SLM (SLM) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SLM shares.
View SLM analyst ratings or view top-rated stocks.

10 brokers have issued 12-month price objectives for SLM's stock. Their SLM share price forecasts range from $15.00 to $21.00. On average, they expect the company's stock price to reach $17.92 in the next year. This suggests a possible upside of 3.4% from the stock's current price.
View analysts price targets for SLM or view top-rated stocks among Wall Street analysts.

SLM's stock was trading at $16.60 at the start of the year. Since then, SLM shares have increased by 4.4% and is now trading at $17.33.
View the best growth stocks for 2023 here.

SLM saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 7,080,000 shares, a decline of 17.9% from the April 30th total of 8,620,000 shares. Based on an average daily volume of 2,820,000 shares, the short-interest ratio is currently 2.5 days. Approximately 3.0% of the shares of the company are sold short.
View SLM's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our SLM earnings forecast.

SLM Co. (NASDAQ:SLM) issued its quarterly earnings data on Thursday, April, 27th. The credit services provider reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.12. The credit services provider had revenue of $405 million for the quarter, compared to analysts' expectations of $372.98 million. SLM had a trailing twelve-month return on equity of 28.19% and a net margin of 18.07%. SLM's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS.

SLM announced a quarterly dividend on Tuesday, April 25th. Shareholders of record on Friday, June 2nd will be paid a dividend of $0.11 per share on Thursday, June 15th. This represents a $0.44 annualized dividend and a yield of 2.54%. The ex-dividend date is Thursday, June 1st.
Read our dividend analysis for SLM.

ETFs with the largest weight of SLM (NASDAQ:SLM) stock in their portfolio include Invesco S&P MidCap 400 Pure Growth ETF (RFG), Alpha Intelligent - Large Cap Value ETF (AILV), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P MidCap Value with Momentum ETF (XMVM), First Trust Financial AlphaDEX Fund (FXO), Cambria Shareholder Yield ETF (SYLD), JPMorgan Social Advancement ETF (UPWD) and SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV).

SLM (NASDAQ:SLM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.67%. The dividend payout ratio is 25.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 16.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLM.

SLM declared that its Board of Directors has approved a share repurchase program on Wednesday, January 26th 2022, which permits the company to repurchase $1,250,000,000.00 in outstanding 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 an indication that the company's board of directors believes its shares are undervalued.

SLM issued an update on its FY23 earnings guidance on Wednesday, April, 26th. The company provided EPS guidance of $2.50-$2.70 for the period, compared to the consensus EPS estimate of $2.56.

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.

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.83%), Boston Partners (4.21%), FMR LLC (3.58%), State Street Corp (3.00%), Hotchkis & Wiley Capital Management LLC (2.94%) and Dimensional Fund Advisors LP (2.73%). Insiders that own company stock include Jonathan Boyles, Mary Carter Warren Franke, Nicolas Jafarieh, Paul F Thome, Robert S Strong and Steven Mcgarry.
View institutional ownership trends.

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.
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One share of SLM stock can currently be purchased for approximately $17.33.

SLM (NASDAQ:SLM) has a market capitalization of $4.20 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 $1.72 on an earnings per share basis.

The company employs 1,700 workers across the globe.

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.