The Vanguard Group, Inc. has recently announced that it has increased stake in SLM Corp. (NASDAQ:SLM) by 0.33%. After grabbing 31.62 million shares, the institutional investor is now in possession of 0.1 million shares of the Financial Company. The new investment brought the stake of investor firm to 13.97% having worth around $604.53 million. Moreover, Hotchkis & Wiley Capital Manageme increased its share by 0.57 million to have a control over 6.93 million shares.
SLM Corp. (SLM) concluded trading on Thursday at a closing price of $19.86, with 5.03 million shares of worth about $99.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.14% during that period and on Thursday, January 25 the price saw a gain of about 3.44%. Currently the company’s common shares owned by public are about 226.27M shares, out of which, 222.95M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 63 times over the past 12 months. They bought 1,162,369 shares in 32 of the transactions. In 31 selling transactions, insiders dumped 458,225 shares.
Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and MFS Mid Cap Value Fund are the top 3 mutual funds which are holding stakes in SLM Corp. Vanguard Total Stock Market ETF is currently holding 7.22 million shares of worth totaling $138.1 million. The company recently came buying 6837.0 shares which brought its stake up to 3.19% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF bought 6215.0 shares, after which its hold over company’s outstanding shares expand to 3.04%, leaving 6.87 million shares with the mutual fund that have a worth of about $131.45 million. MFS Mid Cap Value Fund, after selling 6.43 million shares, have now control over 2.84% of the stake in the company. It holds 12573.0 shares of worth $122.88 million.
Stock saw a price change of 7.12% in past 5 days and over the past one month there was a price change of 5.30%. Year-to-date (YTD), SLM shares are showing a performance of 3.87% which increased to 17.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.81 but also hit the highest price of $19.46 during that period. The average intraday trading volume for SLM Corp. shares is 2.25 million. The stock is currently trading 5.43% above its 20-day simple moving average (SMA20), while that difference is up 15.65% for SMA50 and it goes to 28.47% higher than SMA200.
The Vanguard Group, Inc. acquired 31.62 million shares of SLM Corp. having value of about $604.53 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.1 million shares in the company valued at close to $2046255.24, or have control over 0.33% stake in the company. SLM Corp. (NASDAQ: SLM) currently have 226.27M outstanding shares and institutions hold larger chunk of about 96.71% of that. Holding of mutual funds in the company is about 41.61% while other institutional holders and individual stake holders have control over 56.67% and 10.72% of the stake respectively.
The stock has a current market capitalization of $4.49B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 8.29, while it has posted earnings per share of $2.40 in the same period. Its PEG reads 0.28 while making debt-to-equity ratio of 2.78. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SLM, volatility over the week remained 2.68% while standing at 2.22% over the month.
Analysts are in expectations that SLM Corp. (SLM) stock would likely to be making an EPS of $0.5 in the current quarter, while forecast for next quarter EPS is $0.97 and it is $2.89 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.05 which is $1.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.47 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 10.65% while it is estimated to increase by 8.86% in next year. EPS is likely to grow at an annualized rate of 29.58% for next 5-years, compared to annual growth of 17.56% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on January 16, 2024 offering a Buy rating for the stock and assigned a target price range of between $14 and $23 to it.
