SLM (SLM) Research Coverage Started at Oppenheimer
Oppenheimer assumed coverage on shares of SLM (NASDAQ:SLM) in a report released on Monday. The firm issued an outperform rating and a $17.00 price target on the credit services provider’s stock. Oppenheimer also issued estimates for SLM’s Q4 2017 earnings at $0.20 EPS, FY2017 earnings at $0.72 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.07 EPS and FY2019 earnings at $1.26 EPS.
A number of other research analysts have also recently commented on SLM. Wedbush restated an outperform rating and set a $14.50 price objective on shares of SLM in a research note on Thursday, September 14th. FBR & Co restated a buy rating and set a $13.00 price objective on shares of SLM in a research note on Tuesday, September 19th. Zacks Investment Research upgraded SLM from a sell rating to a hold rating in a research note on Thursday, September 21st. BidaskClub upgraded SLM from a strong sell rating to a sell rating in a research note on Thursday, September 28th. Finally, BMO Capital Markets reiterated a hold rating and issued a $12.00 price target on shares of SLM in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. SLM has an average rating of Buy and a consensus target price of $14.44.
Shares of SLM (SLM) traded up $0.01 on Monday, hitting $11.94. The company’s stock had a trading volume of 5,900,200 shares, compared to its average volume of 3,804,613. The firm has a market capitalization of $5,160.00, a PE ratio of 17.82 and a beta of 1.32. SLM has a 12 month low of $9.65 and a 12 month high of $13.20. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.33.
In related news, CEO Raymond J. Quinlan sold 200,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $11.52, for a total value of $2,304,000.00. Following the transaction, the chief executive officer now owns 1,080,133 shares in the company, valued at $12,443,132.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jonathan Boyles sold 2,776 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $11.65, for a total value of $32,340.40. Following the completion of the transaction, the senior vice president now owns 173,728 shares in the company, valued at approximately $2,023,931.20. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SLM. Rhumbline Advisers increased its holdings in 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 buying an additional 131,348 shares during the last quarter. Nationwide Fund Advisors increased its holdings in SLM by 9.0% in the second 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 last quarter. Canada Pension Plan Investment Board bought a new stake in SLM in the third quarter valued at about $1,248,000. Crossmark Global Holdings Inc. bought a new stake in SLM in the third quarter valued at about $666,000. Finally, SG Americas Securities LLC increased its holdings in 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 buying an additional 35,305 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.
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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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