In Friday’s Wall Street session, SLM Corp (NASDAQ:SLM) shares traded at $29.70, down -0.57% from the previous session.
SLM stock price is now 1.37% away from the 50-day moving average and 20.98% away from the 200-day moving average. The market capitalization of the company currently stands at $6.25B.
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With the price target enhanced from $27 to $30, Keefe Bruyette Downgraded its rating from Outperform to Mkt Perform for SLM Corp (NASDAQ: SLM). On September 25, 2024, BofA Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $27, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Palmer Kerri A., EVP, Chief Operational Officer sold 25,000 shares of the company’s stock on Feb 21 ’25. The stock was sold for $797,522 at an average price of $31.90. Upon completion of the transaction, the EVP, Chief Operational Officer now directly owns 131,484 shares in the company, valued at $3.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’25, Officer Palmer Kerri A. bought 25,000 shares of the business’s stock. A total of $796,752 was incurred on buying the stock at an average price of $31.87. A total of 1.45% of the company’s stock is owned by insiders.
During the past 12 months, SLM Corp has had a low of $19.39 and a high of $32.65.
The net profit margin was 19.48% and return on equity was 30.11% for SLM. The company reported revenue of $661.37 million for the quarter, compared to $668.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.07 percent.
