Nelnet (NNI) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nelnet in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" NNI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NNI, but not buy additional shares or sell existing shares.
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1 analysts have issued 1-year price objectives for Nelnet's shares. Their NNI share price forecasts range from $93.00 to $93.00. On average, they predict the company's share price to reach $93.00 in the next year. This suggests that the stock has a possible downside of 7.6%.
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Nelnet's stock was trading at $90.75 at the beginning of the year. Since then, NNI stock has increased by 10.9% and is now trading at $100.67.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our NNI earnings forecast.

Nelnet, Inc. (NYSE:NNI) released its quarterly earnings results on Monday, November, 8th. The credit services provider reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.68 by $0.45. The credit services provider earned $286.66 million during the quarter. Nelnet had a trailing twelve-month return on equity of 6.63% and a net margin of 12.42%.

Nelnet declared a quarterly dividend on Monday, May 8th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.26 per share on Thursday, June 15th. This represents a $1.04 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for NNI.

ETFs with the largest weight of Nelnet (NYSE:NNI) stock in their portfolio include WisdomTree U.S. SmallCap Fund (EES), First Trust Small Cap Value AlphaDEX Fund (FYT), Global X Millennial Consumer ETF (MILN), RiverFront Dynamic US Flex-Cap ETF (RFFC), Dimensional US Small Cap Value ETF (DFSV), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), VictoryShares US Small Cap Volatility Wtd (CSA) and Dimensional U.S. Targeted Value ETF (DFAT).

Nelnet (NYSE:NNI) pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.08%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 15.76%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for NNI.

187 employees have rated Nelnet Chief Executive Officer Mike Dunlap on Glassdoor.com. Mike Dunlap has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nelnet investors own include Altria Group (MO), Exxon Mobil (XOM), Consolidated Edison (ED), Enbridge (ENB), Edwards Lifesciences (EW), International Business Machines (IBM), MetLife (MET), Pfizer (PFE), Shaw Communications (SJR) and AT&T (T).

Nelnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "NNI."

Nelnet's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.69%), BlackRock Inc. (2.86%), Envestnet Asset Management Inc. (2.02%), State Street Corp (0.89%), Geode Capital Management LLC (0.83%) and Snyder Capital Management L P (0.77%). Insiders that own company stock include Shelby J Butterfield, Shelby J Butterfield, William J Munn and William J Munn.
View institutional ownership trends.

Shares of NNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NNI stock can currently be purchased for approximately $100.67.

Nelnet (NYSE:NNI) has a market capitalization of $3.75 billion and generates $1.99 billion in revenue each year. The credit services provider earns $407.35 million in net income (profit) each year or $6.60 on an earnings per share basis.

The company employs 8,237 workers across the globe.

Nelnet's mailing address is 121 SOUTH 13TH STREET SUITE 100, LINCOLN NE, 68508. The official website for the company is www.nelnet.com. The credit services provider can be reached via phone at (402) 458-2370, via email at investorrelations@nelnet.net, or via fax at 402-458-2344.