NASDAQ:SLM SLM - SLM Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding SLM Co. Please log in to your account or sign up in order to add this asset to your watchlist. $11.27 -0.16 (-1.40%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$10.81▼$11.3250-Day Range$11.27▼$17.7952-Week Range$10.81▼$20.17Volume5.89 million shsAverage Volume2.86 million shsMarket Capitalization$2.72 billionP/E Ratio6.63Dividend Yield3.90%Price Target$17.92 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability SLM MarketRank™ ForecastAnalyst RatingHold2.22 Rating ScoreUpside/Downside59.0% Upside$17.92 Price TargetShort InterestHealthy2.33% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.15Upright™ Environmental ScoreNews Sentiment0.57Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth9.35%From $2.46 to $2.69 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.39 out of 5 starsFinance Sector31st out of 883 stocksPersonal Credit Institutions Industry2nd out of 13 stocks 4.1 Analyst's Opinion Consensus RatingSLM has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 3 buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.92, SLM has a forecasted upside of 59.0% from its current price of $11.27.Amount of Analyst CoverageSLM has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.33% of the float of SLM has been sold short.Short Interest Ratio / Days to CoverSLM has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in SLM has recently decreased by 6.42%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipSLM is a leading dividend payer. It pays a dividend yield of 3.67%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSLM does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of SLM is 25.88%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, SLM will have a dividend payout ratio of 16.36% next year. This indicates that SLM will be able to sustain or increase its dividend. Previous Next 4.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSLM has received a 71.01% net impact score from Upright. Sallie Mae seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Jobs". The positive contribution in the "Distributing knowledge" impact category is false driven by its "Student loans provided by online banks", "Student loan management services", and "Consumer savings accounts provided by online banks" products. See details.Environmental SustainabilityThe Environmental Impact score for SLM is -0.15. Previous Next 2.0 News and Social Media Coverage News SentimentSLM has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.75 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 8 news articles for SLM this week, compared to 3 articles on an average week.Search InterestOnly 3 people have searched for SLM on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added SLM to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, SLM insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.72% of the stock of SLM is held by insiders.Percentage Held by Institutions96.65% of the stock of SLM is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for SLM are expected to grow by 9.35% in the coming year, from $2.46 to $2.69 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of SLM is 6.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.20.Price to Earnings Ratio vs. SectorThe P/E ratio of SLM is 6.63, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 137.76.Price to Book Value per Share RatioSLM has a P/B Ratio of 1.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About SLM (NASDAQ:SLM) StockSLM Corp. engages in the provision and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.Read More Receive SLM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for SLM and its competitors with MarketBeat's FREE daily newsletter. Email Address SLM Stock News HeadlinesMarch 26, 2023 | americanbankingnews.comSLM Co. (NASDAQ:SLM) Receives $17.92 Consensus Target Price from AnalystsMarch 20, 2023 | americanbankingnews.comSLM (NASDAQ:SLM) Receives New Coverage from Analysts at StockNews.comMarch 26, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!March 13, 2023 | marketwatch.comGlobal "Rapid Prototyping in Automotive Market" Size and Growing Future Demand by [2023-2029] | Latest Research ReportMarch 13, 2023 | cnbc.comBanks are sweetening the interest rates on their CDs. Here’s what you should know before you jump inMarch 6, 2023 | finance.yahoo.comLoan