Should I buy or sell SLM stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SLM in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SLM shares. View SLM analyst ratings or view top-rated stocks .

What is SLM's stock price target for 2024?

11 Wall Street research analysts have issued twelve-month target prices for SLM's stock. Their SLM share price targets range from $14.00 to $20.00. On average, they predict the company's share price to reach $16.64 in the next twelve months. This suggests a possible upside of 5.8% 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 beginning of the year. Since then, SLM stock has decreased by 5.2% and is now trading at $15.73. View the best growth stocks for 2023 here .

When is SLM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024. View our SLM earnings forecast .

How were SLM's earnings last quarter?

SLM Co. (NASDAQ:SLM) posted its quarterly earnings results on Wednesday, October, 25th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by $0.22. The credit services provider earned $409 million during the quarter, compared to the consensus estimate of $381.34 million. SLM had a trailing twelve-month return on equity of 21.83% and a net margin of 12.76%. SLM's revenue was down 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share.

How often does SLM pay dividends? What is the dividend yield for SLM?

SLM announced a quarterly dividend on Tuesday, October 24th. Stockholders of record on Monday, December 4th will be given a dividend of $0.11 per share on Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Friday, December 1st. Read our dividend analysis for SLM .

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 2.93%. The dividend payout ratio is 32.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 17.89% next year. This indicates that the company will be able to sustain or increase its dividend. 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) , Vident Core U.S. Equity Fund (VUSE) and Avantis U.S. Small Cap Value ETF (AVUV) . Global X Millennial Consumer ETF (MILN) .

How will SLM's stock buyback program work?

SLM announced that its board has authorized a share repurchase plan on Wednesday, January 26th 2022, which permits the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 24.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are 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.

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) .

Who are SLM's major shareholders?

SLM's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Impactive Capital LP (8.71%), Massachusetts Financial Services Co. MA (6.00%), Boston Partners (4.34%), FMR LLC (2.59%), Morgan Stanley (2.39%) and Goldentree Asset Management LP (1.89%). Insiders that own company stock include Jonathan Boyles , Mary Carter Warren Franke , Nicolas Jafarieh , 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 .

SLM Stock Price, News & Analysis (NASDAQ:SLM)

$15.73

+0.80 (+5.36%)

(As of 12/1/2023 ET)

Compare

Today's Range: $14.83
▼
$15.92
50-Day Range: $12.81
▼
$15.04
52-Week Range: $10.81
▼
$17.91

Volume: 2.64 million shs
Average Volume: 1.77 million shs
Market Capitalization: $3.56 billion

P/E Ratio: 11.65
Dividend Yield: 2.80%
Price Target: $16.64

SLM MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.64 Rating Score
Upside/Downside: 5.8% Upside
$16.64 Price Target
Short Interest: Bearish
4.85% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.15
Upright™ Environmental Score
News Sentiment: 0.75
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -4.28%
From $2.57 to $2.46 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Finance Sector

339th out of 875 stocks

Personal Credit Institutions Industry

8th out of 13 stocks

2.3

Analyst's Opinion

Consensus Rating
SLM has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.64, SLM has a forecasted upside of 5.8% from its current price of $15.73.
Amount of Analyst Coverage
SLM has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
4.85% of the float of SLM has been sold short.
Short Interest Ratio / Days to Cover
SLM has a short interest ratio ("days to cover") of 5.4.
Change versus previous month
Short interest in SLM has recently increased by 3.05%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
SLM pays a meaningful dividend of 2.93%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
SLM does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of SLM is 32.59%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, SLM will have a dividend payout ratio of 17.89% next year. This indicates that SLM will be able to sustain or increase its dividend.

4.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
SLM 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 Sustainability
The Environmental Impact score for SLM is -0.15.

