BidaskClub upgraded shares of SLM (NASDAQ:SLM) from a sell rating to a hold rating in a research report report published on Tuesday morning, BidAskClub reports.

Several other equities research analysts also recently weighed in on SLM. BMO Capital Markets set a $16.00 target price on shares of SLM and gave the stock a buy rating in a research report on Friday, July 26th. TheStreet downgraded shares of SLM from a b- rating to a c+ rating in a research report on Thursday, August 29th. Compass Point downgraded shares of SLM from a buy rating to a neutral rating in a research report on Friday, July 26th. Oppenheimer set a $12.00 target price on shares of SLM and gave the stock a buy rating in a research report on Friday, July 26th. Finally, ValuEngine raised shares of SLM from a strong sell rating to a sell rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. SLM currently has an average rating of Hold and an average target price of $12.83.

Shares of SLM traded up $0.06 during midday trading on Tuesday, hitting $9.32. The company had a trading volume of 28,903 shares, compared to its average volume of 2,968,876. The company’s 50 day moving average price is $8.60 and its 200 day moving average price is $9.67. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.56 and a beta of 1.45. SLM has a 52 week low of $7.76 and a 52 week high of $12.09. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.80.

SLM (NASDAQ:SLM) last released its earnings results on Wednesday, July 24th. The credit services provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $396.87 million during the quarter, compared to the consensus estimate of $401.69 million. SLM had a net margin of 26.18% and a return on equity of 20.44%. During the same quarter in the previous year, the firm earned $0.25 EPS. Equities analysts anticipate that SLM will post 1.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, September 6th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, September 5th. SLM’s dividend payout ratio is presently 11.21%.

Large investors have recently made changes to their positions in the stock. HM Payson & Co. bought a new stake in shares of SLM during the 2nd quarter valued at about $46,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of SLM during the 2nd quarter valued at about $49,000. Doyle Wealth Management bought a new stake in shares of SLM during the 2nd quarter valued at about $51,000. Twin Tree Management LP bought a new position in SLM in the 1st quarter worth about $52,000. Finally, SRS Capital Advisors Inc. bought a new position in SLM in the 2nd quarter worth about $53,000. 98.53% of the stock is owned by institutional investors and hedge funds.

About SLM

SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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Analyst Recommendations for SLM (NASDAQ:SLM)

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