SLM (SLM) Earns “Buy” Rating from B. Riley

SLM (NASDAQ:SLM)‘s stock had its “buy” rating reaffirmed by B. Riley in a research report issued to clients and investors on Thursday, January 18th, MarketBeat.com reports. They currently have a $13.00 price target on the credit services provider’s stock, down from their previous price target of $14.00. B. Riley’s target price suggests a potential upside of 21.84% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of SLM from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Thursday, January 11th. Jefferies Group reaffirmed a “buy” rating and issued a $16.00 target price on shares of SLM in a report on Thursday, January 11th. Citigroup started coverage on shares of SLM in a report on Monday, January 8th. They issued an “outperform” rating and a $17.00 target price for the company. Oppenheimer started coverage on shares of SLM in a research note on Monday, January 8th. They issued an “outperform” rating and a $17.00 price target for the company. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $15.00 price target on shares of SLM in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $14.18.

Shares of SLM (NASDAQ:SLM) traded down $0.03 during trading on Thursday, reaching $10.67. 4,737,426 shares of the company’s stock traded hands, compared to its average volume of 5,629,159. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.37 and a quick ratio of 1.33. The stock has a market capitalization of $4,608.27, a PE ratio of 17.21, a PEG ratio of 0.51 and a beta of 1.34. SLM has a twelve month low of $9.65 and a twelve month high of $13.20.

SLM (NASDAQ:SLM) last issued its earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $309.19 million during the quarter, compared to analysts’ expectations of $299.64 million. SLM had a net margin of 20.23% and a return on equity of 16.65%. During the same period in the previous year, the company earned $0.15 earnings per share. research analysts forecast that SLM will post 0.99 earnings per share for the current fiscal year.

In related news, EVP Laurent Charles Lutz sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $11.40, for a total transaction of $114,000.00. Following the completion of the sale, the executive vice president now directly owns 410,806 shares in the company, valued at $4,683,188.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan Boyles sold 2,776 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $11.65, for a total transaction of $32,340.40. Following the sale, the senior vice president now owns 173,728 shares of the company’s stock, valued at $2,023,931.20. The disclosure for this sale can be found here. Insiders sold 375,323 shares of company stock valued at $4,317,997 over the last quarter. Company insiders own 0.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in SLM. Steward Partners Investment Advisory LLC purchased a new position in SLM during the third quarter valued at approximately $115,000. Cerebellum GP LLC purchased a new position in SLM during the fourth quarter valued at approximately $127,000. Virtu Financial LLC purchased a new position in SLM during the fourth quarter valued at approximately $135,000. Centaurus Financial Inc. purchased a new position in SLM during the fourth quarter valued at approximately $174,000. Finally, LMR Partners LLP lifted its holdings in SLM by 36.6% during the fourth quarter. LMR Partners LLP now owns 23,202 shares of the credit services provider’s stock valued at $262,000 after purchasing an additional 6,222 shares in the last quarter. Institutional investors own 99.60% of the company’s stock.

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About SLM

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 (NASDAQ:SLM)

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