SLM Corporation (NASDAQ: SLM) is 5.17% higher on its value in year-to-date trading and has touched a low of $5.60 and a high of $13.22 in the current 52-week trading range. The SLM stock was last observed hovering at around $13.04 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $13.00 for the next 12 months. It is also 18.56% off the consensus price target high of $16.00 offered by 12 analysts, but current levels are -37.16% lower than the price target low of $9.50 for the same period.
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Currently trading at $13.03, the stock is 6.44% and 16.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.72 million and changing -0.08% at the moment leaves the stock 53.39% off its SMA200. SLM registered 51.34% gain for a year compared to 6-month gain of 90.50%. The firm has a 50-day simple moving average (SMA 50) of $11.89 and a 200-day simple moving average (SMA200) of $8.98.
The stock witnessed a 15.41% loss in the last 1 month and extending the period to 3 months gives it a 48.91%, and is 5.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.91% over the week and 2.73% over the month.
SLM Corporation (SLM) has around 1900 employees, a market worth around $4.89B and $2.14B in sales. Current P/E ratio is 9.27 and Fwd P/E is 8.06. Profit margin for the company is 27.00%. Distance from 52-week low is 132.68% and -1.40% from its 52-week high. The company has generated returns on investments over the last 12 months (15.20%).
SLM Corporation (SLM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for SLM Corporation (SLM) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.00, where 4 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
SLM Corporation is expected to release its quarterly report on 04/21/2021 and quarterly earnings per share for the current quarter are estimated at $0.32 with sales reaching $371.07M over the same period.The EPS is expected to grow by 40.50% this year, but quarterly earnings will post -8.40% year-over-year. Quarterly sales are estimated to shrink -11.50% in year-over-year returns.
SLM Corporation (SLM) Top Institutional Holders
386 institutions hold shares in SLM Corporation (SLM), with 3.52M shares held by insiders accounting for 0.94% while institutional investors hold 103.12% of the company’s shares. The shares outstanding are 375.09M, and float is at 371.76M with Short Float at 2.76%. Institutions hold 102.15% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 32.91 million shares valued at $266.25 million. The investor’s holdings represent 8.77% of the SLM Shares outstanding. As of Sep 29, 2020, the second largest holder is ValueAct Holdings, L.P. with 32.29 million shares valued at $261.26 million to account for 8.61% of the shares outstanding. The other top investors are Blackrock Inc. which holds 31.03 million shares representing 8.27% and valued at over $251.06 million, while CI Investments Inc. holds 5.22% of the shares totaling 19.6 million with a market value of $158.58 million.
SLM Corporation (SLM) Insider Activity
A total of 14 insider transactions have happened at SLM Corporation (SLM) in the last six months, with sales accounting for 9 and purchases happening 5 times. The most recent transaction is an insider sale by Thome Paul F, the company’s EVP. SEC filings show that Thome Paul F sold 32,903 shares of the company’s common stock on Oct 27 at a price of $9.25 per share for a total of $0.3 million. Following the sale, the insider now owns 0.18 million shares.
SLM Corporation disclosed in a document filed with the SEC on Jan 27 that GOODE EARL A (Director) sold a total of 7,323 shares of the company’s common stock. The trade occurred on Jan 27 and was made at $11.24 per share for $82280.0. Following the transaction, the insider now directly holds 0.13 million shares of the SLM stock.
SLM Corporation (SLM): Who are the competitors?
The company’s main competitors (and peers) include World Acceptance Corporation (WRLD) that is trading 42.19% up over the past 12 months. Navient Corporation (NAVI) is -19.53% down on the 1-year trading charts. Short interest in the company’s stock has risen 17.14% from the last report on Nov 12, 2020 to stand at a total of 8.51 million short shares sold with a short interest ratio of 2.98.