Origination Growth Aids Sallie Mae (SLM) Despite High DebtMarch 3, 2023 | finance.yahoo.comSallie Mae (SLM) Down 5.3% Since Last Earnings Report: Can It Rebound?March 3, 2023 | finance.yahoo.comSallie Mae Chief Financial Officer Steve McGarry Enters into Retention Agreement with the CompanyMarch 26, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!February 25, 2023 | finance.yahoo.comThere's A Lot To Like About SLM's (NASDAQ:SLM) Upcoming US$0.11 DividendFebruary 22, 2023 | finance.yahoo.comSallie Mae Chief Financial Officer to Speak at 2023 RBC Capital Markets Global Financial Institutions ConferenceFebruary 5, 2023 | finance.yahoo.comSLM Corporation (NASDAQ:SLM) Q4 2022 Earnings Call TranscriptFebruary 2, 2023 | finance.yahoo.comSallie Mae (SLM) Incurs Q4 Loss as Provisions Jump, Stock DipsFebruary 1, 2023 | finance.yahoo.comSallie Mae (SLM) Reports Q4 Loss, Tops Revenue EstimatesFebruary 1, 2023 | finance.yahoo.comSallie Mae Reports Fourth-Quarter and Full-Year 2022 Financial ResultsJanuary 31, 2023 | finance.yahoo.comSallie Mae Chief Financial Officer to Present at Credit Suisse Financial Services ForumJanuary 31, 2023 | marketwatch.comOil & Gas EPC Market | Rising Sales of the Industry Are Set To Drive for Growth Prospects and Innovations | 2028January 31, 2023 | marketwatch.comMetal 3D Printer Market Trends 2023-2029 by Key Players - EOS GmbH, GE Additive, SLM Solutions, 3D SystemsJanuary 25, 2023 | finance.yahoo.comEarnings Preview: Sallie Mae (SLM) Q4 Earnings Expected to DeclineJanuary 18, 2023 | msn.comDarfur former rebel groups, RSF form special forceJanuary 18, 2023 | marketwatch.comHow and Where the Additive Manufacturing (3D Printing) Market is Set to Grow in forecast period 2028January 18, 2023 | marketwatch.comAdditive Manufacturing (3D Printing) Market Analysis Report 2023 Along with Statistics Figures, till 2029January 15, 2023 | marketwatch.comPolymer Additive Manufacturing Market Trends, Business Overview, Industry Growth, and Forecast 2023 To 2028January 12, 2023 | finance.yahoo.comSallie Mae to Release Fourth-Quarter and Full-Year 2022 Financial Results on Feb. 1January 10, 2023 | finance.yahoo.comSallie Mae Names Kerri Palmer Chief Operational Officer, and President of Sallie Mae BankDecember 24, 2022 | msn.comMinister calls for ban on charcoal exportDecember 24, 2022 | finance.yahoo.comSLM Corporation (SLM) Stock Historical Prices & Data - Yahoo FinanceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SLM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for SLM and its competitors with MarketBeat's FREE daily newsletter. Email Address SLM Company Calendar Last Earnings2/02/2023Ex-Dividend for 3/15 Dividend3/02/2023Dividend Payable3/15/2023Today3/25/2023Next Earnings (Estimated)4/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Personal credit institutions Sub-IndustryConsumer Finance SectorFinance Current SymbolNASDAQ:SLM CUSIP78442P10 CIK1032033 Webwww.salliemae.com Phone(302) 451-0200Fax800-848-1949Employees1,700Year FoundedN/APrice Target and Rating Average Stock Price Forecast$17.92 High Stock Price Forecast$21.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+59.0%Consensus RatingHold Rating Score (0-4)2.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$1.70 Trailing P/E Ratio6.63 Forward P/E Ratio4.58 P/E GrowthN/ANet Income$469.01 million Net Margins19.82% Pretax Margin26.66% Return on Equity27.83% Return on Assets1.63% Debt Debt-to-Equity Ratio3.55 Current Ratio1.22 Quick Ratio1.21 Sales & Book Value Annual Sales$2.37 billion Price / Sales1.15 Cash Flow$1.97 per share Price / Cash Flow5.72 Book Value$5.90 per share Price / Book1.91Miscellaneous Outstanding Shares241,190,000Free Float239,452,000Market Cap$2.72 billion OptionableOptionable Beta1.22 Key ExecutivesJonathan W. WitterChief Executive Officer & DirectorKerri A. PalmerChief Operating Officer & Executive Vice PresidentSteven J. McGarryChief Financial Officer & Executive Vice PresidentDonna F. VieiraChief Commercial Officer & Executive VPWilliam WolfChief People Officer & Executive Vice PresidentKey CompetitorsNelnetNYSE:NNICredit AcceptanceNASDAQ:CACCOneMainNYSE:OMFOaktree Specialty LendingNASDAQ:OCSLEnova InternationalNYSE:ENVAView All CompetitorsInstitutional OwnershipMetLife Investment Management LLCSold 3,891 shares on 3/23/2023Ownership: 0.065%ETF Managers Group LLCBought 12,255 shares on 3/23/2023Ownership: 0.005%Victory Capital Management Inc.Sold 75,608 shares on 3/10/2023Ownership: 2.254%Rockefeller Capital Management L.P.Sold 1,523,316 shares on 3/6/2023Ownership: 0.053%Teachers Retirement System of The State of KentuckySold 5,316 shares on 2/22/2023Ownership: 0.473%View All Institutional Transactions SLM Stock - Frequently Asked Questions Should I buy or sell SLM stock right now? 