SLM (SLM) Receiving Somewhat Positive Media Coverage, Study Shows
Media headlines about SLM (NASDAQ:SLM) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. SLM earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 47.1601911960696 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Sallie Mae Offers Consumers a Chance to Win $1,000 Monthly Through Plan for College Sweepstakes (finance.yahoo.com)
- SLM Corp (SLM) Short Interest Update (americanbankingnews.com)
- Sallie Mae Shares Top College Planning Tips from School Counselors This National School Counseling Week (finance.yahoo.com)
- SLM Corp (SLM) EVP Sells $114,000.00 in Stock (americanbankingnews.com)
- SLM Corp (SLM) EVP Sells $118,000.00 in Stock (americanbankingnews.com)
Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of SLM from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Thursday, January 11th. Jefferies Group restated a “buy” rating and set a $16.00 price objective on shares of SLM in a report on Thursday, January 11th. Citigroup assumed coverage on shares of SLM in a report on Monday, January 8th. They set an “outperform” rating and a $17.00 price objective on the stock. Oppenheimer assumed coverage on shares of SLM in a report on Monday, January 8th. They set an “outperform” rating and a $17.00 price objective on the stock. 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 analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.18.
SLM (NASDAQ:SLM) last issued its earnings results on Wednesday, January 17th. The credit services provider reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. The firm had revenue of $309.19 million for the quarter, compared to analyst estimates of $299.64 million. SLM had a return on equity of 16.65% and a net margin of 20.23%. During the same quarter in the prior year, the firm earned $0.15 earnings per share. sell-side analysts anticipate that SLM will post 0.99 earnings per share for the current year.
In related news, EVP Laurent Charles Lutz sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $11.80, for a total value of $118,000.00. Following the sale, the executive vice president now owns 410,806 shares in the company, valued at $4,847,510.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Raymond J. Quinlan sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was 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 owns 1,080,133 shares in the company, valued at approximately $12,443,132.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 375,323 shares of company stock worth $4,317,997. 0.59% of the stock is owned by insiders.
SLM Company Profile
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.
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