SLM

Deutsche Bank Initiates Coverage of SLM (SLM) with Buy Recommendation

Fintel reports that on January 10, 2024, Deutsche Bank initiated coverage of SLM (NasdaqGS:SLM) with a Buy recommendation.

Analyst Price Forecast Suggests 5.08% Upside

As of December 15, 2023, the average one-year price target for SLM is 19.04. The forecasts range from a low of 14.14 to a high of $22.05. The average price target represents an increase of 5.08% from its latest reported closing price of 18.12.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for SLM is 1,498MM, an increase of 38.70%. The projected annual non-GAAP EPS is 2.97.

SLM Declares $0.11 Dividend

On October 24, 2023 the company declared a regular quarterly dividend of $0.11 per share ($0.44 annualized). Shareholders of record as of December 4, 2023 received the payment on December 15, 2023. Previously, the company paid $0.11 per share.

At the current share price of $18.12 / share, the stock's dividend yield is 2.43%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.80%, the lowest has been 0.59%, and the highest has been 4.88%. The standard deviation of yields is 0.90 (n=234).

The current dividend yield is 0.70 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.30. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 2.67%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 786 funds or institutions reporting positions in SLM. This is an increase of 20 owner(s) or 2.61% in the last quarter. Average portfolio weight of all funds dedicated to SLM is 0.20%, a decrease of 10.97%. Total shares owned by institutions decreased in the last three months by 0.38% to 251,813K shares. SLM / SLM Corporation Put/Call Ratios The put/call ratio of SLM is 1.36, indicating a bearish outlook.

What are Other Shareholders Doing?

SLM / SLM Corporation Shares Held by Institutions

Impactive Capital holds 19,697K shares representing 8.71% ownership of the company. In it's prior filing, the firm reported owning 20,000K shares, representing a decrease of 1.54%. The firm decreased its portfolio allocation in SLM by 13.39% over the last quarter.

Massachusetts Financial Services holds 13,573K shares representing 6.00% ownership of the company. In it's prior filing, the firm reported owning 15,876K shares, representing a decrease of 16.97%. The firm increased its portfolio allocation in SLM by 394.32% over the last quarter.

Ubs Asset Management Americas holds 12,275K shares representing 5.42% ownership of the company. In it's prior filing, the firm reported owning 14,206K shares, representing a decrease of 15.74%. The firm decreased its portfolio allocation in SLM by 12.14% over the last quarter.

Boston Partners holds 9,817K shares representing 4.34% ownership of the company. In it's prior filing, the firm reported owning 10,011K shares, representing a decrease of 1.98%. The firm decreased its portfolio allocation in SLM by 15.84% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,190K shares representing 3.18% ownership of the company. In it's prior filing, the firm reported owning 7,526K shares, representing a decrease of 4.66%. The firm decreased its portfolio allocation in SLM by 17.23% over the last quarter.

SLM Background Information
(This description is provided by the company.)

Sallie Mae believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, the company provides financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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