FBR & Co set a $13.00 target price on SLM Corporation (NASDAQ:SLM) in a research report report published on Thursday. The brokerage currently has a buy rating on the credit services provider’s stock.

SLM has been the topic of several other research reports. Citigroup Inc. initiated coverage on SLM Corporation in a research note on Monday. They issued a buy rating and a $16.00 target price on the stock. BidaskClub lowered SLM Corporation from a sell rating to a strong sell rating in a research note on Friday, October 13th. Zacks Investment Research raised SLM Corporation from a sell rating to a hold rating in a research note on Thursday, October 12th. BMO Capital Markets reissued a hold rating and issued a $12.00 target price on shares of SLM Corporation in a research note on Friday, October 6th. Finally, Wedbush reissued an outperform rating and issued a $14.50 target price on shares of SLM Corporation in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $13.44.

SLM Corporation (SLM) traded up 2.43% on Thursday, reaching $10.95. The company had a trading volume of 7,593,018 shares. The company’s 50 day moving average price is $10.92 and its 200-day moving average price is $11.12. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 17.66 and a beta of 1.25. SLM Corporation has a 12 month low of $6.93 and a 12 month high of $13.20.

SLM Corporation (NASDAQ:SLM) last issued its quarterly earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. SLM Corporation had a return on equity of 16.98% and a net margin of 22.95%. The business had revenue of $282.06 million for the quarter, compared to analyst estimates of $282.02 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, equities analysts predict that SLM Corporation will post $0.72 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the business. Mutual of America Capital Management LLC increased its holdings in shares of SLM Corporation by 3.5% in the second quarter. Mutual of America Capital Management LLC now owns 357,472 shares of the credit services provider’s stock worth $4,111,000 after acquiring an additional 12,017 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of SLM Corporation by 9.0% in the second quarter. Nationwide Fund Advisors now owns 1,442,598 shares of the credit services provider’s stock worth $16,590,000 after acquiring an additional 119,024 shares in the last quarter. Dorsey Wright & Associates increased its holdings in shares of SLM Corporation 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 acquiring an additional 2,245 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of SLM Corporation 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 acquiring an additional 9,887 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in shares of SLM Corporation by 10.9% in the second quarter. Aperio Group LLC now owns 180,916 shares of the credit services provider’s stock worth $2,081,000 after acquiring an additional 17,722 shares in the last quarter. Institutional investors own 98.40% of the company’s stock.

About SLM Corporation

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 Corporation (NASDAQ:SLM)

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