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

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

11 brokerages have issued 1 year price targets for SLM's stock. Their SLM share price targets range from $14.00 to $20.00. On average, they predict the company's stock price to reach $16.64 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price.
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SLM's stock was trading at $16.60 at the beginning of 2023. Since then, SLM shares have decreased by 4.6% and is now trading at $15.84.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our SLM earnings forecast.

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 the consensus estimate of $0.33 by $0.22. The credit services provider had revenue of $409 million for the quarter, compared to the consensus estimate of $381.34 million. SLM had a net margin of 12.76% and a trailing twelve-month return on equity of 21.83%. The firm's revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS.

SLM announced a quarterly dividend on Tuesday, October 24th. Shareholders of record on Monday, December 4th will be paid 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 2.78%. The ex-dividend date is Friday, December 1st.
Read our dividend analysis for SLM.

SLM (NASDAQ:SLM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.80%. 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.

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).

SLM announced that its Board of Directors has approved a stock repurchase plan on Wednesday, January 26th 2022, which permits the company to repurchase $1,250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

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.

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).

SLM's stock is owned by a number of institutional and retail 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.
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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.
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