Currently, there are 220.34M common shares owned by the public and among those 208.98M shares have been available to trade.
The company’s stock has a 5-day price change of 14.87% and 27.18% over the past three months. SLM shares are trading 43.41% year to date (YTD), with the 12-month market performance up to 94.19% higher. It has a 12-month low price of $14.03 and touched a high of $28.22 over the same period. SLM has an average intraday trading volume of 1.74 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 14.06%, 18.49%, and 26.79% respectively.
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Institutional ownership of SLM Corp (NASDAQ: SLM) shares accounts for 98.38% of the company’s 220.34M shares outstanding.
It has a market capitalization of $5.82B and a beta (3y monthly) value of 1.22. The stock’s trailing 12-month PE ratio is 9.53, while the earnings-per-share (ttm) stands at $2.88. The company has a debt-to-equity ratio at 2.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.96% over the week and 3.13% over the month.
Earnings per share for the fiscal year are expected to increase by 13.81%, and 10.16% over the next financial year. EPS should shrink at an annualized rate of -1.18% over the next five years, compared to 17.55% over the past 5-year period.
Looking at the support for the SLM, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on September 25, 2024, with the firm’s price target at $27. Citigroup coverage for the SLM Corp (SLM) stock in a research note released on January 16, 2024 offered a Buy rating with a price target of $23. Deutsche Bank was of a view on January 10, 2024 that the stock is Buy, while JP Morgan gave the stock Neutral rating on January 04, 2024, issuing a price target of $18- $20. Wells Fargo on their part issued Overweight rating on December 08, 2023.
