SLM Corp. (SLM) concluded trading on Thursady at a closing price of $19.69, with 3.28 million shares of worth about $64.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.24% during that period and on Thursady the price saw a loss of about -0.40%. Currently the company’s common shares owned by public are about 226.27M shares, out of which, 222.86M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 26 times over the past 12 months. They bought 160,711 shares in 19 of the transactions. In 7 selling transactions, insiders dumped 159,932 shares.
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However, the stock later moved at a day high price of 20.11, or with a loss of -0.40%. Stock saw a price change of -2.33% in past 5 days and over the past one month there was a price change of 2.61%. Year-to-date (YTD), SLM shares are showing a performance of 2.98% which increased to 36.93% 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 $20.65 during that period. The average intraday trading volume for SLM Corp. shares is 2.32 million. The stock is currently trading -0.33% below its 20-day simple moving average (SMA20), while that difference is up 3.52% for SMA50 and it goes to 23.23% higher than SMA200.
SLM Corp. (NASDAQ: SLM) currently have 226.27M outstanding shares and institutions hold larger chunk of about 97.16% of that.
The stock has a current market capitalization of $4.46B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 8.22, 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 2.32% while standing at 2.53% over the month.
Analysts are in expectations that SLM Corp. (SLM) stock would likely to be making an EPS of $1.06 in the current quarter, while forecast for next quarter EPS is $0.47 and it is $2.91 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.84 which is $1.27 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 10.74% while it is estimated to increase by 8.92% 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. Coverage by Deutsche Bank stated SLM Corp. (SLM) stock as a Buy in their note to investors on January 10, 2024, suggesting a price target of $25 for the stock. On January 04, 2024, JP Morgan Downgrade their recommendations, while on December 08, 2023, Wells Fargo Upgrade their ratings for the stock with a price target of $20. Stock get an Overweight rating from Barclays on November 15, 2023.
