SLM Corporation (SLM) Lifted to Hold at Zacks Investment Research

SLM Corporation (NASDAQ:SLM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Shares of Sallie Mae have underperformed the industry over the past six months. Yet, the company has a decent earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company’s focus on strengthening its Private Education Loan assets and revenues along with maintaining a strong capital position bode well for the long term. Also, the economic recovery and declining unemployment rate should help it maintain its leading position in the student lending market. However, a competitive business environment and consistently increasing expenses remain near-term concerns. Further, Sallie Mae faces concentration risk due to over dependence on brokered deposits. Also, stretched valuation indicates limited upside potential in the stock.”

Several other analysts have also recently issued reports on the company. BMO Capital Markets reissued a “hold” rating and issued a $12.00 target price on shares of SLM Corporation in a research note on Friday, October 6th. BidaskClub raised SLM Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. FBR & Co reissued a “buy” rating and issued a $13.00 target price on shares of SLM Corporation in a research note on Tuesday, September 19th. Wedbush reissued an “outperform” rating and issued a $14.50 target price on shares of SLM Corporation in a research note on Thursday, September 14th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $15.00 target price on shares of SLM Corporation in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.13.

Shares of SLM Corporation (SLM) traded down 1.222% on Thursday, hitting $10.915. The stock had a trading volume of 982,759 shares. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 17.605 and a beta of 1.25. The firm has a 50 day moving average of $10.78 and a 200-day moving average of $11.16. SLM Corporation has a 1-year low of $6.93 and a 1-year high of $13.20.

SLM Corporation (NASDAQ:SLM) last posted its earnings results on Wednesday, July 19th. The credit services provider reported $0.16 earnings per share (EPS) 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%. SLM Corporation’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. Equities analysts predict that SLM Corporation will post $0.72 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of the business. Mutual of America Capital Management LLC boosted its position in SLM Corporation by 3.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 357,472 shares of the credit services provider’s stock valued at $4,111,000 after acquiring an additional 12,017 shares in the last quarter. Nationwide Fund Advisors boosted its position in SLM Corporation by 9.0% during the 2nd quarter. Nationwide Fund Advisors now owns 1,442,598 shares of the credit services provider’s stock valued at $16,590,000 after acquiring an additional 119,024 shares in the last quarter. Dorsey Wright & Associates boosted its position in SLM Corporation by 1.2% during the 2nd quarter. Dorsey Wright & Associates now owns 185,539 shares of the credit services provider’s stock valued at $2,134,000 after acquiring an additional 2,245 shares in the last quarter. SG Americas Securities LLC boosted its position in SLM Corporation by 7.9% during the 2nd quarter. SG Americas Securities LLC now owns 135,569 shares of the credit services provider’s stock valued at $1,559,000 after acquiring an additional 9,887 shares in the last quarter. Finally, Aperio Group LLC boosted its position in SLM Corporation by 10.9% during the 2nd quarter. Aperio Group LLC now owns 180,916 shares of the credit services provider’s stock valued at $2,081,000 after acquiring an additional 17,722 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for SLM Corporation (NASDAQ:SLM)

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