NASDAQ:SLM SLM (SLM) Stock Forecast, Price & News $17.33 +0.41 (+2.42%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$16.99▼$17.4450-Day Range$12.21▼$17.3352-Week Range$10.81▼$20.01Volume2.45 million shsAverage Volume2.61 million shsMarket Capitalization$4.20 billionP/E Ratio10.08Dividend Yield2.54%Price Target$17.92 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability SLM MarketRank™ ForecastAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside3.4% Upside$17.92 Price TargetShort InterestHealthy2.96% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.15Upright™ Environmental ScoreNews Sentiment0.80Based on 14 Articles This WeekInsider TradingN/AProj. Earnings Growth1.92%From $2.61 to $2.66 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.46 out of 5 starsFinance Sector364th out of 842 stocksPersonal Credit Institutions Industry4th out of 13 stocks 1.3 Analyst's Opinion Consensus RatingSLM has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.92, SLM has a forecasted upside of 3.4% from its current price of $17.33.Amount of Analyst CoverageSLM has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.96% of the float of SLM has been sold short.Short Interest Ratio / Days to CoverSLM has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in SLM has recently decreased by 17.87%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldSLM pays a meaningful dividend of 2.67%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSLM does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of SLM is 25.58%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, SLM will have a dividend payout ratio of 16.54% next year. This indicates that SLM will be able to sustain or increase its dividend. Previous Next 4.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSLM has received a 71.01% net impact score from Upright. Sallie Mae seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Jobs". The positive contribution in the "Distributing knowledge" impact category is false driven by its "Student loans provided by online banks", "Student loan management services", and "Consumer savings accounts provided by online banks" products. See details.Environmental SustainabilityThe Environmental Impact score for SLM is -0.15. Previous Next 3.2 News and Social Media Coverage News SentimentSLM has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 14 news articles for SLM this week, compared to 5 articles on an average week.Search InterestOnly 2 people have searched for SLM on MarketBeat in the last 30 days. This is a decrease of -87% compared to the previous 30 days.MarketBeat Follows2 people have added SLM to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, SLM insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.72% of the stock of SLM is held by insiders.Percentage Held by Institutions96.65% of the stock of SLM is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for SLM are expected to grow by 1.92% in the coming year, from $2.61 to $2.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of SLM is 10.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.95.Price to Earnings Ratio vs. SectorThe P/E ratio of SLM is 10.08, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.68.Price to Book Value per Share RatioSLM has a P/B Ratio of 2.94. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About SLM (NASDAQ:SLM) StockSLM Corp. engages in the provision and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.Read More Receive SLM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for SLM and its competitors with MarketBeat's FREE daily newsletter. Email Address SLM Stock News HeadlinesJune 8, 2023 | news.yahoo.comUkraine's Prized IRIS-T Air Defense System Attacked By Russian Drone In VideoJune 7, 2023 | finance.yahoo.comBOXX Introduces Major Sales Event on Ultra-Thin Professional LaptopJune 8, 2023 | Investor Place Media (Ad)Disturbing Truth About Biden's New Program To Seize Your CashA former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.June 2, 2023 | finance.yahoo.comRevenue Growth Supports Sallie Mae (SLM) Amid High CostsJune 2, 2023 | americanbankingnews.comFY2025 Earnings Estimate for SLM Co. (NASDAQ:SLM) Issued By Zacks ResearchJune 1, 2023 | finance.yahoo.comSLMBP - SLM CorporationJune 1, 2023 | americanbankingnews.comResearch Analysts Issue Forecasts for SLM Co.'s Q2 2023 Earnings (NASDAQ:SLM)May 31, 2023 | americanbankingnews.comSLM Co. (NASDAQ:SLM) Declares $0.11 Quarterly DividendJune 8, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 27, 2023 | msn.comUkraine's ambassador to Germany posts photos of IRIS-T systems that will be sent to UkraineMay 26, 2023 | finance.yahoo.comSallie Mae (SLM) Up 1.8% Since Last Earnings Report: Can It Continue?May 25, 2023 | finance.yahoo.comSallie Mae CEO Jon Witter to Present At 2023 Morgan Stanley US Financials, Payments & CRE ConferenceMay 25, 2023 | msn.comEstonia, Latvia to jointly purchase German air defense systemsMay 23, 2023 | finance.yahoo.comIs Sanlam Limited's (JSE:SLM) Stock On A Downtrend As A Result Of Its Poor Financials?May 22, 2023 | americanbankingnews.comStockNews.com Begins Coverage on SLM (NASDAQ:SLM)May 17, 2023 | marketwatch.comAdditive Manufacturing with Metal Powders Market by 2030May 17, 2023 | americanbankingnews.comSLM Co. (NASDAQ:SLM) Receives $17.92 Average Price Target from AnalystsMay 16, 2023 | marketwatch.com2030, 3D Printing (Additive Manufacturing) Market ResearchMay 16, 2023 | marketwatch.comSpatial Light Modulator (SLM) Market Analysis: Types of Applications and Market SizeMay 16, 2023 | marketwatch.comAdditive Manufacturing (3D Printing) Market, 2030May 15, 2023 | seekingalpha.comSLM (SLM) Investor Presentation - SlideshowMay 13, 2023 | msn.comGermany to send Ukraine €2.7 billion military aid packageMay 13, 2023 | finance.yahoo.comSLM (NASDAQ:SLM) Has Announced A Dividend Of $0.11May 12, 2023 | marketwatch.com2023 Additive Manufacturing (3D Printing) Market: Latest Innovative Growth Strategies Forecast till 2031May 11, 2023 | marketwatch.comHealthcare 3D Printing Market Forthcoming Trends and Share Analysis by 2030May 10, 2023 | marketwatch.comWorkforce Management (WFM) Software in Healthcare Market Research, 2023-2030May 10, 2023 | americanbankingnews.comSLM Co. to Post Q2 2023 Earnings of $1.18 Per Share, Wedbush Forecasts (NASDAQ:SLM)See More Headlines SLM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SLM Company Calendar Ex-Dividend for 3/15 Dividend3/02/2023Dividend Payable3/15/2023Last Earnings4/27/2023Ex-Dividend for 6/15 Dividend6/01/2023Today6/07/2023Dividend Payable6/15/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Personal credit institutions Sub-IndustryConsumer Finance SectorFinance Current SymbolNASDAQ:SLM CUSIP78442P10 CIK1032033 Webwww.salliemae.com Phone(302) 451-0200Fax800-848-1949Employees1,700Year FoundedN/APrice Target and Rating Average Stock Price Forecast$17.92 High Stock Price Forecast$21.00 Low Stock Price Forecast$15.00 Forecasted Upside/Downside+3.4%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$1.72 Trailing P/E Ratio10.08 Forward P/E Ratio6.64 P/E GrowthN/ANet Income$469.01 million Net Margins18.07% Pretax Margin24.44% Return on Equity28.19% Return on Assets1.60% Debt Debt-to-Equity Ratio3.50 Current Ratio1.23 Quick Ratio1.22 Sales & Book Value Annual Sales$2.37 billion Price / Sales1.78 Cash Flow$2.20 per share Price / Cash Flow7.86 Book Value$5.90 per share Price / Book2.94Miscellaneous Outstanding Shares242,380,000Free Float240,634,000Market Cap$4.20 billion OptionableOptionable Beta1.21 Key ExecutivesJonathan W. WitterChief Executive Officer & DirectorKerri A. PalmerChief Operating Officer & Executive Vice PresidentSteven J. McGarryChief Financial Officer & Executive Vice PresidentDonna F. VieiraChief Commercial Officer & Executive VPWilliam WolfChief People Officer & Executive Vice PresidentKey CompetitorsNelnetNYSE:NNICredit AcceptanceNASDAQ:CACCEnova InternationalNYSE:ENVAOaktree Specialty LendingNASDAQ:OCSLOpen LendingNASDAQ:LPROView All CompetitorsInstitutional OwnershipProShare Advisors LLCSold 20,207 shares on 5/26/2023Ownership: 0.006%Brandywine Global Investment Management LLCSold 2,938 shares on 5/25/2023Ownership: 0.357%Ameriprise Financial Inc.Sold 533,987 shares on 5/22/2023Ownership: 0.414%JPMorgan Chase & Co.Bought 2,422 shares on 5/18/2023Ownership: 0.335%New York State Common Retirement FundSold 36,861 shares on 5/18/2023Ownership: 0.215%View All Institutional Transactions SLM Stock - Frequently Asked Questions Should I buy or sell SLM stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SLM shares. View SLM analyst ratings or view top-rated stocks. What is SLM's stock price forecast for 2023? 