NASDAQ:SLM SLM (SLM) Stock Price, News & Analysis $22.73 -0.27 (-1.17%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$22.64▼$23.1050-Day Range$20.03▼$23.7052-Week Range$12.26▼$23.95Volume1.92 million shsAverage Volume1.94 million shsMarket Capitalization$4.99 billionP/E Ratio7.10Dividend Yield1.94%Price Target$24.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get SLM alerts: Email Address SLM MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.82 Rating ScoreUpside/Downside5.6% Upside$24.00 Price TargetShort InterestHealthy4.04% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.15Upright™ Environmental ScoreNews Sentiment0.74Based on 37 Articles This WeekInsider TradingN/AProj. Earnings Growth6.83%From $2.78 to $2.97 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.90 out of 5 starsFinance Sector21st out of 898 stocksPersonal Credit Institutions Industry2nd out of 14 stocks 2.4 Analyst's Opinion Consensus RatingSLM has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageSLM has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about SLM's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.04% of the float of SLM has been sold short.Short Interest Ratio / Days to CoverSLM has a short interest ratio ("days to cover") of 5.2.Change versus previous monthShort interest in SLM has recently decreased by 18.33%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldSLM pays a meaningful dividend of 1.86%, 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 13.75%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, SLM will have a dividend payout ratio of 14.81% next year. This indicates that SLM will be able to sustain or increase its dividend.Read more about SLM's 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 3.7 News and Social Media Coverage News SentimentSLM has a news sentiment score of 0.74. 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 0.49 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 37 news articles for SLM this week, compared to 7 articles on an average week.Search Interest11 people have searched for SLM on MarketBeat in the last 30 days. This is an increase of 450% compared to the previous 30 days.MarketBeat Follows4 people have added SLM to their MarketBeat watchlist in the last 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 1.20% of the stock of SLM is held by insiders.Percentage Held by Institutions98.94% of the stock of SLM is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about SLM's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for SLM are expected to grow by 6.83% in the coming year, from $2.78 to $2.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of SLM is 7.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.95.Price to Earnings Ratio vs. SectorThe P/E ratio of SLM is 7.10, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.20.Price to Earnings Growth RatioSLM has a PEG Ratio of 0.47. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioSLM has a P/B Ratio of 3.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about SLM's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad WealthPressNew trading system called MSFT, NVDA & MSFTLook 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.Just follow this link here! About SLM Stock (NASDAQ:SLM)SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.Read More SLM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SLM Stock News HeadlinesJuly 26 at 11:52 AM | finance.yahoo.comSLM Second Quarter 2024 Earnings: Beats ExpectationsJuly 26 at 3:22 AM | seekingalpha.comSLM Corporation PFD SER B: Sustained High Dividend Yield, Earnings Outlook UpgradeJuly 26, 2024 | Darwin (Ad)Top Stock Unveiled!Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.July 25 at 10:06 PM | seekingalpha.comSLM Corporation (SLM) Q2 2024 Earnings Call TranscriptJuly 25 at 12:04 PM | msn.comSLM Corporation (NASDAQ:SLM) Q2 2024 Earnings Call TranscriptJuly 25 at 7:00 AM | markets.businessinsider.comBuy Rating Affirmed for SLM on Strong Q2 Performance and Positive Credit TrendsJuly 25 at 3:05 AM | gurufocus.comQ2 2024 SLM Corp Earnings Call TranscriptJuly 25 at 1:56 AM | businesswire.comSallie Mae Reports Second-Quarter 2024 Financial ResultsJuly 26, 2024 | Darwin (Ad)Top Stock Unveiled!Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.July 25 at 1:56 AM | markets.businessinsider.comSLM Corp. Q2 Profit Beats EstimatesJuly 24 at 7:07 PM | seekingalpha.comSLM Corporation 2024 Q2 - Results - Earnings Call PresentationJuly 24 at 5:14 PM | gurufocus.comSLM Corp Q2 2024 Earnings: EPS of $1.11 Beats Estimate, Revenue of $514 Million Exceeds ExpectationsJuly 24 at 4:17 AM | msn.comLast Month's Amazon Bestsellers Is Here to Shop!July 24 at 4:17 AM | forbes.comHow AI Has Made The Networking Market Exciting AgainJuly 23 at 11:17 PM | sg.finance.yahoo.comIndustrial Turbocharger Market size is set to grow by USD 773.4 million from 2024-2028, Stringent emission regulations boost the market, TechnavioJuly 23 at 6:16 PM | markets.businessinsider.comSLM is about to announce its earnings — here's what to expectJuly 22, 2024 | americanbankingnews.comSLM (SLM) Scheduled to Post Earnings on WednesdayJuly 20, 2024 | finance.yahoo.comSLM Corp (SM1.BE)See More Headlines 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 Company Calendar Ex-Dividend for 6/17 Dividend6/06/2024Dividend Payable6/17/2024Last Earnings7/24/2024Today7/26/2024Ex-Dividend for 9/16 Dividend9/05/2024Dividend Payable9/16/2024Next Earnings (Estimated)10/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Personal credit institutions Sub-IndustryConsumer Finance Current SymbolNASDAQ:SLM CUSIP78442P10 CIK1032033 Webwww.salliemae.com Phone(302) 451-0200Fax800-848-1949Employees1,740Year FoundedN/APrice Target and Rating Average Stock Price Target$24.00 High Stock Price Target$29.00 Low Stock Price Target$16.00 Potential Upside/Downside+4.3%Consensus RatingModerate Buy Rating Score (0-4)2.82 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$3.20 Trailing P/E Ratio7.11 Forward P/E Ratio8.18 P/E Growth0.47Net Income$581.39 million Net Margins24.67% Pretax Margin33.74% Return on Equity44.03% Return on Assets2.56% Debt Debt-to-Equity Ratio2.67 Current Ratio1.23 Quick Ratio1.23 Sales & Book Value Annual Sales$2.84 billion Price / Sales1.76 Cash Flow$2.94 per share Price / Cash Flow7.75 Book Value$7.20 per share Price / Book3.16Miscellaneous Outstanding Shares219,720,000Free Float217,079,000Market Cap$5.00 billion OptionableOptionable Beta1.17 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Jonathan W. Witter (Age 54)CEO & Director Comp: $3.61MMr. Peter M. Graham (Age 58)Executive VP & CFO Comp: $906.15kMs. Kerri A. Palmer (Age 53)Executive VP & COO Comp: $1.75MMr. Nicolas Jafarieh (Age 49)Executive VP and Chief Legal, Government Affairs & Communications Officer Comp: $1.19MMs. Donna F. Vieira (Age 59)Executive VP & Chief Commercial Officer Comp: $1.5MMr. Jonathan R. Boyles (Age 57)Senior VP, Controller & Principal Accounting Officer Ms. Melissa Bronaugh CPAVP & Head of Investor RelationsMr. William Wolf (Age 58)Executive VP & Chief People Officer Mr. Munish Pahwa (Age 54)Executive VP, Chief Risk Officer & Chief Credit Risk Officer Mr. Richard M. NelsonSenior VP, Chief Regulatory Counsel & Corporate SecretaryMore ExecutivesKey CompetitorsCredit AcceptanceNASDAQ:CACCNelnetNYSE:NNIEncore Capital GroupNASDAQ:ECPGPRA GroupNASDAQ:PRAAWorld AcceptanceNASDAQ:WRLDView All CompetitorsInsiders & InstitutionsState of Michigan Retirement SystemSold 1,200 shares on 7/26/2024Ownership: 0.024%Allspring Global Investments Holdings LLCBought 7,076 shares on 7/26/2024Ownership: 0.006%Retirement Systems of AlabamaSold 5,457 shares on 7/24/2024Ownership: 0.123%Louisiana State Employees Retirement SystemSold 1,300 shares on 7/24/2024Ownership: 0.028%Nisa Investment Advisors LLCBought 52,247 shares on 7/20/2024Ownership: 0.076%View All Insider TransactionsView All Institutional Transactions SLM Stock Analysis - Frequently Asked Questions How have SLM shares performed this year? SLM's stock was trading at $19.12 on January 1st, 2024. Since then, SLM shares have increased by 18.9% and is now trading at $22.73. View the best growth stocks for 2024 here. How were SLM's earnings last quarter? SLM Co. (NASDAQ:SLM) issued its earnings results on Wednesday, July, 24th. The credit services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.32. The credit services provider earned $783.28 million during the quarter, compared to analysts' expectations of $368.97 million. SLM had a trailing twelve-month return on equity of 44.03% and a net margin of 24.67%. How will SLM's stock buyback program work? SLM's Board of Directors authorized a stock buyback plan on Wednesday, January 24th 2024, which allows the company to repurchase $650,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 14.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued. 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. Who are SLM's major shareholders? SLM's top institutional shareholders include SG Americas Securities LLC (0.15%), Retirement Systems of Alabama (0.12%), Shikiar Asset Management Inc. (0.10%) and Raymond James & Associates (0.08%). Insiders that own company stock include Nicolas Jafarieh, Donna F Vieira, Jonathan Boyles 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of SLM own? Based on aggregate information from My MarketBeat watchlists, some other companies that SLM investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV) and Aegean Marine Petroleum Network (ANW). This page (NASDAQ:SLM) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredWe recommended Nvidia in 2016, now we’re recommending this…The AI boom is just getting started. 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