SLM (NASDAQ:SLM) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Other analysts also recently issued research reports about the stock. Zacks Investment Research reiterated a “buy” rating and issued a $9.00 target price on shares of SLM in a report on Monday, December 31st. ValuEngine downgraded shares of SLM from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Wedbush reiterated an “outperform” rating on shares of SLM in a report on Tuesday, January 29th. TheStreet downgraded shares of SLM from a “b” rating to a “c+” rating in a report on Thursday, January 10th. Finally, Wells Fargo & Co dropped their target price on shares of SLM from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Wednesday, December 12th. Two research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. SLM has an average rating of “Buy” and an average target price of $13.18.

SLM stock opened at $10.52 on Wednesday. The company has a market cap of $4.63 billion, a PE ratio of 9.83, a PEG ratio of 0.43 and a beta of 1.50. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 1.38. SLM has a one year low of $7.95 and a one year high of $12.46.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, January 23rd. The credit services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The firm had revenue of $382.87 million for the quarter, compared to analyst estimates of $367.40 million. SLM had a net margin of 26.07% and a return on equity of 20.05%. The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 EPS. Analysts forecast that SLM will post 1.25 earnings per share for the current year.

In other SLM news, EVP Paul F. Thome sold 25,000 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $11.10, for a total value of $277,500.00. Following the completion of the transaction, the executive vice president now owns 208,049 shares in the company, valued at $2,309,343.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jonathan Boyles sold 68,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $11.20, for a total transaction of $761,600.00. Following the completion of the transaction, the senior vice president now owns 67,679 shares of the company’s stock, valued at approximately $758,004.80. The disclosure for this sale can be found here. Insiders sold a total of 93,805 shares of company stock valued at $1,047,625 in the last quarter. 0.36% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the business. MUFG Securities EMEA plc acquired a new position in shares of SLM in the fourth quarter worth $5,817,000. Geode Capital Management LLC grew its stake in shares of SLM by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 4,672,277 shares of the credit services provider’s stock worth $38,826,000 after acquiring an additional 307,406 shares in the last quarter. Norges Bank acquired a new position in shares of SLM in the fourth quarter worth $22,405,000. Actinver Wealth Management Inc. acquired a new position in shares of SLM in the fourth quarter worth $154,000. Finally, FMR LLC grew its stake in shares of SLM by 4.6% in the fourth quarter. FMR LLC now owns 29,595,693 shares of the credit services provider’s stock worth $245,940,000 after acquiring an additional 1,304,978 shares in the last quarter.

SLM Company Profile

SLM Corp. engages in the origination, servicing, and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.

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Analyst Recommendations for SLM (NASDAQ:SLM)

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