SLM (SLM) Rating Reiterated by BMO Capital Markets

BMO Capital Markets reiterated their hold rating on shares of SLM (NASDAQ:SLM) in a research note published on Thursday morning. BMO Capital Markets currently has a $15.00 target price on the credit services provider’s stock.

Several other research firms have also issued reports on SLM. FBR & Co restated a buy rating and issued a $13.00 price target on shares of SLM in a research report on Tuesday, September 19th. Citigroup began coverage on SLM in a research report on Monday, October 16th. They issued a buy rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods restated a buy rating and issued a $16.00 price target on shares of SLM in a research report on Friday, December 22nd. Zacks Investment Research upgraded SLM from a sell rating to a hold rating in a research report on Wednesday, December 20th. Finally, Wedbush restated an outperform rating and issued a $14.50 price target on shares of SLM in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $13.89.

Shares of SLM (NASDAQ SLM) traded up $0.19 on Thursday, reaching $11.63. The company’s stock had a trading volume of 3,960,000 shares, compared to its average volume of 3,280,000. The company has a market cap of $5,020.00, a price-to-earnings ratio of 17.36 and a beta of 1.32. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.33 and a quick ratio of 1.33. SLM has a 52-week low of $9.65 and a 52-week high of $13.20.

SLM (NASDAQ:SLM) last announced its quarterly earnings data on Wednesday, October 18th. The credit services provider reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17. The firm had revenue of $282.06 million for the quarter, compared to analyst estimates of $282.02 million. SLM had a return on equity of 16.63% and a net margin of 22.95%. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. equities analysts forecast that SLM will post 0.72 earnings per share for the current fiscal year.

In related news, 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 sale, the chief executive officer now owns 1,080,133 shares of the company’s stock, valued at approximately $12,443,132.16. 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 firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $11.65, for a total value of $32,340.40. Following the sale, the senior vice president now directly owns 173,728 shares in the company, valued at approximately $2,023,931.20. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new stake in SLM during the 3rd quarter worth $115,000. Chartwell Investment Partners LLC raised its stake in SLM by 4.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 407,916 shares of the credit services provider’s stock worth $4,678,000 after buying an additional 17,010 shares during the period. SG Americas Securities LLC raised its stake in SLM by 26.0% during the 3rd quarter. SG Americas Securities LLC now owns 170,874 shares of the credit services provider’s stock worth $1,960,000 after buying an additional 35,305 shares during the period. Rhumbline Advisers raised its stake in SLM by 16.9% during the 3rd quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock worth $10,431,000 after buying an additional 131,348 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in SLM during the 3rd quarter worth $1,248,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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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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