SLM Corp (NASDAQ: SLM) is 45.82% higher on its value in year-to-date trading and has touched a low of $14.03 and a high of $27.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLM stock was last observed hovering at around $27.13 in the last trading session, with the day’s gains setting it 0.75%.
Currently trading at $27.88, the stock is 17.26% and 21.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.76 million and changing 2.76% at the moment leaves the stock 29.15% off its SMA200. SLM registered 93.88% gain for a year compared to 6-month gain of 35.93%. The firm has a 50-day simple moving average (SMA 50) of $22.8912 and a 200-day simple moving average (SMA200) of $21.54655.
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The stock witnessed a 27.31% loss in the last 1 month and extending the period to 3 months gives it a 31.82%, and is 15.21% 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 3.79% over the week and 3.14% over the month.
SLM Corp (SLM) has around 1740 employees, a market worth around $6.46B and $3.07B in sales. Current P/E ratio is 9.69 and Fwd P/E is 9.23. Profit margin for the company is 21.05%. Distance from 52-week low is 98.72% and 2.58% from its 52-week high. The company has generated returns on investments over the last 12 months (7.91%).
with sales reaching $371.74M over the same period.The EPS is expected to grow by 13.81% this year, but quarterly earnings will post -4.59% year-over-year. Quarterly sales are estimated to shrink -3.67% in year-over-year returns.
SLM Corp (SLM) Top Institutional Holders
445.0 institutions hold shares in SLM Corp (SLM), with institutional investors hold 101.77% of the company’s shares. The shares outstanding are 220.34M, and float is at 208.98M with Short Float at 3.32%. Institutions hold 100.67% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 31.62 million shares valued at $657.42 million. The investor’s holdings represent 14.3465% of the SLM Shares outstanding. As of 2024-06-30, the second largest holder is IMPACTIVE CAPITAL LP with 19.7 million shares valued at $409.51 million to account for 8.9365 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 19.19 million shares representing 8.7072% and valued at over $399.0 million, while FIRST TRUST ADVISORS LP holds 6.1181 of the shares totaling 13.49 million with a market value of $280.36 million.
SLM Corp (SLM) Insider Activity
The most recent transaction is an insider sale by Strong Robert S., the company’s Director. SEC filings show that Strong Robert S. sold 4,500 shares of the company’s common stock on Nov 01 ’24 at a price of $22.11 per share for a total of $99505.0. Following the sale, the insider now owns 87630.0 shares.
Still, SEC filings show that on Oct 01 ’24, Strong Robert S. (Director) disposed off 4,500 shares at an average price of $22.72 for $0.1 million. The insider now directly holds 92,130 shares of SLM Corp (SLM).
