During the last session, SLM Corp. (NASDAQ:SLM)’s traded shares were 15.73 million, with the beta value of the company hitting 1.17. At the end of the trading day, the stock’s price was $20.54, reflecting an intraday loss of -1.49% or -$0.31. The 52-week high for the SLM share is $21.33, that puts it down -3.85 from that peak though still a striking 47.37% gain since the share price plummeted to a 52-week low of $10.81. The company’s market capitalization is $4.53B, and the average intraday trading volume over the past 10 days was 2.24 million shares, and the average trade volume was 2.23 million shares over the past three months.
SLM Corp. (NASDAQ:SLM) trade information
SLM Corp. (SLM) registered a -1.49% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.49% in intraday trading to $20.54, hitting a weekly high. The stock’s 5-day price performance is -0.68%, and it has moved by 1.88% in 30 days. Based on these gigs, the overall price performance for the year is 66.18%. The short interest in SLM Corp. (NASDAQ:SLM) is 10.7 million shares and it means that shorts have 4.19 day(s) to cover.
SLM Corp. (SLM) estimates and forecasts
Statistics show that SLM Corp. has underperformed its competitors in share price, compared to the industry in which it operates. SLM Corp. (SLM) shares have gone up 44.14% during the last six months, with a year-to-date growth rate less than the industry average at 11.20% against 13.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 125.50% this quarter and then drop -56.40% in the quarter after that. In the rating firms’ projections, revenue will decrease -0.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $397.47 million as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $374.7 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $405.07 million and $386.63 million respectively. In this case, analysts expect current quarter sales to shrink by -1.90% and then drop by -3.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 17.55%. While earnings are projected to return 10.99% in 2024, the next five years will return 29.58% per annum.
SLM Dividends
SLM Corp. is due to release its next quarterly earnings between April 24 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for SLM Corp. is 0.44, with the dividend yield indicating at 2.14 percent, continuing the trend of increasing dividends in recent years.
SLM Corp. (NASDAQ:SLM)’s Major holders
SLM Corp. insiders own 1.12% of total outstanding shares while institutional holders control 100.85%, with the float percentage being 102.00%. Vanguard Group Inc is the largest shareholder of the company, while 418 institutions own stock in it. As of Jun 29, 2023, the company held over 31.93 million shares (or 14.12% of all shares), a total value of $521.02 million in shares.
The next largest institutional holding, with 21.48 million shares, is of Blackrock Inc.’s that is approximately 9.50% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $350.61 million.
Also, the Mutual Funds coming in first place with the largest holdings of SLM Corp. (SLM) shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 7.53 million shares. This amounts to just over 3.33 percent of the company’s overall shares, with a $122.82 million market value. The same data shows that the other fund manager holds slightly less at 7.07 million, or about 3.13% of the stock, which is worth about $96.3 million.
