SLM (NASDAQ:SLM) Trading Down 5.2%

SLM Co. (NASDAQ:SLM)’s stock price was down 5.2% during trading on Thursday . The company traded as low as $19.17 and last traded at $19.34. Approximately 141,352 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 3,191,248 shares. The stock had previously closed at $20.41.

A number of equities analysts recently commented on SLM shares. Zacks Investment Research upgraded SLM from a “hold” rating to a “strong-buy” rating and set a $22.50 price target for the company in a research note on Tuesday. Barclays lifted their target price on SLM from $18.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, April 12th. JPMorgan Chase & Co. lifted their target price on SLM from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, April 15th. They noted that the move was a valuation call. lifted their target price on SLM from $20.00 to $23.00 in a research note on Friday, April 23rd. Finally, Citigroup lifted their target price on SLM from $20.00 to $23.00 in a research note on Friday, April 23rd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $22.56.

The company has a debt-to-equity ratio of 2.09, a current ratio of 1.24 and a quick ratio of 1.24. The company has a 50-day moving average of $20.08. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 6.65 and a beta of 1.42.

SLM (NASDAQ:SLM) last announced its earnings results on Tuesday, July 20th. The credit services provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. SLM had a return on equity of 58.89% and a net margin of 49.65%. The firm had revenue of $338.78 million for the quarter, compared to analysts’ expectations of $332.33 million. During the same quarter in the previous year, the company earned ($0.22) earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts expect that SLM Co. will post 3.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 15th. Investors of record on Friday, June 4th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, June 3rd. This represents a $0.12 annualized dividend and a yield of 0.62%. SLM’s payout ratio is 5.38%.

Large investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in SLM during the first quarter worth approximately $25,000. Arlington Partners LLC bought a new stake in SLM during the first quarter worth approximately $28,000. Van ECK Associates Corp bought a new stake in SLM during the first quarter worth approximately $31,000. Wealthcare Advisory Partners LLC bought a new position in shares of SLM in the first quarter valued at $32,000. Finally, Lazard Asset Management LLC bought a new position in shares of SLM in the fourth quarter valued at $32,000.

SLM Company Profile (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; and omnibus accounts.

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