SLM Corporation (NASDAQ:SLM – Get Free Report) shares fell 5.4% during trading on Wednesday . The stock traded as low as $21.37 and last traded at $21.7980. 636,756 shares were traded during mid-day trading, a decline of 81% from the average session volume of 3,379,198 shares. The stock had previously closed at $23.05.
Wall Street Analysts Forecast Growth
Several research firms recently commented on SLM. JPMorgan Chase & Co. cut their price objective on shares of SLM from $26.00 to $22.00 and set an “underweight” rating for the company in a report on Thursday, April 9th. Wells Fargo & Company cut their price objective on shares of SLM from $32.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Zacks Research downgraded shares of SLM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Compass Point raised shares of SLM from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $22.00 in a report on Monday, March 30th. Finally, Weiss Ratings lowered SLM from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SLM presently has a consensus rating of “Hold” and an average price target of $29.80.
Get Our Latest Analysis on SLM
SLM Stock Performance
SLM (NASDAQ:SLM – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The credit services provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.14 by $0.40. SLM had a net margin of 26.42% and a return on equity of 34.80%. The firm had revenue of $559.99 million during the quarter, compared to the consensus estimate of $486.05 million. During the same period last year, the firm earned $1.40 EPS. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. As a group, sell-side analysts forecast that SLM Corporation will post 3.14 earnings per share for the current fiscal year.
SLM Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, June 4th. SLM’s dividend payout ratio (DPR) is presently 14.40%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in SLM by 19.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider’s stock valued at $66,000 after purchasing an additional 501 shares during the period. Entropy Technologies LP boosted its holdings in SLM by 146.1% in the 1st quarter. Entropy Technologies LP now owns 44,570 shares of the credit services provider’s stock valued at $954,000 after purchasing an additional 26,460 shares during the period. SG Americas Securities LLC boosted its holdings in SLM by 63.1% in the 1st quarter. SG Americas Securities LLC now owns 261,392 shares of the credit services provider’s stock valued at $5,596,000 after purchasing an additional 101,120 shares during the period. Captrust Financial Advisors boosted its holdings in SLM by 31.3% in the 4th quarter. Captrust Financial Advisors now owns 53,673 shares of the credit services provider’s stock valued at $1,452,000 after purchasing an additional 12,793 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in SLM by 9.6% in the 4th quarter. GAMMA Investing LLC now owns 7,649 shares of the credit services provider’s stock valued at $207,000 after purchasing an additional 669 shares during the period. 98.94% of the stock is owned by institutional investors.
About SLM
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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