Sallie Mae (SLM) Now Covered by Wells Fargo

Wells Fargo assumed coverage on shares of Sallie Mae (NASDAQ:SLM) in a research note published on Wednesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $13.50 price target on the credit services provider’s stock.

A number of other research analysts have also weighed in on SLM. BidaskClub upgraded Sallie Mae from a hold rating to a buy rating in a report on Tuesday. Zacks Investment Research upgraded Sallie Mae 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. B. Riley restated a buy rating and issued a $13.00 price objective (down previously from $14.00) on shares of Sallie Mae in a report on Thursday, January 18th. Oppenheimer set a $17.00 price objective on Sallie Mae and gave the company a buy rating in a report on Thursday, January 18th. Finally, BMO Capital Markets restated a hold rating and issued a $15.00 price objective on shares of Sallie Mae in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. Sallie Mae presently has a consensus rating of Buy and a consensus target price of $14.13.

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Shares of SLM stock opened at $11.37 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $4,994.49, a price-to-earnings ratio of 15.78, a PEG ratio of 0.55 and a beta of 1.27. Sallie Mae has a fifty-two week low of $9.65 and a fifty-two week high of $13.20.

Sallie Mae (NASDAQ:SLM) last announced its quarterly earnings data on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $309.19 million for the quarter, compared to analyst estimates of $299.64 million. Sallie Mae had a return on equity of 16.65% and a net margin of 20.23%. During the same quarter last year, the firm posted $0.15 EPS. sell-side analysts expect that Sallie Mae will post 0.99 EPS for the current year.

In related news, CFO Steven Mcgarry sold 13,836 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $11.62, for a total transaction of $160,774.32. Following the completion of the sale, the chief financial officer now directly owns 366,433 shares of the company’s stock, valued at approximately $4,257,951.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Laurent Charles Lutz sold 125,952 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $11.45, for a total value of $1,442,150.40. Following the sale, the executive vice president now directly owns 615,162 shares of the company’s stock, valued at $7,043,604.90. The disclosure for this sale can be found here. Insiders sold a total of 274,939 shares of company stock valued at $3,112,679 over the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new stake in shares of Sallie Mae during the 3rd quarter worth about $115,000. Cerebellum GP LLC acquired a new position in Sallie Mae in the 4th quarter valued at about $127,000. Virtu Financial LLC acquired a new position in Sallie Mae in the 4th quarter valued at about $135,000. Paloma Partners Management Co acquired a new position in Sallie Mae in the 4th quarter valued at about $165,000. Finally, Centaurus Financial Inc. acquired a new position in Sallie Mae in the 4th quarter valued at about $174,000. 99.35% of the stock is owned by hedge funds and other institutional investors.

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About Sallie Mae

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.

Analyst Recommendations for Sallie Mae (NASDAQ:SLM)

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