With over 8.84 million SLM Corporation (SLM) shares trading Monday and a closing price of $7.64 on the day, the dollar volume was approximately $67.54 million. The shares have shown a positive weekly performance of 2.83% and its price on 08/31/20 lost nearly -1.80%. Currently, there are 375.01M common shares owned by the public and among those 371.92M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for SLM have a consensus price objective of $9.77. The analysts have set the share’s price value over the next 12 months at a high of $12.00 and a low of $7.50 should the stock experience a downside. Incidentally, analysts’ outlook for the SLM Corporation stock is 1.90 for the next 12 months. The average price target is 21.8% above its last price level and an upside to the estimated low will see the stock lose -1.87% over that period. But an upside of 36.33% will see the stock hit the forecast high price target while mean target price for the stock is $10.00.
Insiders at the company have transacted a total of 78 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 1,599,175 shares. Insider sales of the common stock occurred on 49 occasions, with total insider shares sold totaling 233,827 shares.
The top 3 mutual fund holders in SLM Corporation are Vanguard Total Stock Market Index, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market Index owns 10.62 million shares of the company’s stock, all valued at over $71.87 million. The company sold 74518.0 shares recently to bring their total holdings to about 2.83% of the shares outstanding. iShares Core S&P Mid Cap ETF sold 82645.0 shares to see its total holdings shrink to 9.94 million shares valued at over $67.27 million and representing 2.65% of the shares outstanding. Vanguard Small Cap Index Fund sold 76904.0 shares to bring its total holdings to over 9.33 million shares at a value of $63.14 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.49% of the shares outstanding.
Shares of SLM Corporation (NASDAQ: SLM) opened at $7.76, down -$0.02 from a prior closing price of $7.78. However, the script later closed the day at $7.64, down -1.80%. The company’s stock has a 5-day price change of 2.83% and 0.26% over the past three months. SLM shares are trading -14.25% year to date (YTD), with the 12-month market performance down to -9.48% lower. It has a 12-month low price of $5.60 and touched a high of $12.32 over the same period. Currently, 8.84 million shares have been traded, compared to an average intraday trading volume of 5.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.71%, 8.01%, and -7.66% respectively.
Institutional ownership of SLM Corporation (NASDAQ: SLM) 375.01M shares outstanding. Mutual fund holders own 55.55%, while other institutional holders and individual stakeholders account for 6.14% and 47.43% respectively.
It has a market capitalization of $2.78B and a beta (3y monthly) value of 1.41. The stock’s trailing 12-month PE ratio is 6.11, while the earnings-per-share (ttm) stands at $1.25. The company has a PEG of 0.39 and the debt-to-equity ratio at 17.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.01% over the week and 2.91% over the month.
Analysts forecast that SLM Corporation (SLM) will achieve an EPS of $0.08 for the current quarter, $0.29 for the next quarter and $1.44 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of $0.22. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to increase by 40.50%, and 49.84% over the next financial year. EPS should shrink at an annualized rate of 15.55% over the next five years, compared to 25.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate SLM Corporation (SLM) as a “Strong Buy” at a consensus score of 1.90. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 3 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SLM, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on July 15, 2020, with the firm’s price target at $7.50. BMO Capital Markets coverage for the SLM Corporation (SLM) stock in a research note released on May 15, 2020 offered a Market Perform rating with a price target of $9. Oppenheimer was of a view on January 24, 2020 that the stock is Perform, while Compass Point gave the stock Neutral rating on July 26, 2019, issuing a price target of. Stephens on their part issued Overweight rating on July 10, 2018.