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SLM (SLM) Stock Price, News & Analysis

$20.65
+0.05 (+0.24%)
(As of 05/23/2024 ET)
Today's Range
$20.33
$20.72
50-Day Range
$20.51
$22.10
52-Week Range
$12.26
$22.74
Volume
1.87 million shs
Average Volume
1.46 million shs
Market Capitalization
$4.54 billion
P/E Ratio
6.45
Dividend Yield
2.13%
Price Target
$21.32

SLM MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
3.2% Upside
$21.32 Price Target
Short Interest
Healthy
4.72% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.15
Upright™ Environmental Score
News Sentiment
0.55mentions of SLM in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.95 M Sold Last Quarter
Proj. Earnings Growth
7.64%
From $2.75 to $2.96 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.67 out of 5 stars

Finance Sector

76th out of 848 stocks

Personal Credit Institutions Industry

3rd out of 13 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 is also involved in the provision of retail deposit accounts, including certificates of deposit, money market 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's (SLM) Outperform Rating Reaffirmed at Wedbush
SLM Corp PCL
What 6 Analyst Ratings Have To Say About SLM
Positive Credit Quality Trends Justify Buy Rating for SLM
SLM (NASDAQ:SLM) Has Affirmed Its Dividend Of $0.11
SLM First Quarter 2024 Earnings: Beats Expectations
The Analyst Landscape: 5 Takes On SLM
Q1 2024 SLM Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
3/01/2024
Dividend Payable
3/15/2024
Last Earnings
4/24/2024
Today
5/24/2024
Ex-Dividend for 6/17 Dividend
6/06/2024
Dividend Payable
6/17/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Current Symbol
NASDAQ:SLM
CUSIP
78442P10
Employees
1,740
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.32
High Stock Price Target
$28.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+3.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$581.39 million
Pretax Margin
33.74%

Debt

Sales & Book Value

Annual Sales
$2.84 billion
Cash Flow
$3.05 per share
Book Value
$8.48 per share

Miscellaneous

Free Float
217,079,000
Market Cap
$4.54 billion
Optionable
Optionable
Beta
1.17
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Key Executives


SLM Stock Analysis - Frequently Asked Questions

Should I buy or sell SLM stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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?

10 brokers have issued twelve-month price objectives for SLM's shares. Their SLM share price targets range from $16.00 to $28.00. On average, they predict the company's stock price to reach $21.32 in the next twelve months. This suggests a possible upside of 3.2% 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 2024?

SLM's stock was trading at $19.12 at the beginning of 2024. Since then, SLM shares have increased by 8.0% and is now trading at $20.65.
View the best growth stocks for 2024 here
.

When is SLM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our SLM earnings forecast
.

How were SLM's earnings last quarter?

SLM Co. (NASDAQ:SLM) announced its quarterly earnings results on Wednesday, April, 24th. The credit services provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.09 by $0.18. The credit services provider earned $837.72 million during the quarter, compared to the consensus estimate of $376.43 million. SLM had a net margin of 25.15% and a trailing twelve-month return on equity of 45.65%. During the same period last year, the business earned $0.47 EPS.

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

SLM announced a quarterly dividend on Monday, April 22nd. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.11 per share on Monday, June 17th. This represents a $0.44 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, June 6th.
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 2.14%. The dividend payout ratio is 13.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 14.86% 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 approved a stock repurchase plan on Wednesday, January 24th 2024, which allows the company to buyback $650,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback plans are typically 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 FY 2024 earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of 2.600-2.700 for the period, compared to the consensus EPS estimate of 2.690. 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?
Who are SLM's major shareholders?

SLM's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (14.62%), Jacobs Levy Equity Management Inc. (1.45%), Assenagon Asset Management S.A. (1.14%), Polaris Capital Management LLC (0.76%), Arnhold LLC (0.54%) and Vest Financial LLC (0.41%). Insiders that own company stock include Donna F Vieira, Jonathan Boyles, Nicolas Jafarieh 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SLM) was last updated on 5/24/2024 by MarketBeat.com Staff

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