SLM (NASDAQ:SLM) has been assigned a $17.00 target price by equities researchers at Oppenheimer in a report issued on Thursday. The firm presently has a “buy” rating on the credit services provider’s stock. Oppenheimer’s price target indicates a potential upside of 52.33% from the stock’s previous close.

SLM has been the subject of a number of other research reports. Citigroup initiated coverage on SLM in a report on Monday, January 8th. They set an “outperform” rating and a $17.00 price objective for the company. BidaskClub cut SLM from a “sell” rating to a “strong sell” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded SLM from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. BMO Capital Markets restated a “hold” rating and set a $12.00 price objective on shares of SLM in a report on Friday, October 6th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $16.00 price objective on shares of SLM in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $14.30.

SLM (NASDAQ SLM) opened at $11.16 on Thursday. SLM has a 1-year low of $9.65 and a 1-year high of $13.20. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $4,820.00, a PE ratio of 18.00, a P/E/G ratio of 0.53 and a beta of 1.32.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, January 17th. The credit services provider reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. SLM had a return on equity of 16.93% and a net margin of 20.23%. The business had revenue of $309.19 million during the quarter, compared to analysts’ expectations of $299.64 million. During the same quarter last year, the company posted $0.15 earnings per share. analysts forecast that SLM will post 1.03 EPS for the current fiscal year.

In other news, CEO Raymond J. Quinlan sold 200,000 shares of SLM stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $11.52, for a total value 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 $12,443,132.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jonathan Boyles sold 2,776 shares of SLM stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $11.65, for a total transaction of $32,340.40. Following the completion of the sale, the senior vice president now owns 173,728 shares of the company’s stock, valued at $2,023,931.20. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its position in SLM by 4.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,314,685 shares of the credit services provider’s stock valued at $26,156,000 after purchasing an additional 95,102 shares in the last quarter. Rhumbline Advisers raised its position in SLM by 16.9% during the third quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock valued at $10,431,000 after purchasing an additional 131,348 shares in the last quarter. Chartwell Investment Partners LLC raised its position in SLM by 4.4% during the third quarter. Chartwell Investment Partners LLC now owns 407,916 shares of the credit services provider’s stock valued at $4,678,000 after purchasing an additional 17,010 shares in the last quarter. Mutual of America Capital Management LLC raised its position in SLM by 3.5% during the second quarter. Mutual of America Capital Management LLC now owns 357,472 shares of the credit services provider’s stock valued at $4,111,000 after purchasing an additional 12,017 shares in the last quarter. Finally, Aperio Group LLC raised its position in SLM by 3.9% during the third quarter. Aperio Group LLC now owns 188,045 shares of the credit services provider’s stock valued at $2,157,000 after purchasing an additional 7,129 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

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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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