SLM (NASDAQ:SLM) Given Neutral Rating at JPMorgan Chase & Co.

SLM (NASDAQ:SLM)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday,Benzinga reports. They presently have a $29.00 target price on the credit services provider’s stock, down from their previous target price of $38.00. JPMorgan Chase & Co.‘s target price suggests a potential upside of 6.93% from the company’s current price.

A number of other brokerages have also weighed in on SLM. Royal Bank Of Canada reiterated an “outperform” rating on shares of SLM in a report on Monday, July 14th. Barclays lowered their price target on SLM from $43.00 to $35.00 and set an “overweight” rating for the company in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SLM in a research report on Saturday, September 27th. Wells Fargo & Company started coverage on SLM in a report on Monday, August 25th. They issued an “overweight” rating and a $38.00 target price for the company. Finally, Jefferies Financial Group raised their price target on SLM from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.89.

SLM Trading Down 1.6%

SLM opened at $27.12 on Tuesday. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s 50 day moving average price is $30.15 and its 200-day moving average price is $30.71. SLM has a one year low of $21.10 and a one year high of $34.97. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 0.78 and a beta of 1.11.

SLM (NASDAQ:SLM) last posted its quarterly earnings data on Thursday, July 24th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.17). SLM had a net margin of 15.46% and a return on equity of 21.93%. The business had revenue of $403.60 million for the quarter, compared to analysts’ expectations of $370.26 million. During the same quarter in the previous year, the firm earned $1.11 EPS. SLM’s revenue was down 21.4% compared to the same quarter last year. SLM has set its FY 2025 guidance at 3.000-3.100 EPS. On average, equities analysts forecast that SLM will post 3.07 EPS for the current year.

Insider Buying and Selling at SLM

In related news, EVP Kerri A. Palmer sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $32.21, for a total transaction of $1,771,550.00. Following the sale, the executive vice president owned 119,253 shares of the company’s stock, valued at $3,841,139.13. This trade represents a 31.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SLM. Brave Warrior Advisors LLC acquired a new stake in shares of SLM in the first quarter worth $277,704,000. Millennium Management LLC boosted its holdings in SLM by 378.4% in the first quarter. Millennium Management LLC now owns 2,633,072 shares of the credit services provider’s stock valued at $77,333,000 after purchasing an additional 2,082,687 shares during the last quarter. M.D. Sass LLC acquired a new stake in SLM during the 1st quarter worth about $37,317,000. Bank of New York Mellon Corp grew its position in SLM by 22.9% during the 1st quarter. Bank of New York Mellon Corp now owns 2,981,771 shares of the credit services provider’s stock worth $87,575,000 after purchasing an additional 554,931 shares during the period. Finally, Nuveen LLC acquired a new position in shares of SLM in the 1st quarter valued at about $15,544,000. Hedge funds and other 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.