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SLM (SLM) Stock Price, News & Analysis

$20.79
+0.07 (+0.34%)
(As of 03:10 PM ET)
Today's Range
$20.52
$20.91
50-Day Range
$18.12
$20.83
52-Week Range
$10.81
$20.91
Volume
763,990 shs
Average Volume
2.31 million shs
Market Capitalization
$4.58 billion
P/E Ratio
8.66
Dividend Yield
2.12%
Price Target
$19.77

SLM MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
4.6% Downside
$19.77 Price Target
Short Interest
Healthy
4.78% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.15
Upright™ Environmental Score
News Sentiment
0.60mentions of SLM in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$249,483 Sold Last Quarter
Proj. Earnings Growth
10.57%
From $2.65 to $2.93 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.

4.95 out of 5 stars

Finance Sector

16th out of 868 stocks

Personal Credit Institutions Industry

2nd out of 14 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

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Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
Contrasting Gentera (OTCMKTS:CMPRF) & SLM (NASDAQ:SLM)
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Sallie Mae Sets Date for Annual Meeting of Stockholders
Sallie Mae Sets Date for Annual Meeting of Stockholders
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See More Headlines
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Company Calendar

Ex-Dividend for 12/15 Dividend
12/01/2023
Dividend Payable
12/15/2023
Last Earnings
1/30/2024
Today
3/01/2024
Ex-Dividend for 3/15 Dividend
3/01/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
4/24/2024
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
$19.77
High Stock Price Target
$25.00
Low Stock Price Target
$16.00
Potential Upside/Downside
-4.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$581.39 million
Pretax Margin
27.41%

Debt

Sales & Book Value

Annual Sales
$2.84 billion
Cash Flow
$3.09 per share
Book Value
$7.40 per share

Miscellaneous

Free Float
218,345,000
Market Cap
$4.58 billion
Optionable
Optionable
Beta
1.16
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Key Executives















SLM Stock Analysis - Frequently Asked Questions

Should I buy or sell SLM stock right now?

11 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 9 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?

11 analysts have issued 1-year price targets for SLM's stock. Their SLM share price targets range from $16.00 to $25.00. On average, they expect the company's share price to reach $19.77 in the next twelve months. This suggests that the stock has a possible downside of 4.6%.
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 start of the year. Since then, SLM stock has increased by 8.4% and is now trading at $20.73.
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, April 24th 2024.
View our SLM earnings forecast
.

How were SLM's earnings last quarter?

SLM Co. (NASDAQ:SLM) posted its quarterly earnings data on Tuesday, January, 30th. The credit services provider reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by $0.15. The credit services provider had revenue of $725.66 million for the quarter, compared to analysts' expectations of $379.20 million. SLM had a net margin of 20.65% and a trailing twelve-month return on equity of 36.86%. During the same quarter last year, the company earned ($0.33) EPS.

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

SLM declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Monday, March 4th will be given a dividend of $0.11 per share on Friday, March 15th. This represents a $0.44 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, March 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 2.14%. The dividend payout ratio is 18.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 15.02% 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 declared that its board has authorized a share repurchase plan on Wednesday, January 24th 2024, which allows the company to repurchase $650,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 14.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management 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 Thursday, January, 25th. The company provided EPS guidance of 2.600-2.700 for the period, compared to the consensus EPS estimate of 2.730. 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 investors include Vanguard Group Inc. (14.64%), Massachusetts Financial Services Co. MA (5.32%), Boston Partners (5.21%), Hotchkis & Wiley Capital Management LLC (2.90%), Dimensional Fund Advisors LP (2.86%) and Northern Trust Corp (1.08%). Insiders that own company stock include Donna F Vieira, Jonathan Boyles, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SLM) was last updated on 3/1/2024 by MarketBeat.com Staff