buy rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. SLM Corporation has an average rating of Buy and an average price target of $12.50.
SLM Corporation (NASDAQ:SLM) traded up 0.36% on Tuesday, hitting $11.09. 3,470,377 shares of the company traded hands. SLM Corporation has a 12 month low of $6.93 and a 12 month high of $13.20. The stock’s 50-day moving average is $11.16 and its 200 day moving average is $11.58. The stock has a market cap of $4.79 billion, a PE ratio of 17.89 and a beta of 1.20.
SLM Corporation (NASDAQ:SLM) last released its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $269.89 million for the quarter, compared to the consensus estimate of $268.69 million. SLM Corporation had a net margin of 22.81% and a return on equity of 16.31%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Equities research analysts expect that SLM Corporation will post $0.72 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in SLM. Aperio Group LLC boosted its position in shares of SLM Corporation by 10.9% in the second quarter. Aperio Group LLC now owns 180,916 shares of the credit services provider’s stock worth $2,081,000 after buying an additional 17,722 shares during the last quarter. Rockefeller Financial Services Inc. boosted its position in shares of SLM Corporation by 3.1% in the second quarter. Rockefeller Financial Services Inc. now owns 899,840 shares of the credit services provider’s stock worth $10,348,000 after buying an additional 26,673 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of SLM Corporation by 0.5% in the second quarter. Capstone Asset Management Co. now owns 54,896 shares of the credit services provider’s stock worth $631,000 after buying an additional 260 shares during the last quarter. Columbia Partners L L C Investment Management acquired a new position in shares of SLM Corporation during the first quarter worth about $1,350,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of SLM Corporation by 90.3% in the first quarter. Public Employees Retirement System of Ohio now owns 885,675 shares of the credit services provider’s stock worth $10,717,000 after buying an additional 420,300 shares during the last quarter. Institutional investors own 99.10% of the company’s stock.
SLM Corporation Company Profile
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.
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