BidaskClub upgraded shares of SLM Corporation (NASDAQ:SLM) from a strong sell rating to a sell rating in a report released on Friday.

A number of other brokerages have also issued reports on SLM. BMO Capital Markets reaffirmed a hold rating and set a $12.00 target price on shares of SLM Corporation in a research report on Friday, October 6th. FBR & Co set a $13.00 target price on shares of SLM Corporation and gave the stock a buy rating in a research report on Thursday, October 19th. Wedbush reaffirmed an outperform rating and set a $14.50 target price on shares of SLM Corporation in a research report on Thursday, September 14th. Zacks Investment Research lowered shares of SLM Corporation from a buy rating to a hold rating in a research report on Monday, July 10th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $15.00 target price on shares of SLM Corporation in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $13.44.

SLM Corporation (SLM) opened at 10.61 on Friday. SLM Corporation has a one year low of $6.93 and a one year high of $13.20. The firm’s 50-day moving average is $10.95 and its 200 day moving average is $11.09. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 17.11 and a beta of 1.25.

SLM Corporation (NASDAQ:SLM) last announced its earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.17. SLM Corporation had a net margin of 22.95% and a return on equity of 16.63%. 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 previous year, the firm posted $0.12 earnings per share. SLM Corporation’s revenue was up 26.3% compared to the same quarter last year. Analysts forecast that SLM Corporation will post $0.72 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the business. Mutual of America Capital Management LLC increased its holdings in SLM Corporation by 3.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 357,472 shares of the credit services provider’s stock valued at $4,111,000 after buying an additional 12,017 shares during the period. Nationwide Fund Advisors increased its holdings in SLM Corporation by 9.0% in the 2nd quarter. Nationwide Fund Advisors now owns 1,442,598 shares of the credit services provider’s stock valued at $16,590,000 after buying an additional 119,024 shares during the period. Dorsey Wright & Associates increased its holdings in SLM Corporation by 1.2% in the 2nd quarter. Dorsey Wright & Associates now owns 185,539 shares of the credit services provider’s stock valued at $2,134,000 after buying an additional 2,245 shares during the period. SG Americas Securities LLC increased its holdings in SLM Corporation by 7.9% in the 2nd quarter. SG Americas Securities LLC now owns 135,569 shares of the credit services provider’s stock valued at $1,559,000 after buying an additional 9,887 shares during the period. Finally, Aperio Group LLC increased its holdings in SLM Corporation by 10.9% in the 2nd quarter. Aperio Group LLC now owns 180,916 shares of the credit services provider’s stock valued at $2,081,000 after buying an additional 17,722 shares during the period. 98.40% of the stock is currently owned by hedge funds and other institutional investors.

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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