SLM Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SLM in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SLM stock.
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5 Wall Street analysts have issued twelve-month price objectives for SLM's stock. Their SLM stock forecasts range from $19.00 to $27.00. On average, they predict SLM's share price to reach $23.00 in the next twelve months. This suggests a possible upside of 42.9% from the stock's current price.
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SLM's stock was trading at $19.67 at the beginning of the year. Since then, SLM shares have decreased by 18.1% and is now trading at $16.10.
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SLM saw a increase in short interest in May. As of May 31st, there was short interest totaling 10,720,000 shares, an increase of 56.0% from the May 15th total of 6,870,000 shares. Based on an average daily volume of 2,780,000 shares, the short-interest ratio is presently 3.9 days. Approximately 4.1% of the company's stock are short sold.
View SLM's Short Interest.

SLM is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for SLM.

SLM Co. (NASDAQ:SLM) issued its earnings results on Wednesday, April, 27th. The credit services provider reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by $0.31. The credit services provider had revenue of $375.03 million for the quarter, compared to analyst estimates of $375.59 million. SLM had a net margin of 31.67% and a trailing twelve-month return on equity of 34.38%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.77 earnings per share.
View SLM's earnings history.

SLM announced a quarterly dividend on Monday, April 25th. Shareholders of record on Friday, June 3rd will be paid a dividend of $0.11 per share on Wednesday, June 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, June 2nd.
View SLM's dividend history.

SLM(NASDAQ:SLM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.70%. SLM does not yet have a strong track record of dividend growth. The dividend payout ratio of SLM is 20.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 14.33% next year. This indicates that SLM will be able to sustain or increase its dividend.
View SLM's dividend history.

SLM announced that its board has approved a share buyback program 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 buy up to 24.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

SLM updated its FY22 earnings guidance on Wednesday, April, 27th. The company provided earnings per share guidance of $2.80-3.00 for the period, compared to the consensus EPS estimate of $2.91.

12 employees have rated SLM CEO Jonathan Witter on Glassdoor.com. Jonathan Witter has an approval rating of 70% among SLM's employees.

Some companies that are related to SLM include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), Credit Acceptance (CACC), Nelnet (NNI), PRA Group (PRAA), Green Dot (GDOT), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM) and Nicholas Financial (NICK).
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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 trades on the NASDAQ under the ticker symbol "SLM."

SLM's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.47%), BlackRock Inc. (8.62%), Massachusetts Financial Services Co. MA (6.77%), Boston Partners (5.56%), State Street Corp (2.93%) and Dimensional Fund Advisors LP (2.06%). Company insiders that own SLM stock include Earl A Goode, Jonathan Boyles, Mary Carter Warren Franke, Nicolas Jafarieh, Paul F Thome, Robert S Strong and Steven Mcgarry.
View institutional ownership trends for SLM.

SLM stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Tiger Management L.L.C., BlackRock Inc., Invesco Ltd., Lazard Asset Management LLC, Charles Schwab Investment Management Inc., Great Lakes Advisors LLC, and Prudential Financial Inc.. Company insiders that have sold SLM company stock in the last two years include Jonathan Boyles, Nicolas Jafarieh, Paul F Thome, and Steven Mcgarry.
View insider buying and selling activity for SLM or view top insider-selling stocks.

SLM stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Polaris Capital Management LLC, Wedge Capital Management L L P NC, Capital World Investors, Los Angeles Capital Management LLC, Massachusetts Financial Services Co. MA, American Century Companies Inc., and CI Investments Inc.. Company insiders that have bought SLM stock in the last two years include Mary Carter Warren Franke, and Robert S Strong.
View insider buying and selling activity for SLM or or view top insider-buying stocks.

Shares of SLM 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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One share of SLM stock can currently be purchased for approximately $16.10.

SLM (NASDAQ:SLM) has a market capitalization of $4.33 billion and generates $2.41 billion in revenue each year. The credit services provider earns $1.16 billion in net income (profit) each year or $2.17 on an earnings per share basis.

SLM employs 1,450 workers across the globe.

SLM's mailing address is 300 CONTINENTAL DRIVE, NEWARK DE, 19713. The official website for SLM is www.salliemae.com. The credit services provider can be reached via phone at (302) 451-0200, via email at [email protected], or via fax at 800-848-1949.