SLM (SLM) Reaches New 12-Month Low at $9.52

SLM Corp (NASDAQ:SLM)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $9.52 and last traded at $9.79, with a volume of 146515 shares trading hands. The stock had previously closed at $9.91.

A number of brokerages recently issued reports on SLM. Zacks Investment Research raised shares of SLM from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday, October 25th. BidaskClub raised shares of SLM from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 13th. ValuEngine raised shares of SLM from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Oppenheimer set a $13.00 target price on shares of SLM and gave the stock a “buy” rating in a research report on Sunday, November 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $14.30.

The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.86. The company has a market cap of $4.31 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 0.50 and a beta of 1.20.

SLM (NASDAQ:SLM) last issued its earnings results on Monday, October 22nd. The credit services provider reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The firm had revenue of $356.63 million during the quarter, compared to analyst estimates of $350.10 million. SLM had a net margin of 22.81% and a return on equity of 18.84%. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, equities research analysts forecast that SLM Corp will post 1.02 earnings per share for the current year.

A number of large investors have recently made changes to their positions in SLM. ValueAct Holdings L.P. raised its holdings in SLM by 408.2% during the 2nd quarter. ValueAct Holdings L.P. now owns 37,605,408 shares of the credit services provider’s stock worth $430,582,000 after purchasing an additional 30,205,408 shares during the last quarter. Sterling Capital Management LLC bought a new stake in SLM during the 3rd quarter worth about $48,549,000. FMR LLC raised its holdings in SLM by 14.3% during the 2nd quarter. FMR LLC now owns 28,205,593 shares of the credit services provider’s stock worth $322,954,000 after purchasing an additional 3,522,468 shares during the last quarter. CI Investments Inc. raised its holdings in SLM by 50.5% during the 3rd quarter. CI Investments Inc. now owns 6,769,300 shares of the credit services provider’s stock worth $75,478,000 after purchasing an additional 2,272,900 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in SLM by 76.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,241,715 shares of the credit services provider’s stock worth $13,879,000 after purchasing an additional 537,564 shares during the last quarter.

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SLM Company Profile (NASDAQ:SLM)

SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.

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