SLM Corporation (NASDAQ:SLM – Get Free Report) has received an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $29.80.
A number of brokerages have issued reports on SLM. Zacks Research lowered SLM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada set a $28.00 price target on SLM in a research note on Friday, April 10th. JPMorgan Chase & Co. cut their price target on SLM from $26.00 to $22.00 and set an “underweight” rating for the company in a research note on Thursday, April 9th. Morgan Stanley set a $27.00 price target on SLM in a research note on Friday, April 24th. Finally, Compass Point upgraded SLM from a “sell” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $22.00 in a research report on Monday, March 30th.
Get Our Latest Stock Report on SLM
SLM Trading Up 2.9%
SLM (NASDAQ:SLM – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The credit services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.40. SLM had a return on equity of 34.80% and a net margin of 26.42%.The business had revenue of $559.99 million during the quarter, compared to analyst estimates of $486.05 million. During the same quarter in the prior year, the business posted $1.40 EPS. SLM’s revenue for the quarter was down 3.6% compared to the same quarter last year. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. On average, analysts predict that SLM will post 3.14 EPS for the current fiscal year.
SLM Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. SLM’s dividend payout ratio (DPR) is presently 14.40%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of SLM by 139.5% during the fourth quarter. SG Americas Securities LLC now owns 160,272 shares of the credit services provider’s stock valued at $4,337,000 after purchasing an additional 93,364 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of SLM during the third quarter valued at about $951,000. Goldman Sachs Group Inc. grew its position in shares of SLM by 33.4% during the first quarter. Goldman Sachs Group Inc. now owns 547,724 shares of the credit services provider’s stock valued at $16,087,000 after purchasing an additional 137,285 shares in the last quarter. Entropy Technologies LP grew its position in shares of SLM by 616.6% during the third quarter. Entropy Technologies LP now owns 109,485 shares of the credit services provider’s stock valued at $3,031,000 after purchasing an additional 94,207 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of SLM by 6.1% during the second quarter. Captrust Financial Advisors now owns 36,889 shares of the credit services provider’s stock valued at $1,210,000 after purchasing an additional 2,109 shares in the last quarter. Hedge funds and other institutional investors own 98.94% of the company’s stock.
SLM Company Profile
SLM Corporation, operating as Sallie Mae Bank, is a leading U.S.-based consumer banking company specializing in education financing and related banking products. The company provides a range of private student loans for undergraduate and graduate studies, Parent PLUS loans, and specialized financing for career and certificate programs. In addition to its core lending services, Sallie Mae offers deposit products including savings accounts, checking accounts, money market accounts, certificates of deposit, and credit cards tailored to students and young adults.
Founded in 1972 as the Student Loan Marketing Association—a government-sponsored enterprise—Sallie Mae was privatized in 2004 and has since focused on expanding its private education loan offerings and digital banking solutions.
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