SLM (NASDAQ:SLM) Updates FY 2025 Earnings Guidance

SLM (NASDAQ:SLM - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 3.000-3.100 for the period, compared to the consensus earnings per share estimate of 3.107. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research firms recently commented on SLM. Wells Fargo & Company raised their price target on shares of SLM from $34.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Morgan Stanley restated an "overweight" rating and set a $40.00 price target (up from $33.00) on shares of SLM in a report on Wednesday, May 21st. JPMorgan Chase & Co. upgraded shares of SLM from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $29.00 to $38.00 in a report on Friday, July 11th. Royal Bank Of Canada restated an "outperform" rating on shares of SLM in a report on Monday, July 14th. Finally, Barclays raised their price target on shares of SLM from $34.00 to $38.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $34.00.

SLM Stock Down 3.1%

NASDAQ SLM traded down $1.01 during trading on Thursday, reaching $32.01. The company's stock had a trading volume of 2,693,049 shares, compared to its average volume of 2,614,667. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.86. The stock has a market capitalization of $6.72 billion, a PE ratio of 11.51, a PEG ratio of 0.73 and a beta of 1.09. The business has a 50-day moving average price of $32.81 and a 200-day moving average price of $30.28. SLM has a 1-year low of $19.39 and a 1-year high of $34.97.

SLM (NASDAQ:SLM - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The credit services provider reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.22). SLM had a net margin of 21.05% and a return on equity of 31.25%. On average, research analysts forecast that SLM will post 3.07 earnings per share for the current fiscal year.

SLM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, September 4th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, September 4th. SLM's dividend payout ratio (DPR) is currently 18.71%.

Insider Transactions at SLM

In related news, Director Robert S. Strong sold 3,000 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $31.15, for a total transaction of $93,450.00. Following the transaction, the director owned 35,195 shares of the company's stock, valued at approximately $1,096,324.25. The trade was a 7.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On SLM

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in SLM by 33.4% during the first quarter. Goldman Sachs Group Inc. now owns 547,724 shares of the credit services provider's stock worth $16,087,000 after acquiring an additional 137,285 shares during the period. NewEdge Advisors LLC increased its holdings in SLM by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider's stock valued at $627,000 after buying an additional 1,319 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in SLM in the 1st quarter valued at $263,000. Institutional investors own 98.94% of the company's stock.

About SLM

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.

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