SLM (NASDAQ:SLM) Given New $29.00 Price Target at Wells Fargo & Company

SLM (NASDAQ:SLM) had its price target lowered by stock analysts at Wells Fargo & Company from $32.00 to $29.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the credit services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 34.49% from the company’s current price.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. restated 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. Barclays lowered their target price on shares of SLM from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley reduced their price target on shares of SLM from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Compass Point upgraded shares of SLM from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $22.00 in a report on Monday, March 30th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of SLM from $31.00 to $29.00 and set a “market perform” rating for the company in a research report on Wednesday, December 10th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SLM has a consensus rating of “Hold” and an average price target of $30.40.

SLM Trading Down 0.4%

SLM stock traded down $0.08 during mid-day trading on Thursday, hitting $21.56. The company’s stock had a trading volume of 119,652 shares, compared to its average volume of 3,759,977. The stock’s fifty day moving average is $22.16 and its two-hundred day moving average is $25.59. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 2.44. The firm has a market capitalization of $4.27 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 2.51 and a beta of 1.04. SLM has a 1 year low of $17.77 and a 1 year high of $34.97.

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

Hedge Funds Weigh In On SLM

Several institutional investors have recently modified their holdings of SLM. MorganRosel Wealth Management LLC acquired a new stake in shares of SLM in the third quarter valued at $1,131,000. SG Americas Securities LLC boosted its holdings in SLM by 1,289.3% in the third quarter. SG Americas Securities LLC now owns 66,908 shares of the credit services provider’s stock valued at $1,852,000 after purchasing an additional 62,092 shares during the period. Redmont Wealth Advisors LLC acquired a new position in SLM during the 3rd quarter worth $951,000. Arkadios Wealth Advisors grew its stake in SLM by 11.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 8,315 shares of the credit services provider’s stock worth $230,000 after purchasing an additional 853 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in SLM during the 3rd quarter worth about $118,000. Institutional investors and hedge funds own 98.94% of the company’s stock.

About SLM

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.