The price of SLM Corp. (NASDAQ:SLM) shares last traded on Wall Street fell -1.49% to $20.54.
SLM stock price is now 4.20% away from the 50-day moving average and 25.20% away from the 200-day moving average. The market capitalization of the company currently stands at $4.53B.
With the price target enhanced from $14 to $23, Citigroup Upgraded its rating from Neutral to Buy for SLM Corp. (NASDAQ: SLM). On January 10, 2024, Deutsche Bank recently initiated its ‘Buy’ rating on the stock quoting a target price of $25, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Boyles Jonathan, SVP & Controller sold 94,078 shares of the company’s stock on Feb 29 ’24. The stock was sold for $1,949,023 at an average price of $20.72. Upon completion of the transaction, the SVP & Controller now directly owns 52,751 shares in the company, valued at $1.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 30 ’24, EVP & Chief Commercial Officer VIEIRA DONNA F sold 12,308 shares of the business’s stock. A total of $249,484 was realized by selling the stock at an average price of $20.27. This leaves the insider owning 126,500 shares of the company worth $2.6 million. A total of 1.59% of the company’s stock is owned by insiders.
During the past 12 months, SLM Corp. has had a low of $10.81 and a high of $21.33. The fifty day moving average price for SLM is $19.75 and a two-hundred day moving average price translates $16.43 for the stock.
The latest earnings results from SLM Corp. (NASDAQ: SLM) was released for Dec, 2023. According to the Credit Services Company, earnings per share came in at $0.91, beating analysts’ expectations of $0.89 by 0.02. This compares to -$0.27 EPS in the same period last year. The net profit margin was 19.53% and return on equity was 32.23% for SLM. The company reported revenue of $668.55 million for the quarter, compared to $583.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.56 percent. For the current quarter, analysts expect SLM to generate $397.47M in revenue.