3.2

News and Social Media Coverage

News Sentiment
SLM has a news sentiment score of 0.75. 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 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for SLM this week, compared to 4 articles on an average week.
Search Interest
3 people have searched for SLM on MarketBeat in the last 30 days.
MarketBeat Follows
Only 2 people have added SLM to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SLM insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.91% of the stock of SLM is held by insiders.
Percentage Held by Institutions
95.07% of the stock of SLM is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for SLM are expected to decrease by -4.28% in the coming year, from $2.57 to $2.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SLM is 11.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of SLM is 11.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 33.02.
Price to Book Value per Share Ratio
SLM has a P/B Ratio of 2.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks 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 also offers retail deposit accounts, including certificates of deposit, money market deposit 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.

SLM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SLM Stock News Headlines

December 1, 2023 | finance.yahoo.com

SLM Corp's Dividend Analysis

November 30, 2023 | msn.com

SLM’s Minawi clarifies position on neutrality in Sudan’s conflict

December 2, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 28, 2023 | finance.yahoo.com

Sallie Mae to Host Investor Forum on Dec. 12

November 28, 2023 | msn.com

Darfur armed groups forged agreement with SLM-AW to defend civilians: JEM

November 28, 2023 | americanbankingnews.com

SLM Co. (NASDAQ:SLM) Given Consensus Rating of "Moderate Buy" by Analysts

November 27, 2023 | finance.yahoo.com

Vortex Metals Signs Definitive Agreement for Option to Acquire up to 80% Interest in the Illapel Copper Project, Chile - InvestmentPitch Media Video

November 24, 2023 | morningstar.com

Solis Minerals Ltd Chess Depository Interest SLM

December 2, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 22, 2023 | msn.com

Ty Majeski & Dale Jr’s Champ Prepare to Battle for a $100K+ Payout at the Bill Bigley Sr. Memorial 128

November 21, 2023 | news.yahoo.com

Germany pledges $1.4 billion military aid package for Ukraine

November 16, 2023 | finance.yahoo.com

Sallie Mae Appoints New Members to Its Board of Directors

November 15, 2023 | nasdaq.com

Barclays Initiates Coverage of SLM (SLM) with Overweight Recommendation

November 15, 2023 | markets.businessinsider.com

Expert Ratings for SLM

November 13, 2023 | news.yahoo.com

Germany to provide Ukraine with 2 more IRIS-T air defense systems

November 10, 2023 | seekingalpha.com

SLM Corporation: Don't Let The Q3 Results Fool You

November 6, 2023 | msn.com

Minawi’s field commander slain in suspected RSF ambush in North Darfur

November 2, 2023 | finance.yahoo.com

Sallie Mae CEO Jon Witter to Speak at 2023 Stephens Annual Investment Conference

November 1, 2023 | msn.com

TD Cowen Initiates Coverage of SLM (SLM) with Outperform Recommendation

November 1, 2023 | msn.com

Discover Financial, OneMain, SLM nab Outperform rates at TD Cowen

October 31, 2023 | morningstar.com

Sanlam Ltd SLM

October 31, 2023 | msn.com

SLM-MM, JEM decline to join SRF’s condemnation by peace signatories

October 27, 2023 | news.yahoo.com

Germany delivers IRIS-T air defense system, other aid to Ukraine

October 27, 2023 | finance.yahoo.com

SLM Corporation (NASDAQ:SLM) Q3 2023 Earnings Call Transcript

October 27, 2023 | finance.yahoo.com

Q3 2023 SLM Corp Earnings Call

October 26, 2023 | msn.com

Wedbush Maintains SLM (SLM) Outperform Recommendation

October 26, 2023 | finance.yahoo.com

Sallie Mae (SLM) Q3 Earnings Miss Estimates, NII Surpasses

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Last Earnings: 10/25/2023
Ex-Dividend for 12/15 Dividend: 12/01/2023
Today: 12/02/2023
Dividend Payable: 12/15/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/07/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Personal credit institutions
Sub-Industry: Consumer Finance
Sector: Finance
Current Symbol: NASDAQ:SLM
CUSIP: 78442P10
CIK: 1032033
Web: www.salliemae.com
Phone: (302) 451-0200
Fax: 800-848-1949
Employees: 1,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $16.64
High Stock Price Target: $20.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +5.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.64
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.35
Trailing P/E Ratio: 11.65
Forward P/E Ratio: 6.12
P/E Growth: N/A
Net Income: $469.01 million
Net Margins: 12.76%
Pretax Margin: 17.34%
Return on Equity: 21.83%
Return on Assets: 1.17%

