NASDAQ:SLM

SLM (SLM) Stock Forecast, Price & News

$13.62

+0.10 (+0.74%)

(As of 09/29/2023 ET)

Compare

Today's Range: $13.54
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$13.74
50-Day Range: $13.44
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$16.66
52-Week Range: $10.81
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$17.92

Volume: 1.00 million shs
Average Volume: 2.05 million shs
Market Capitalization: $3.08 billion

P/E Ratio: 8.90
Dividend Yield: 3.23%
Price Target: $17.91

SLM MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 31.5% Upside
$17.91 Price Target
Short Interest: Bearish
3.36% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.15
Upright™ Environmental Score
News Sentiment: 0.70
Based on 5 Articles This Week
Insider Trading: Selling Shares
$120,900 Sold Last Quarter
Proj. Earnings Growth: 3.44%
From $2.62 to $2.71 Per Share

Overall MarketRank^™

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

2.84 out of 5 stars

Finance Sector

155th out of 880 stocks

Personal Credit Institutions Industry

3rd out of 13 stocks

3.3

Analyst's Opinion

Consensus Rating
SLM has received a consensus rating of Moderate 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/Downside
According to analysts' consensus price target of $17.91, SLM has a forecasted upside of 31.5% from its current price of $13.62.
Amount of Analyst Coverage
SLM has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.36% 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 4.
Change versus previous month
Short interest in SLM has recently increased by 10.32%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
SLM pays a meaningful dividend of 3.25%, 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 28.76%. 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 16.24% 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 0.70. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for SLM this week, compared to 4 articles on an average week.
Search Interest
4 people have searched for SLM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
1 people have added SLM to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SLM insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $120,900.00 in 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for SLM are expected to grow by 3.44% in the coming year, from $2.62 to $2.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SLM is 8.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of SLM is 8.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 70.61.
Price to Book Value per Share Ratio
SLM has a P/B Ratio of 2.31. 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 (NASDAQ:SLM) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

SLM Stock News Headlines

September 29, 2023 | mirror.co.uk

Nationwide manager wins £350,000 after building society axed staff working from home

September 24, 2023 | msn.com

SLM-Nur expands control to several areas in Darfur to protect civilians: official

September 30, 2023 | Behind the Markets (Ad)

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On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...

September 20, 2023 | msn.com

Sudan: Displaced in Rebel-Controlled Areas Suffer As Darfur Is Hit By Heavy Rainfall

September 18, 2023 | msn.com

Russian drone takes out Ukraine's "Top-Secret" air defense system, but ukraine gets the last laugh

September 18, 2023 | finance.yahoo.com

Retail investors account for 57% of Sanlam Limited's (JSE:SLM) ownership, while institutions account for 27%

September 10, 2023 | msn.com

Minnawi warns against plans to attack Darfur joint force

September 6, 2023 | finance.yahoo.com

Ground-breaking Survey Reveals Impact of Accommodation on Student Well-being and Experience Across Europe

September 30, 2023 | Weiss Ratings (Ad)

Overlooked AI Stock Gets Urgent "Buy"

We issued our first "Buy" rating on Apple when it traded at the equivalent of 56 cents per share. It's up 32,571% since. And while Nvidia is up 3x this year… We called it back in 2011. And it has surged 97x (9,624% to be exact) since then. Now, our Weiss Ratings has issued a "Buy" on a stock that's leading the AI revolution in one of the most profitable industries.

August 29, 2023 | finance.yahoo.com

Sallie Mae CEO Jon Witter to Present at 2023 Barclays Global Financial Services Conference

August 28, 2023 | markets.businessinsider.com

Sallie Mae Appoints Pete Graham As CFO

August 28, 2023 | finance.yahoo.com

Sallie Mae Announces Pete Graham as Next Chief Financial Officer

August 18, 2023 | msn.com

Ukraine updates: Kyiv thanks Germany for air defense systems

August 17, 2023 | seekingalpha.com

SLM Corporation: High Dividend Yield, But Significant Price Rise Unlikely

August 16, 2023 | msn.com

SLM Corporation: Discounted Price Gives Way For A Buy Case

August 16, 2023 | finance.yahoo.com

SLM Solutions Group AG (AM3D.MU)

August 3, 2023 | markets.businessinsider.com

BMO Capital Keeps Their Hold Rating on SLM (SLM)

August 1, 2023 | msn.com

SLM faction joins Sudanese army against RSF in Darfur

August 1, 2023 | msn.com

Rayvatek uses SLM solutions technology to achieve development in aerospace products

