SLM (SLM) Upgraded to “Sell” at BidaskClub

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

A number of other equities analysts also recently commented on the company. Zacks Investment Research upgraded SLM from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. BMO Capital Markets restated a “hold” rating and issued a $12.00 price objective on shares of SLM in a report on Friday, October 6th. Citigroup started coverage on SLM in a report on Monday, October 16th. They issued a “buy” rating and a $16.00 price objective on the stock. FBR & Co reiterated a “buy” rating and set a $13.00 price target on shares of SLM in a report on Tuesday, September 19th. Finally, Wedbush reiterated an “outperform” rating and set a $14.50 price target on shares of SLM in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.56.

SLM (NASDAQ:SLM) traded up $0.26 during trading hours on Friday, reaching $11.62. The company had a trading volume of 2,844,500 shares, compared to its average volume of 3,167,342. SLM has a 12-month low of $9.65 and a 12-month high of $13.20. The firm has a market capitalization of $4,828.53, a P/E ratio of 17.34 and a beta of 1.33. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.35.

SLM (NASDAQ:SLM) last released its quarterly earnings data on Wednesday, October 18th. The credit services provider reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. SLM had a return on equity of 16.63% and a net margin of 22.95%. The firm had revenue of $282.06 million for the quarter, compared to the consensus estimate of $282.02 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The firm’s revenue was up 26.3% on a year-over-year basis. equities analysts predict that SLM will post 0.72 earnings per share for the current year.

In other news, SVP Jonathan Boyles sold 2,776 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $11.65, for a total value of $32,340.40. Following the sale, the senior vice president now owns 173,728 shares in the company, valued at $2,023,931.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Raymond J. Quinlan sold 200,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $11.52, for a total transaction of $2,304,000.00. Following the completion of the sale, the chief executive officer now owns 1,080,133 shares in the company, valued at approximately $12,443,132.16. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of SLM in the third quarter worth $115,000. Crossmark Global Holdings Inc. bought a new position in SLM in the third quarter worth $666,000. Canada Pension Plan Investment Board bought a new position in SLM in the third quarter worth $1,248,000. SG Americas Securities LLC lifted its position in SLM by 7.9% in the second quarter. SG Americas Securities LLC now owns 135,569 shares of the credit services provider’s stock worth $1,559,000 after purchasing an additional 9,887 shares during the period. Finally, Dorsey Wright & Associates lifted its position in SLM by 1.2% in the second quarter. Dorsey Wright & Associates now owns 185,539 shares of the credit services provider’s stock worth $2,134,000 after purchasing an additional 2,245 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

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SLM 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.

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