Jefferies Group Reiterates Buy Rating for SLM (SLM)

Jefferies Group reiterated their buy rating on shares of SLM (NASDAQ:SLM) in a research report released on Thursday morning. They currently have a $16.00 price objective on the credit services provider’s stock. Jefferies Group also issued estimates for SLM’s Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.26 EPS and FY2018 earnings at $1.01 EPS.

SLM has been the topic of a number of other research reports. Citigroup began coverage on shares of SLM in a research note on Monday, January 8th. They set an outperform rating and a $17.00 target price on the stock. Oppenheimer began coverage on shares of SLM in a research note on Monday, January 8th. They set an outperform rating and a $17.00 target price on the stock. BMO Capital Markets reaffirmed a hold rating and set a $15.00 target price on shares of SLM in a research note on Thursday, January 4th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $16.00 target price on shares of SLM in a research note on Friday, December 22nd. Finally, BidaskClub raised shares of SLM from a strong sell rating to a sell rating in a research note on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. SLM has a consensus rating of Buy and an average price target of $14.44.

Shares of SLM (SLM) traded down $0.23 on Thursday, reaching $11.71. 3,930,000 shares of the company’s stock traded hands, compared to its average volume of 3,818,544. SLM has a 1-year low of $9.65 and a 1-year high of $13.20. The firm has a market capitalization of $5,060.00, a P/E ratio of 17.48, a P/E/G ratio of 0.56 and a beta of 1.32. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35.

SLM (NASDAQ:SLM) last announced its quarterly earnings data on Wednesday, October 18th. The credit services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. SLM had a net margin of 22.95% and a return on equity of 16.63%. The business had revenue of $282.06 million during the quarter, compared to the consensus estimate of $282.02 million. During the same period in the previous year, the business earned $0.12 earnings per share. The company’s revenue was up 26.3% on a year-over-year basis. equities analysts expect that SLM will post 0.72 earnings per share for the current year.

In related news, SVP Jonathan Boyles sold 2,776 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $11.65, for a total value of $32,340.40. Following the sale, the senior vice president now owns 173,728 shares of the company’s stock, valued at $2,023,931.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Raymond J. Quinlan sold 200,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $11.52, for a total transaction of $2,304,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,080,133 shares in the company, valued at approximately $12,443,132.16. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors grew its stake in shares of SLM 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 purchasing an additional 119,024 shares during the last quarter. Rhumbline Advisers grew its stake in shares of SLM by 16.9% in the third quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock worth $10,431,000 after purchasing an additional 131,348 shares during the last quarter. Chartwell Investment Partners LLC grew its stake in shares of SLM by 4.4% in the third quarter. Chartwell Investment Partners LLC now owns 407,916 shares of the credit services provider’s stock worth $4,678,000 after purchasing an additional 17,010 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of SLM 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 purchasing an additional 12,017 shares during the last quarter. Finally, Aperio Group LLC grew its stake in shares of SLM by 3.9% in the third quarter. Aperio Group LLC now owns 188,045 shares of the credit services provider’s stock worth $2,157,000 after purchasing an additional 7,129 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors.

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About SLM

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 (NASDAQ:SLM)

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