SLM (NASDAQ:SLM) Hits New 1-Year Low at $14.30

Shares of SLM Co. (NASDAQ:SLMGet Rating) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.30 and last traded at $14.36, with a volume of 6278 shares changing hands. The stock had previously closed at $14.71.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SLM. Keefe, Bruyette & Woods dropped their price objective on shares of SLM from $24.00 to $21.00 in a report on Monday, July 11th. Barclays dropped their price objective on shares of SLM from $27.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, July 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.00.

SLM Stock Down 4.5 %

The stock’s fifty day moving average price is $15.56 and its 200 day moving average price is $16.71. The stock has a market cap of $3.53 billion, a P/E ratio of 4.77 and a beta of 1.18. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 3.02.

SLM (NASDAQ:SLMGet Rating) last released its earnings results on Wednesday, July 27th. The credit services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. SLM had a net margin of 37.26% and a return on equity of 46.75%. The company had revenue of $362.81 million for the quarter, compared to analyst estimates of $354.41 million. During the same quarter last year, the firm earned $0.45 EPS. As a group, research analysts forecast that SLM Co. will post 2.63 earnings per share for the current fiscal year.

SLM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, September 1st. SLM’s dividend payout ratio (DPR) is presently 14.57%.

Institutional Investors Weigh In On SLM

Several institutional investors and hedge funds have recently modified their holdings of SLM. Summit Global Investments lifted its position in SLM by 9.5% during the 2nd quarter. Summit Global Investments now owns 58,274 shares of the credit services provider’s stock valued at $929,000 after acquiring an additional 5,070 shares during the period. Captrust Financial Advisors increased its stake in SLM by 97.2% during the 2nd quarter. Captrust Financial Advisors now owns 15,211 shares of the credit services provider’s stock valued at $242,000 after purchasing an additional 7,496 shares in the last quarter. JBF Capital Inc. increased its stake in SLM by 7.4% during the 2nd quarter. JBF Capital Inc. now owns 29,000 shares of the credit services provider’s stock valued at $462,000 after purchasing an additional 2,000 shares in the last quarter. United Services Automobile Association bought a new stake in shares of SLM in the second quarter worth approximately $476,000. Finally, Corton Capital Inc. bought a new stake in shares of SLM in the second quarter worth approximately $167,000. 98.89% of the stock is owned by hedge funds and other institutional investors.

SLM Company Profile

(Get Rating)

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.

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