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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
U.S. Military Defense Fails Without Vanadium? (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
U.S. Military Defense Fails Without Vanadium? (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
U.S. Military Defense Fails Without Vanadium? (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts

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

$15.84
+0.11 (+0.70%)
(As of 12/4/2023 ET)
Compare
Today's Range
$15.66
$16.02
50-Day Range
$12.81
$15.73
52-Week Range
$10.81
$17.91
Volume
3.39 million shs
Average Volume
2.23 million shs
Market Capitalization
$3.58 billion
P/E Ratio
11.73
Dividend Yield
2.78%
Price Target
$16.64

SLM MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
5.0% 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
0.67mentions of SLM in the last 14 days
Based on 6 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.

2.28 out of 5 stars

Finance Sector

360th out of 822 stocks

Personal Credit Institutions Industry

7th out of 11 stocks


SLM stock logo

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

SLM Stock News Headlines

SLM Corp's Dividend Analysis
The Battery Metal Nobody Told You About
According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."
Sallie Mae to Host Investor Forum on Dec. 12
The Battery Metal Nobody Told You About
According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."
Solis Minerals Ltd Chess Depository Interest SLM
Sallie Mae Appoints New Members to Its Board of Directors
Expert Ratings for SLM
SLM Corporation: Don't Let The Q3 Results Fool You
Sanlam Ltd SLM
Q3 2023 SLM Corp Earnings Call
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
12/05/2023
Dividend Payable
12/15/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/07/2024

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 Target
$16.64
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+5.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$469.01 million
Pretax Margin
17.34%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
224,212,000
Market Cap
$3.58 billion
Optionable
Optionable
Beta
1.24
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Key Executives















SLM Stock Analysis - Frequently Asked Questions

Should I buy or sell SLM stock right now?

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.

What is SLM's stock price target for 2024?

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.
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 2023. Since then, SLM shares have decreased by 4.6% and is now trading at $15.84.
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 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.

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

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
.

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 2.80%. 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.

How will SLM's stock buyback program work?

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.

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?
Who are SLM's major shareholders?

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.
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 12/5/2023 by MarketBeat.com Staff

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