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S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
Our #1 Laser Stock for May (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Our #1 Laser Stock for May (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Get MarketBeat All Access Free for 30 Days (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
Our #1 Laser Stock for May (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Our #1 Laser Stock for May (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Get MarketBeat All Access Free for 30 Days (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
Our #1 Laser Stock for May (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Our #1 Laser Stock for May (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Get MarketBeat All Access Free for 30 Days (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
NASDAQ:SLM

SLM (SLM) Stock Forecast, Price & News

$17.33
+0.41 (+2.42%)
(As of 06/7/2023 ET)
Compare
Today's Range
$16.99
$17.44
50-Day Range
$12.21
$17.33
52-Week Range
$10.81
$20.01
Volume
2.45 million shs
Average Volume
2.61 million shs
Market Capitalization
$4.20 billion
P/E Ratio
10.08
Dividend Yield
2.54%
Price Target
$17.92

SLM MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
3.4% Upside
$17.92 Price Target
Short Interest
Healthy
2.96% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.15
Upright™ Environmental Score
News Sentiment
0.80mentions of SLM in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.92%
From $2.61 to $2.66 Per Share

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 stars

Finance Sector

364th out of 842 stocks

Personal Credit Institutions Industry

4th out of 13 stocks


SLM stock logo

About SLM (NASDAQ:SLM) Stock

SLM 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.

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SLM Stock News Headlines

Disturbing Truth About Biden's New Program To Seize Your Cash
A 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.
SLMBP - SLM Corporation
SLM Co. (NASDAQ:SLM) Declares $0.11 Quarterly Dividend
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.
StockNews.com Begins Coverage on SLM (NASDAQ:SLM)
SLM (SLM) Investor Presentation - Slideshow
SLM (NASDAQ:SLM) Has Announced A Dividend Of $0.11
See More Headlines

SLM Price History

SLM Company Calendar

Ex-Dividend for 3/15 Dividend
3/02/2023
Dividend Payable
3/15/2023
Last Earnings
4/27/2023
Ex-Dividend for 6/15 Dividend
6/01/2023
Today
6/07/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Sector
Finance
Current Symbol
NASDAQ:SLM
CUSIP
78442P10
Employees
1,700
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$469.01 million
Pretax Margin
24.44%

Debt

Sales & Book Value

Annual Sales
$2.37 billion
Cash Flow
$2.20 per share
Book Value
$5.90 per share

Miscellaneous

Free Float
240,634,000
Market Cap
$4.20 billion
Optionable
Optionable
Beta
1.21

Key Executives

  • Jonathan W. Witter
    Chief Executive Officer & Director
  • Kerri A. Palmer
    Chief Operating Officer & Executive Vice President
  • Steven J. McGarrySteven J. McGarry
    Chief Financial Officer & Executive Vice President
  • Donna F. Vieira
    Chief Commercial Officer & Executive VP
  • William Wolf
    Chief People Officer & Executive Vice President













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
.

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?
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

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