SLM (NASDAQ:SLM – Get Rating) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $17.00 to $18.00 in a research report issued on Tuesday, The Fly reports. JPMorgan Chase & Co.‘s target price suggests a potential upside of 6.64% from the company’s previous close.
Several other analysts also recently weighed in on the stock. Compass Point downgraded shares of SLM from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $18.00 in a report on Thursday, November 10th. Morgan Stanley assumed coverage on SLM in a report on Friday, October 7th. They issued an “underweight” rating and a $15.00 price objective on the stock. Citigroup downgraded SLM from a “buy” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $17.00 in a research note on Thursday, October 13th. Jefferies Financial Group decreased their price target on SLM from $24.00 to $20.00 in a research note on Tuesday, October 18th. Finally, Barclays raised their target price on SLM from $20.00 to $22.00 in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SLM presently has a consensus rating of “Hold” and an average target price of $18.80.
SLM Stock Performance
Shares of SLM stock opened at $16.88 on Tuesday. The stock’s 50-day moving average price is $16.73 and its 200 day moving average price is $15.98. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $4.22 billion, a PE ratio of 5.50 and a beta of 1.18. SLM has a 52-week low of $13.72 and a 52-week high of $20.88.
SLM (NASDAQ:SLM – Get Rating) last released its earnings results on Wednesday, October 26th. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.18). SLM had a net margin of 35.01% and a return on equity of 47.71%. The company had revenue of $369.51 million during the quarter, compared to analyst estimates of $347.69 million. During the same period in the previous year, the firm posted $0.24 EPS. As a group, equities research analysts forecast that SLM will post 2.5 EPS for the current year.
Institutional Investors Weigh In On SLM
Several institutional investors and hedge funds have recently made changes to their positions in SLM. Vanguard Group Inc. raised its position in shares of SLM by 0.6% in the third quarter. Vanguard Group Inc. now owns 30,551,727 shares of the credit services provider’s stock valued at $427,418,000 after buying an additional 177,312 shares during the last quarter. Impactive Capital LP grew its holdings in SLM by 10.1% during the 3rd quarter. Impactive Capital LP now owns 22,593,389 shares of the credit services provider’s stock valued at $316,082,000 after purchasing an additional 2,080,790 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of SLM by 9.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 20,007,968 shares of the credit services provider’s stock worth $318,927,000 after acquiring an additional 1,785,938 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of SLM by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 5,541,444 shares of the credit services provider’s stock worth $101,733,000 after buying an additional 45,321 shares in the last quarter. Finally, FMR LLC increased its holdings in SLM by 12.2% in the second quarter. FMR LLC now owns 5,175,823 shares of the credit services provider’s stock valued at $82,503,000 after buying an additional 564,507 shares during the last quarter. 96.65% of the stock is currently owned by hedge funds and other institutional investors.
SLM Company Profile
SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.
Further Reading
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