SLM (SLM) Issueds New 52-Week Low at $9.52

SLM (SLM) Issueds New 52-Week Low at $9.52

Shares of SLM Corp (NASDAQ:SLM) hit a new 52-week low during mid-day trading on Thursday . The stock 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.

SLM has been the topic of several analyst reports. Zacks Investment Research cut SLM from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. BidaskClub upgraded SLM from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 13th. Oppenheimer set a $13.00 price target on SLM and gave the company a “buy” rating in a research note on Sunday, November 11th. Finally, ValuEngine cut SLM from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.30.

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.86. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 0.50 and a beta of 1.20.

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

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of SLM by 1.9% during the third quarter. Vanguard Group Inc. now owns 26,510,575 shares of the credit services provider’s stock worth $295,592,000 after purchasing an additional 487,512 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of SLM by 1,014.9% during the third quarter. Rehmann Capital Advisory Group now owns 7,693 shares of the credit services provider’s stock worth $690,000 after purchasing an additional 7,003 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of SLM during the third quarter worth about $947,000. Banco de Sabadell S.A grew its holdings in shares of SLM by 36.1% during the third quarter. Banco de Sabadell S.A now owns 182,452 shares of the credit services provider’s stock worth $2,056,000 after purchasing an additional 48,441 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in shares of SLM by 64.9% during the third quarter. Glenmede Trust Co. NA now owns 504,857 shares of the credit services provider’s stock worth $5,629,000 after purchasing an additional 198,657 shares during the last quarter.

About SLM (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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