Debt

Debt-to-Equity Ratio: 3.56
Current Ratio: 1.23
Quick Ratio: 1.23

Sales & Book Value

Annual Sales: $2.37 billion
Price / Sales: 1.50
Cash Flow: $2.19 per share
Price / Cash Flow: 7.17
Book Value: $6.84 per share
Price / Book: 2.30

Miscellaneous

Outstanding Shares: 226,270,000
Free Float: 224,212,000
Market Cap: $3.56 billion
Optionable: Optionable
Beta: 1.24

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Key Executives

Mr. Jonathan W. Witter (Age 53)
CEO & Director
Comp: $2.44M
Ms. Kerri A. Palmer (Age 52)
Executive VP & COO
Comp: $1.51M
Ms. Donna F. Vieira (Age 58)
Executive VP & Chief Commercial Officer
Comp: $1.18M
Mr. Peter M. Graham (Age 57)
Executive VP & CFO
Ms. Melissa Bronaugh CPA
VP & Head of Investor Relations
Mr. Nicolas Jafarieh (Age 48)
Executive VP and Chief Legal, Government Affairs & Communications Officer
Comp: $856.3k
Mr. William Wolf (Age 57)
Executive VP & Chief People Officer
Mr. Munish Pahwa
Executive VP, Chief Risk Officer & Chief Credit Risk Officer
Mr. Jonathan R. Boyles (Age 56)
Senior VP & Controller
Mr. Richard M. Nelson
Senior VP, Chief Regulatory Counsel & Corporate Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SLM Stock Analysis - Frequently Asked Questions

Should I buy or sell SLM stock right now?: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SLM in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SLM shares.
View SLM analyst ratings or view top-rated stocks.
What is SLM's stock price target for 2024?: 11 Wall Street research analysts have issued twelve-month target prices for SLM's stock. Their SLM share price targets range from $14.00 to $20.00. On average, they predict the company's share price to reach $16.64 in the next twelve months. This suggests a possible upside of 5.8% 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 beginning of the year. Since then, SLM stock has decreased by 5.2% and is now trading at $15.73.
View the best growth stocks for 2023 here.
When is SLM's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our SLM earnings forecast.
How were SLM's earnings last quarter?: SLM Co. (NASDAQ:SLM) posted its quarterly earnings results on Wednesday, October, 25th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by $0.22. The credit services provider earned $409 million during the quarter, compared to the consensus estimate of $381.34 million. SLM had a trailing twelve-month return on equity of 21.83% and a net margin of 12.76%. SLM's revenue was down 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share.
How often does SLM pay dividends? What is the dividend yield for SLM?: SLM announced a quarterly dividend on Tuesday, October 24th. Stockholders of record on Monday, December 4th will be given a dividend of $0.11 per share on Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Friday, December 1st.
Read our dividend analysis for SLM.
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 2.93%. The dividend payout ratio is 32.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 17.89% next year. This indicates that the company will be able to sustain or increase its dividend.
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), Vident Core U.S. Equity Fund (VUSE) and Avantis U.S. Small Cap Value ETF (AVUV).Global X Millennial Consumer ETF (MILN).
How will SLM's stock buyback program work?: SLM announced that its board has authorized a share repurchase plan on Wednesday, January 26th 2022, which permits the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 24.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are 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.
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).
Who are SLM's major shareholders?: SLM's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Impactive Capital LP (8.71%), Massachusetts Financial Services Co. MA (6.00%), Boston Partners (4.34%), FMR LLC (2.59%), Morgan Stanley (2.39%) and Goldentree Asset Management LP (1.89%). Insiders that own company stock include Jonathan Boyles, Mary Carter Warren Franke, Nicolas Jafarieh, 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.

This page (NASDAQ:SLM) was last updated on 12/2/2023 by MarketBeat.com Staff

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