What is SLM Corp's stock symbol?
SLM Corp trades on the NASDAQ under the ticker symbol "SLM."
Where is SLM Corp's stock going? Where will SLM Corp's stock price be in 2017?
10 brokerages have issued 12 month target prices for SLM Corp's shares. Their forecasts range from $8.50 to $14.00. On average, they anticipate SLM Corp's share price to reach $11.00 in the next twelve months.
When will SLM Corp announce their earnings?
SLM Corp is scheduled to release their next quarterly earnings announcement on Tuesday, April, 18th 2017.
What are analysts saying about SLM Corp stock?
Here are some recent quotes from research analysts about SLM Corp stock:
- Wedbush analysts commented, "We are initiating coverage on SLM Corp. (SLM) with an OUTPERFORM rating and a $13 price target. SLM is the largest private student loan originator in the country, accounting for over 50% of private originations. Over the last three years, growth in private student loan balances has been significant, loan quality stable, and adjusted EPS increased at an annualized rate of 20%. We think these trends will continue over the next three to five years." (1/30/2017)
Jefferies Group LLC analysts commented, "SLM reported 4Q16 EPS of $0.15, beating both our estimate and consensus of $0.14. We classify 4Q16 as another solid quarter with strong fundamentals including continued strong top-line growth, consistent credit and strong expense controls. Preliminary 2017 guidance implies 28% growth at the midpoint which is in-line consensus and reflects strong secular growth. We consider the growth factors very appealing and continue to favor SLM. Results versus our model. Net interest income of $245M beat our forecast of $237M while non-interest income of $9M was slightly lower than our $12M forecast. The provision for loan losses of $43M exceeded our $40M estimate somewhat offsetting the top-line beat although we note that credit remains very stable (i.e. NCOs were down meaningfully from year ago results). In addition, non-interest expense of $98M was slightly better than our estimate of $99M and produced an efficiency ratio of 38.5% versus our 40% forecast." (1/19/2017)
According to Zacks Investment Research, "Sallie Mae shares have significantly outperformed the Zacks categorized Consumer Loan industry year to date. Sallie Mae, which started operating independently following the separation of SLM Corporation in Apr 2014, remains focused on its several goals, including enhancing private education loan assets and revenues. For 2016, the company projects core earnings per share of $0.52, and private education loan originations of $4.6 billion. We believe that the economic recovery and declining unemployment rate should help Sallie Mae to maintain its leading position in the student lending market. Nevertheless, we remain cautious due to a competitive business environment and a stringent regulatory landscape." (11/29/2016)
Barclays PLC analysts commented, "We hosted two days of investor meetings with SLM. Overall, we came away with a reinforced view on the long-term growth prospects of the stock. If anything, we are probably more bullish now. Prior to the election, SLM was already a robust growth story, but had some warranted legislative risks. Now those risks, at a minimum, are off the table in our view. And instead, we think the legislative/regulatory landscape has become more supportive to private student lending and could actually create catalysts. SLM could benefit from any one or a combination of potential catalysts that include, lower corporate taxes, reduction in Federal student lending, and a much less likely revival of the FFELP program in some form. While the stock has rallied +34% (vs. +2% SPX) since 11/9, SLM trades at ~14x 2017 EPS, and still at a discount to the broader SMIDcap bank group (~17x) and also a discount to our DCF- driven PT of $12 (up from $11, reflecting a lower discount rate). Ultimately, we think that none of these catalysts are fully priced in, so owning SLM here provides a free call option on EPS upside from these potential catalysts, in our view." (11/21/2016)
Citigroup Inc. analysts commented, "We believe SLM is a rarity among financial stocks given its strong earnings growth and is not dependent on rising int rates. We see EPS growing 25 percent in '16–'18, led by 20+ percent loan growth and expense leverage," analyst Michael Kaye wrote in a note.In contrast to the federal loan market, the analyst said SLM's private student loans are conservatively underwritten "with avg FICO of 740+ w/ a 90 percent cosign rate."Kaye noted that comparable legacy SLM charge-offs peaked at 2.7 percent in '10 vs. 0.95 percent in Q1.Related Link: Expect The Expected: Barclays Sees In-Line Q2 Results For Navient, SLM CorpKaye expects 2016 EPS of $0.51 in line with consensus and 2017 EPS of $0.64 ($0.02 below consensus)."We view private student lending as a niche business within consumer finance with high credit quality as well as solid ROEs (13–15 percent)," (7/14/2016)
Who owns SLM Corp stock?
SLM Corp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (0.25%), Gabelli Funds LLC (0.16%), Putnam Investments LLC (0.07%), Gamco Investors INC. ET AL (0.05%), Cantab Capital Partners LLP (0.01%) and Cigna Investments Inc. New (0.00%). Company insiders that own SLM Corp stock include Earl A Goode, Jeffrey Dale, Laurent Charles Lutz, Marianne M Keler, Raymond J Quinlan, Robert S Strong and Steven Mcgarry.
Who sold SLM Corp stock? Who is selling SLM Corp stock?
SLM Corp's stock was sold by a variety of institutional investors in the last quarter, including Cantab Capital Partners LLP and Gabelli Funds LLC.
Who bought SLM Corp stock? Who is buying SLM Corp stock?
SLM Corp's stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Putnam Investments LLC and Cigna Investments Inc. New. Company insiders that have bought SLM Corp stock in the last two years include Earl A Goode, Jeffrey Dale, Laurent Charles Lutz, Marianne M Keler, Raymond J Quinlan, Robert S Strong and Steven Mcgarry.
How do I buy SLM Corp stock?
Shares of SLM Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of SLM Corp stock cost?
One share of SLM Corp stock can currently be purchased for approximately $11.96.