SLM (NASDAQ:SLM) Stock Gets Price Target Cut from JPMorgan Chase & Co.

SLM (NASDAQ:SLM) had its target price decreased by JPMorgan Chase & Co. from $25.00 to $22.00 in a report released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the credit services provider’s stock.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of SLM in a report on Monday, September 14th. Wall Street Zen downgraded SLM from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Morgan Stanley upped their target price on SLM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Royal Bank Of Canada cut their target price on SLM from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Finally, Wells Fargo & Company set a $28.00 price target on shares of SLM in a research report on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $29.40.

SLM Stock Down 2.3%

Shares of NASDAQ:SLM opened at $22.17 on Monday. SLM has a 52-week low of $17.77 and a 52-week high of $31.06. The firm has a fifty day moving average of $25.28 and a 200 day moving average of $23.99. The firm has a market capitalization of $4.17 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.32 and a current ratio of 1.33.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.17). SLM had a net margin of 26.09% and a return on equity of 33.81%. The firm had revenue of $401.11 million for the quarter, compared to analysts’ expectations of $409.22 million. During the same quarter in the previous year, the business earned $0.32 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. As a group, research analysts anticipate that SLM will post 3.12 EPS for the current fiscal year.

SLM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 2.3%. SLM’s payout ratio is currently 14.53%.

Institutional Trading of SLM

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of SLM in the second quarter worth $455,576,000. Jupiter Topco LLC bought a new stake in SLM during the 2nd quarter valued at $2,236,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in SLM during the 2nd quarter valued at $4,184,000. PDT Partners LLC bought a new stake in SLM during the 2nd quarter valued at $5,261,000. Finally, Bank of America Corp DE purchased a new stake in SLM during the 2nd quarter valued at $37,268,000. 98.94% of the stock is currently owned by hedge funds and other institutional investors.

SLM Company Profile

SLM Corp., operating under the Sallie Mae brand, is a financial services company focused on education financing. It primarily provides private student loans to undergraduate and graduate students, as well as education loans for parents and other creditworthy borrowers. Sallie Mae also offers related products and resources designed to help families plan and pay for college.

The company’s private education loans can be used for eligible expenses such as tuition, fees, books, supplies, and living costs.