SLM (NASDAQ:SLM) Sets New 1-Year High at $13.70


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SLM Co. (NASDAQ:SLM) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $13.70 and last traded at $13.69, with a volume of 60330 shares changing hands. The stock had previously closed at $13.39.

A number of brokerages have issued reports on SLM. Wedbush reissued an “outperform” rating on shares of SLM in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of SLM from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th. Royal Bank of Canada began coverage on shares of SLM in a report on Monday, December 21st. They set a “sector perform” rating and a $14.00 price target for the company. TheStreet raised shares of SLM from a “c” rating to a “b-” rating in a report on Wednesday, October 21st. Finally, BidaskClub raised shares of SLM from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. SLM currently has a consensus rating of “Hold” and a consensus target price of $11.14.

The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 10.80 and a beta of 1.33. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.19 and a current ratio of 1.19. The company’s 50 day simple moving average is $12.09 and its two-hundred day simple moving average is $9.14.

SLM (NASDAQ:SLM) last posted its earnings results on Wednesday, October 21st. The credit services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.33. The company had revenue of $364.57 million during the quarter, compared to the consensus estimate of $359.42 million. SLM had a net margin of 21.15% and a return on equity of 23.16%. During the same period in the previous year, the firm posted $0.29 earnings per share. On average, equities research analysts predict that SLM Co. will post 1.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Friday, December 4th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.87%. The ex-dividend date was Thursday, December 3rd. SLM’s dividend payout ratio is 9.45%.

In other SLM news, EVP Paul F. Thome sold 32,903 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $9.25, for a total value of $304,352.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp grew its position in SLM by 25.4% in the third quarter. Fifth Third Bancorp now owns 7,447 shares of the credit services provider’s stock worth $60,000 after acquiring an additional 1,509 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in SLM by 81.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 8,737 shares of the credit services provider’s stock worth $71,000 after acquiring an additional 3,931 shares in the last quarter. IBM Retirement Fund bought a new stake in SLM in the third quarter worth approximately $98,000. Sowell Financial Services LLC grew its position in SLM by 361.2% in the fourth quarter. Sowell Financial Services LLC now owns 12,654 shares of the credit services provider’s stock worth $157,000 after acquiring an additional 9,910 shares in the last quarter. Finally, JBF Capital Inc. bought a new stake in shares of SLM during the 3rd quarter worth $105,000.

About SLM (NASDAQ:SLM)

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; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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