SLM (NASDAQ:SLM) Price Target Lowered to $27.00 at Barclays

SLM (NASDAQ:SLM) had its price objective reduced by Barclays from $35.00 to $27.00 in a research note released on Monday,Benzinga reports. Barclays currently has an overweight rating on the credit services provider’s stock.

Several other equities analysts have also recently weighed in on SLM. Wells Fargo & Company lifted their price objective on SLM from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $25.00 price objective (down from $29.00) on shares of SLM in a report on Monday, January 12th. Zacks Research raised SLM from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $40.00 price objective on shares of SLM in a report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on SLM from $31.00 to $29.00 and set a “market perform” rating for the company in a report on Wednesday, December 10th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.70.

SLM Stock Performance

NASDAQ:SLM opened at $22.16 on Monday. The stock has a market cap of $4.39 billion, a P/E ratio of 6.39, a PEG ratio of 2.51 and a beta of 1.04. The stock has a 50 day simple moving average of $22.36 and a 200 day simple moving average of $25.66. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 2.44. SLM has a 1-year low of $17.77 and a 1-year high of $34.97.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Thursday, January 22nd. The credit services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.17. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $383.43 million. SLM had a return on equity of 34.79% and a net margin of 26.04%.During the same period last year, the firm posted $0.50 EPS. SLM has set its FY 2026 guidance at 2.700-2.800 EPS. Research analysts anticipate that SLM will post 3.07 earnings per share for the current year.

SLM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Thursday, March 5th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. SLM’s payout ratio is currently 14.99%.

Institutional Investors Weigh In On SLM

Institutional investors have recently made changes to their positions in the stock. MorganRosel Wealth Management LLC bought a new stake in shares of SLM in the 3rd quarter valued at about $1,131,000. SG Americas Securities LLC grew its position in shares of SLM by 1,289.3% in the 3rd quarter. SG Americas Securities LLC now owns 66,908 shares of the credit services provider’s stock valued at $1,852,000 after buying an additional 62,092 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of SLM in the 3rd quarter valued at about $951,000. GAMMA Investing LLC grew its position in shares of SLM by 9.6% in the 4th quarter. GAMMA Investing LLC now owns 7,649 shares of the credit services provider’s stock valued at $207,000 after buying an additional 669 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in shares of SLM in the 3rd quarter valued at about $69,000. Institutional investors own 98.94% of the company’s stock.

SLM Company Profile

SLM Corporation, operating as Sallie Mae Bank, is a leading U.S.-based consumer banking company specializing in education financing and related banking products. The company provides a range of private student loans for undergraduate and graduate studies, Parent PLUS loans, and specialized financing for career and certificate programs. In addition to its core lending services, Sallie Mae offers deposit products including savings accounts, checking accounts, money market accounts, certificates of deposit, and credit cards tailored to students and young adults.

Founded in 1972 as the Student Loan Marketing Association—a government-sponsored enterprise—Sallie Mae was privatized in 2004 and has since focused on expanding its private education loan offerings and digital banking solutions.