SLM (NASDAQ:SLM) Price Target Increased to $25.00 by Analysts at JPMorgan Chase & Co.

SLM (NASDAQ:SLM) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from $23.00 to $25.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 8.65% from the company’s current price.

Other equities analysts also recently issued research reports about the company. TD Cowen increased their price target on SLM from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Keefe, Bruyette & Woods increased their price target on SLM from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday. Wedbush upped their price objective on SLM from $25.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank of Canada increased their price target on SLM from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Wells Fargo & Company raised their target price on SLM from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.18.

SLM Trading Down 2.7 %

SLM stock traded down $0.63 during mid-day trading on Thursday, hitting $23.01. The company’s stock had a trading volume of 891,147 shares, compared to its average volume of 1,926,898. The company has a 50 day moving average of $21.20 and a 200-day moving average of $20.75. The stock has a market cap of $5.06 billion, a PE ratio of 7.19, a P/E/G ratio of 0.47 and a beta of 1.17. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.23 and a current ratio of 1.23. SLM has a one year low of $12.26 and a one year high of $23.95.

SLM (NASDAQ:SLM) last announced its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.79 by $0.32. The company had revenue of $783.28 million for the quarter, compared to the consensus estimate of $368.97 million. SLM had a return on equity of 45.65% and a net margin of 25.15%. During the same quarter in the prior year, the company posted $1.10 EPS. On average, research analysts anticipate that SLM will post 2.78 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SLM. Hexagon Capital Partners LLC lifted its holdings in shares of SLM by 1,373.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,326 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 1,236 shares during the last quarter. Blue Trust Inc. increased its position in SLM by 81.4% during the 4th quarter. Blue Trust Inc. now owns 1,328 shares of the credit services provider’s stock worth $25,000 after purchasing an additional 596 shares during the period. Daiwa Securities Group Inc. acquired a new stake in shares of SLM in the 4th quarter worth approximately $29,000. SYSTM Wealth Solutions LLC grew its holdings in shares of SLM by 37.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 1,828 shares of the credit services provider’s stock worth $40,000 after acquiring an additional 494 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of SLM in the 4th quarter worth approximately $40,000. 98.94% of the stock is owned by institutional investors and hedge funds.

About 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 is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.