SLM’s (NASDAQ:SLM) Hold Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reiterated their hold rating on shares of SLM (NASDAQ:SLM) in a report issued on Thursday, January 4th. BMO Capital Markets currently has a $15.00 price target on the credit services provider’s stock.

A number of other equities analysts have also issued reports on SLM. BidaskClub raised shares of SLM from a strong sell rating to a sell rating in a research report on Thursday, September 28th. FBR & Co set a $13.00 price objective on SLM and gave the stock a buy rating in a research report on Thursday, October 19th. Wedbush restated an outperform rating and set a $14.50 price objective on shares of SLM in a research report on Thursday, September 14th. Zacks Investment Research upgraded SLM from a sell rating to a hold rating in a research report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods restated a buy rating and set a $16.00 price objective on shares of SLM in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $14.44.

SLM (NASDAQ SLM) traded up $0.01 during trading hours on Thursday, hitting $11.94. 5,900,200 shares of the stock were exchanged, compared to its average volume of 3,804,613. SLM has a 12 month low of $9.65 and a 12 month high of $13.20. The company has a market capitalization of $5,160.00, a price-to-earnings ratio of 17.82 and a beta of 1.32. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.33.

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

In other news, SVP Jonathan Boyles sold 2,776 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $11.65, for a total transaction of $32,340.40. Following the completion of the sale, the senior vice president now owns 173,728 shares in the company, valued at $2,023,931.20. The transaction 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 business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $11.52, for a total value 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 disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. bought a new position in SLM in the 3rd quarter worth about $666,000. Rhumbline Advisers boosted its holdings in shares of SLM by 16.9% in the third quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock valued at $10,431,000 after purchasing an additional 131,348 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of SLM in the third quarter valued at approximately $1,248,000. SG Americas Securities LLC boosted its holdings in shares of SLM by 26.0% in the third quarter. SG Americas Securities LLC now owns 170,874 shares of the credit services provider’s stock valued at $1,960,000 after purchasing an additional 35,305 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of SLM in the third quarter valued at approximately $115,000. Hedge funds and other institutional investors own 99.24% 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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