SLM Corporation [SLM] Revenue clocked in at $1.83 billion, up 53.27% YTD: What’s Next?

SLM Corporation [NASDAQ: SLM] traded at a high on 07/29/21, posting a 0.58 gain after which it closed the day’ session at $18.99. The company report on July 30, 2021 that Navient names Michael Lawson as new board member.

Michael Lawson, a well-respected attorney, public servant and civil rights leader, has been appointed to the Navient board of directors, effective Aug. 2, 2021.

“We are excited to have Michael join the Navient board and believe he will be an excellent addition with his unique expertise in law, transportation and civil rights,” said Linda Mills, chair of the Navient board of directors. “He’s an accomplished leader with a deep commitment to creating economic empowerment and educational opportunities for all.”.

The results of the trading session contributed to over 2097168 shares changing hands. Over the past one week, the price volatility of SLM Corporation stands at 3.11% while the volatility over the past one month is 3.25%.

The market cap for SLM stock reached $5.86 billion, with 312.18 million shares outstanding and 302.75 million shares in the current float. Compared to the average trading volume of 3.22M shares, SLM reached a trading volume of 2097168 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about SLM Corporation [SLM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SLM shares is $23.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SLM stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for SLM Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 29, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Sector Perform. The new note on the price target was released on December 21, 2020, representing the official price target for SLM Corporation stock. Previously, the target price had yet another raise to $7.50, while JP Morgan analysts kept a Neutral rating on SLM stock. On May 15, 2020, analysts decreased their price target for SLM shares from 12 to 9.

The Average True Range (ATR) for SLM Corporation is set at 0.65, with the Price to Sales ratio for SLM stock in the period of the last 12 months amounting to 3.20. The Price to Book ratio for the last quarter was 2.89, with the Price to Cash per share for the same quarter was set at 15.14.

How has SLM stock performed recently?

SLM Corporation [SLM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.99. With this latest performance, SLM shares dropped by -7.37% in over the last four-week period, additionally plugging by 36.32% over the last 6 months – not to mention a rise of 172.84% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SLM stock in for the last two-week period is set at 42.22, with the RSI for the last a single of trading hit 39.92, and the three-weeks RSI is set at 44.37 for SLM Corporation [SLM]. The present Moving Average for the last 50 days of trading for this stock 19.95, while it was recorded at 18.88 for the last single week of trading, and 15.83 for the last 200 days.

SLM Corporation [SLM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and SLM Corporation [SLM] shares currently have an operating margin of +56.93 and a Gross Margin at +82.14. SLM Corporation’s Net Margin is presently recorded at +38.52.

Return on Total Capital for SLM is now 16.57, given the latest momentum, and Return on Invested Capital for the company is 11.42. Return on Equity for this stock inclined to 29.98, with Return on Assets sitting at 2.78. When it comes to the capital structure of this company, SLM Corporation [SLM] has a Total Debt to Total Equity ratio set at 202.48. Additionally, SLM Total Debt to Total Capital is recorded at 66.94, with Total Debt to Total Assets ending up at 16.86. Long-Term Debt to Equity for the company is recorded at 224.47, with the Long-Term Debt to Total Capital now at 66.94.

Reflecting on the efficiency of the workforce at the company, SLM Corporation [SLM] managed to generate an average of $550,431 per employee. Receivables Turnover for the company is 1.39 with a Total Asset Turnover recorded at a value of 0.07.

Earnings analysis for SLM Corporation [SLM]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SLM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SLM Corporation go to 20.00%.

Insider trade positions for SLM Corporation [SLM]

There are presently around $6,233 million, in the hands of institutional investors. The top three institutional holders of SLM stocks are: VANGUARD GROUP INC with ownership of 36,553,123, which is approximately 5.27% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 30,338,025 shares of the stock with an approximate value of $576.12 million in SLM stocks shares; and VALUEACT HOLDINGS, L.P., currently with $499.33 million in SLM stock with ownership of nearly -18.579% of the company’s market capitalization.

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Positions in SLM Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 158 institutional holders increased their position in SLM Corporation [NASDAQ:SLM] by around 34,142,428 shares. Additionally, 149 investors decreased positions by around 80,156,802 shares, while 47 investors held positions by with 213,942,820 shares. The mentioned changes placed institutional holdings at 328,242,050 shares, according to the latest SEC report filing. SLM stock had 60 new institutional investments in for a total of 14,478,601 shares, while 31 institutional investors sold positions of 3,960,719 shares during the same period.

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