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

Several other research firms also recently weighed in on SLM. ValuEngine raised shares of SLM from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 24th. BMO Capital Markets raised shares of SLM from a “market perform” rating to an “outperform” rating in a research note on Friday, January 25th. Barclays reaffirmed a “buy” rating and set a $13.00 price target on shares of SLM in a research note on Friday, December 14th. Wells Fargo & Co decreased their price target on shares of SLM from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, December 12th. Finally, TheStreet raised shares of SLM from a “c+” rating to a “b-” rating in a research note on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.18.

SLM opened at $9.89 on Tuesday. The stock has a market capitalization of $4.35 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.41 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 has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.67.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, January 23rd. The credit services provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The company had revenue of $382.87 million during the quarter, compared to analyst estimates of $367.40 million. SLM had a return on equity of 20.05% and a net margin of 26.07%. The firm’s revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. Analysts anticipate that SLM will post 1.25 earnings per share for the current year.

In related news, EVP Paul F. Thome sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $11.10, for a total value of $277,500.00. Following the completion of the transaction, the executive vice president now owns 208,049 shares of the company’s stock, valued at $2,309,343.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan Boyles sold 68,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $11.20, for a total transaction of $761,600.00. Following the completion of the transaction, the senior vice president now directly owns 67,679 shares of the company’s stock, valued at approximately $758,004.80. The disclosure for this sale can be found here. Insiders sold 93,805 shares of company stock valued at $1,047,625 in the last three months. 0.36% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MUFG Securities EMEA plc purchased a new position in SLM in the fourth quarter worth $5,817,000. Geode Capital Management LLC grew its holdings in SLM by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 4,672,277 shares of the credit services provider’s stock worth $38,826,000 after purchasing an additional 307,406 shares during the last quarter. Norges Bank purchased a new position in SLM in the fourth quarter worth $22,405,000. Actinver Wealth Management Inc. purchased a new position in SLM in the fourth quarter worth $154,000. Finally, FMR LLC grew its holdings in SLM by 4.6% in the fourth quarter. FMR LLC now owns 29,595,693 shares of the credit services provider’s stock worth $245,940,000 after purchasing an additional 1,304,978 shares during the last quarter.

About SLM

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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Analyst Recommendations for SLM (NASDAQ:SLM)

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