10 brokers have issued 12-month price objectives for SLM's stock. Their SLM share price forecasts range from $15.00 to $21.00. On average, they expect the company's stock price to reach $17.92 in the next year. This suggests a possible upside of 3.4% from the stock's current price. View analysts price targets for SLM or view top-rated stocks among Wall Street analysts. How have SLM shares performed in 2023? SLM's stock was trading at $16.60 at the start of the year. Since then, SLM shares have increased by 4.4% and is now trading at $17.33. View the best growth stocks for 2023 here. Are investors shorting SLM? SLM saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 7,080,000 shares, a decline of 17.9% from the April 30th total of 8,620,000 shares. Based on an average daily volume of 2,820,000 shares, the short-interest ratio is currently 2.5 days. Approximately 3.0% of the shares of the company are sold short. View SLM's Short Interest. When is SLM's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023. View our SLM earnings forecast. How were SLM's earnings last quarter? SLM Co. (NASDAQ:SLM) issued its quarterly earnings data on Thursday, April, 27th. The credit services provider reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.12. The credit services provider had revenue of $405 million for the quarter, compared to analysts' expectations of $372.98 million. SLM had a trailing twelve-month return on equity of 28.19% and a net margin of 18.07%. SLM's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. How often does SLM pay dividends? What is the dividend yield for SLM? SLM announced a quarterly dividend on Tuesday, April 25th. Shareholders of record on Friday, June 2nd will be paid a dividend of $0.11 per share on Thursday, June 15th. This represents a $0.44 annualized dividend and a yield of 2.54%. The ex-dividend date is Thursday, June 1st. Read our dividend analysis for SLM. What ETFs hold SLM's stock? ETFs with the largest weight of SLM (NASDAQ:SLM) stock in their portfolio include Invesco S&P MidCap 400 Pure Growth ETF (RFG), Alpha Intelligent - Large Cap Value ETF (AILV), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P MidCap Value with Momentum ETF (XMVM), First Trust Financial AlphaDEX Fund (FXO), Cambria Shareholder Yield ETF (SYLD), JPMorgan Social Advancement ETF (UPWD) and SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV). Is SLM a good dividend stock? SLM (NASDAQ:SLM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.67%. The dividend payout ratio is 25.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 16.54% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SLM. How will SLM's stock buyback program work? SLM declared that its Board of Directors has approved a share repurchase program on Wednesday, January 26th 2022, which permits the company to repurchase $1,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 24.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued. What guidance has SLM issued on next quarter's earnings? SLM issued an update on its FY23 earnings guidance on Wednesday, April, 26th. The company provided EPS guidance of $2.50-$2.70 for the period, compared to the consensus EPS estimate of $2.56. What is Jonathan Witter's approval rating as SLM's CEO? 12 employees have rated SLM Chief Executive Officer Jonathan Witter on Glassdoor.com. Jonathan Witter has an approval rating of 70% among the company's employees. What other stocks do shareholders of SLM own? Based on aggregate information from My MarketBeat watchlists, some companies that other SLM investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Transocean (RIG), Gran Tierra Energy (GTE) and Apollo Commercial Real Estate Finance (ARI). What is SLM's stock symbol? SLM trades on the NASDAQ under the ticker symbol "SLM." Who are SLM's major shareholders? SLM's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.83%), Boston Partners (4.21%), FMR LLC (3.58%), State Street Corp (3.00%), Hotchkis & Wiley Capital Management LLC (2.94%) and Dimensional Fund Advisors LP (2.73%). Insiders that own company stock include Jonathan Boyles, Mary Carter Warren Franke, Nicolas Jafarieh, Paul F Thome, Robert S Strong and Steven Mcgarry. View institutional ownership trends. How do I buy shares of SLM? Shares of SLM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is SLM's stock price today? One share of SLM stock can currently be purchased for approximately $17.33. How much money does SLM make? SLM (NASDAQ:SLM) has a market capitalization of $4.20 billion and generates $2.37 billion in revenue each year. The credit services provider earns $469.01 million in net income (profit) each year or $1.72 on an earnings per share basis. How many employees does SLM have? The company employs 1,700 workers across the globe. How can I contact SLM? SLM's mailing address is 300 CONTINENTAL DRIVE, NEWARK DE, 19713. The official website for the company is www.salliemae.com. The credit services provider can be reached via phone at (302) 451-0200, via email at brian.cronin@salliemae.com, or via fax at 800-848-1949. This page (NASDAQ:SLM) was last updated on 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding SLM Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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