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SLM

Sallie Mae

$7.20

0.12 (1.69%)

12:45
10/17/16
10/17
12:45
10/17/16
12:45

Sallie Mae says expanding paid parental leave benefit

Sallie Mae is marking open enrollment season this year with a new, more flexible parental leave benefit that will offer as much as 12 weeks of leave at full pay for employees who are new or adoptive parents. The new benefit covers babies born by the biological mother or a surrogate, and adopted children age 5 or younger. For a primary caregiver, the new benefit is 12 weeks of paid leave. The benefit for the secondary caregiver is four weeks of paid leave. Sallie Mae employees with six months of service who work at least 24 hours per week are eligible for the new benefit, which is retroactive to Jan. 1, 2016. Employees on parental leave continue to be eligible to participate in the company's other employee benefit programs, and all benefit elections and contributions remain in effect. The company's parental leave benefit runs concurrently with any short-term disability or Family Medical Leave Act benefits for which an employee may be eligible.

  • 20

    Oct

SLM Sallie Mae
$7.20

0.12 (1.69%)

03/22/16
03/22/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ferrellgas Partners LP (FGP) initiated with a Neutral at Janney Capital by analyst Nathan Judge, who said valuation offsets lack of growth distribution. 2. Monster Beverage (MNST) initiated with a Neutral at BofA/Merrill given shares trade at a premium valuation. 3. Sallie Mae (SLM) initiated with a Buy at DA Davidson by analyst Arren Cyganovich, who believes shares are undervalued given SLM's dominant market position and expected growth. 4. West Pharmaceutical (WST) initiated with an Outperform at Wells Fargo with analyst Tim Evans believing that injectables will grow at twice the rate of small molecule drugs over the next five years. He calls West the dominant manufacturer of critical components for the packaging and delivery of complex injectables. 5. Avis Budget (CAR) initiated with a Buy at Sterne Agee CRT. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/14/16
SBSH
07/14/16
INITIATION
Target $8.5
SBSH
Buy
Sallie Mae initiated with a Buy at Citi
Citi analyst Michael Kaye started Sallie Mae with a Buy rating and $8.50 price target. The company is a "a rarity" among financial stocks since it has "strong" earnings growth and is not dependent on rising interest rates, Kaye tells investors in a research note.
07/14/16
07/14/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ball Corp. (BLL) reinstated with an Equal Weight at Barclays. 2. Southern Company (SO) initiated with a Neutral at Goldman. 3. Achillion (ACHN) initiated with a Sell on lack of data, competition at Chardan. 4. Sallie Mae (SLM) initiated with a Buy at Citi. 5. Vocera (VCRA) initiated with an Outperform at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/10/16
GSCO
08/10/16
UPGRADE
Target $9
GSCO
Conviction Buy
Sallie Mae upgraded to Conviction Buy from Buy at Goldman
Goldman analyst Eric Beardsley added Sallie Mae to the Conviction Buy List given high visibility into its 20%+ EPS CAGR and 15%+ ROE. Following Q2 results, the analyst has increased confidence in earnings given better than expected charge off trends and the first ever CFPB review was positive with no action times for the company. Berdsley has a 9 price target on Sallie Mae shares.

TODAY'S FREE FLY STORIES

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SMMT

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TKPYY

Takeda Pharmaceutical Co. Ltd.

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FNBC

First NBC Bank

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PROV

Provident Financial

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YGE

Yingli Green Energy

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EPC

Edgewell Personal Care

$71.49

-0.14 (-0.20%)

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  • 02

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

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AEP

American Electric

$67.83

-0.27 (-0.40%)

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:34
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Syndicate
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  • 28

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HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

, FNBC

First NBC Bank

$2.65

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HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

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  • 06

    Jun

TSLA

Tesla

$314.07

5.44 (1.76%)

17:31
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Periodicals
Tesla aims to hire engineers from Mexico to work at CA plant, Reuters says »

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  • 03

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LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

17:22
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  • 31

    May

BA

Boeing

$184.83

1.61 (0.88%)

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  • 31

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WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

, RAD

Rite Aid

$4.00

0.05 (1.27%)

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$4.00

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GE

General Electric

$28.99

-0.09 (-0.31%)

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SIX

Six Flags

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LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

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  • 31

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SBBP

Strongbridge Biopharma

$4.50

0.05 (1.12%)

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  • 11

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CYH

Community Health

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MRUS

Merus

$22.20

-0.14 (-0.63%)

17:07
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AEZS

Aeterna Zentaris

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  • 09

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ANY

Sphere 3D

$0.19

-0.006 (-3.13%)

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  • 11

    May

MRUS

Merus

$22.20

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