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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Better Than Oil Stocks? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Better Than Oil Stocks (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Better Than Oil Stocks? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Better Than Oil Stocks (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Better Than Oil Stocks? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Better Than Oil Stocks (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
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
$13.74
50-Day Range
$13.44
$16.66
52-Week Range
$10.81
$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
0.70mentions of SLM in the last 14 days
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


SLM stock logo

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

SLM Stock News Headlines

How A.I. Could Make Most 21st Century Diseases EXTINCT
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...
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.
Sallie Mae Appoints Pete Graham As CFO
SLM Solutions Group AG (AM3D.MU)
BMO Capital Keeps Their Hold Rating on SLM (SLM)
SLM (NASDAQ:SLM) Is Due To Pay A Dividend Of $0.11
Analyst Ratings for SLM
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

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
$17.91
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

Net Income
$469.01 million
Pretax Margin
20.06%

Debt

Sales & Book Value

Annual Sales
$2.37 billion
Cash Flow
$2.11 per share
Book Value
$5.90 per share

Miscellaneous

Free Float
224,024,000
Market Cap
$3.08 billion
Optionable
Optionable
Beta
1.23
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Jonathan W. Witter (Age 53)
    CEO & Director
    Comp: $2.44M
  • Mr. Steven J. McGarryMr. 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 JafariehMr. 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. BoylesMr. Jonathan R. Boyles (Age 56)
    Sr. VP & Controller
  • Mr. Richard M. Nelson
    Sr. VP, Chief Regulatory Counsel & Corp. Sec.













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
.

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?
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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