August 1, 2023 | markets.businessinsider.com

Analysts Conflicted on These Financial Names: SLM (SLM), S&P Global (SPGI) and Invesco (IVZ)

July 31, 2023 | finance.yahoo.com

Rayvatek Uses SLM Solutions’ Metal 3D Printing Technology to Achieve Breakthroughs in Aerospace Materials

July 29, 2023 | msn.com

Stephens & Co. Maintains SLM (SLM) Equal-Weight Recommendation

July 29, 2023 | finance.yahoo.com

SLM (NASDAQ:SLM) Is Due To Pay A Dividend Of $0.11

July 28, 2023 | benzinga.com

Analyst Ratings for SLM

July 28, 2023 | finance.yahoo.com

Sallie Mae (SLM) Q2 Earnings Miss Estimate, NII Surpasses

July 27, 2023 | seekingalpha.com

SLM Corporation 2023 Q2 - Results - Earnings Call Presentation

July 27, 2023 | washingtonpost.com

Sallie Mae: Q2 Earnings Snapshot

See More Headlines

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SLM Company Calendar

Last Earnings: 7/26/2023
Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Today: 9/30/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $17.91
High Stock Price Forecast: $20.00
Low Stock Price Forecast: $15.00
Forecasted Upside/Downside: +31.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.53
Trailing P/E Ratio: 8.90
Forward P/E Ratio: 5.20
P/E Growth: N/A
Net Income: $469.01 million
Net Margins: 14.71%
Pretax Margin: 20.06%
Return on Equity: 24.09%
Return on Assets: 1.33%

Debt

Debt-to-Equity Ratio: 3.35
Current Ratio: 1.22
Quick Ratio: 1.22

Sales & Book Value

Annual Sales: $2.37 billion
Price / Sales: 1.30
Cash Flow: $2.11 per share
Price / Cash Flow: 6.45
Book Value: $5.90 per share
Price / Book: 2.31

Miscellaneous

Outstanding Shares: 226,080,000
Free Float: 224,024,000
Market Cap: $3.08 billion
Optionable: Optionable
Beta: 1.23

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Key Executives

Mr. Jonathan W. Witter (Age 53)
CEO & Director
Comp: $2.44M

Mr. Steven J. McGarry (Age 65)
Exec. VP & CFO
Comp: $1.28M

Ms. Kerri A. Palmer (Age 52)
Exec. VP & COO
Comp: $1.51M

Ms. Donna F. Vieira (Age 58)
Exec. VP & Chief Commercial Officer
Comp: $1.18M

Ms. Melissa Bronaugh CPA
VP & Head of Investor Relations

Mr. Nicolas Jafarieh (Age 48)
Exec. VP and Chief Legal, Gov. Affairs & Communications Officer

Mr. William Wolf (Age 57)
Exec. VP & Chief People Officer

Mr. Munish Pahwa
Exec. VP, Chief Risk Officer & Chief Credit Risk Officer

Mr. Jonathan R. Boyles (Age 56)
Sr. VP & Controller

Mr. Richard M. Nelson
Sr. VP, Chief Regulatory Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
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 twelve months. There are currently 4 hold ratings and 6 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 forecast for 2023?: 10 brokers have issued twelve-month target prices for SLM's stock. Their SLM share price forecasts range from $15.00 to $20.00. On average, they anticipate the company's share price to reach $17.91 in the next year. This suggests a possible upside of 31.5% 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 18.0% and is now trading at $13.62.
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, October 25th 2023.
View our SLM earnings forecast.
How were SLM's earnings last quarter?: SLM Co. (NASDAQ:SLM) released its quarterly earnings results on Wednesday, July, 26th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by $0.06. The credit services provider earned $777.96 million during the quarter, compared to analyst estimates of $370.15 million. SLM had a trailing twelve-month return on equity of 24.09% and a net margin of 14.71%. During the same quarter in the prior year, the company earned $1.29 EPS.
How often does SLM pay dividends? What is the dividend yield for SLM?: SLM announced a quarterly dividend on Tuesday, July 25th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.11 per share on Friday, September 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, August 31st.
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).
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 3.25%. The dividend payout ratio is 28.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 16.24% 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 announced that its board has initiated a share buyback plan on Wednesday, January 26th 2022, which allows the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 24.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.
What guidance has SLM issued on next quarter's earnings?: SLM updated its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of $2.50-$2.70 for the period, compared to the consensus EPS estimate of $2.63. The company issued revenue guidance of -.
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."
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 $13.62.
How much money does SLM make?: SLM (NASDAQ:SLM) has a market capitalization of $3.08 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 $1.53 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 9/30/2023 by MarketBeat.com Staff

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