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SLM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SLM, but not buy additional shares or sell existing shares. View SLM analyst ratings or view top-rated stocks. What is SLM's stock price forecast for 2023? 9 equities research analysts have issued 12-month price objectives for SLM's shares. Their SLM share price forecasts range from $14.00 to $21.00. On average, they predict the company's share price to reach $17.92 in the next twelve months. This suggests a possible upside of 59.0% 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 on January 1st, 2023. Since then, SLM shares have decreased by 32.1% and is now trading at $11.27. 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, April 26th 2023. View our SLM earnings forecast. How were SLM's earnings last quarter? SLM Co. (NASDAQ:SLM) issued its quarterly earnings results on Thursday, February, 2nd. The credit services provider reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by $0.79. The credit services provider had revenue of $542.96 million for the quarter, compared to analysts' expectations of $358.11 million. SLM had a net margin of 19.82% and a trailing twelve-month return on equity of 27.83%. During the same period in the prior year, the business posted $1.05 EPS. How often does SLM pay dividends? What is the dividend yield for SLM? SLM declared a quarterly dividend on Tuesday, January 24th. Stockholders of record on Friday, March 3rd will be paid a dividend of $0.11 per share on Wednesday, March 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Thursday, March 2nd. Read our dividend analysis for SLM. What ETFs hold SLM's stock? ETFs with the largest weight of SLM (NASDAQ:SLM) stock in their portfolio include Invesco S&P MidCap 400 Pure Growth ETF (RFG), First Trust Financial AlphaDEX Fund (FXO), Invesco S&P MidCap Value with Momentum ETF (XMVM), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), LeaderShares AlphaFactor US Core Equity ETF (LSAF), Cambria Shareholder Yield ETF (SYLD), Avantis U.S. Small Cap Value ETF (AVUV) and JPMorgan Social Advancement ETF (UPWD). 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 3.67%. The dividend payout ratio is 25.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 16.36% 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 authorized a stock buyback program on Wednesday, January 26th 2022, which authorizes the company to repurchase $1,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 24.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued. What guidance has SLM issued on next quarter's earnings? SLM issued an update on its FY23 earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of $2.50-2.70 for the period, compared to the consensus EPS estimate of $2.64. 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? 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). What is SLM's stock symbol? SLM trades on the NASDAQ under the ticker symbol "SLM." Who are SLM's major shareholders? SLM's stock is owned by a number of institutional and retail investors. Top institutional investors include Boston Partners (4.80%), Dimensional Fund Advisors LP (2.25%), Victory Capital Management Inc. (2.17%), Victory Capital Management Inc. (2.17%), Victory Capital Management Inc. (2.25%) and Geode Capital Management LLC (1.68%). 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. 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. What is SLM's stock price today? One share of SLM stock can currently be purchased for approximately $11.27. How much money does SLM make? SLM (NASDAQ:SLM) has a market capitalization of $2.72 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 $1.70 on an earnings per share basis. How many employees does SLM have? The company employs 1,700 workers across the globe. How can I contact SLM? 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. This page (NASDAQ:SLM) was last updated on 3/26/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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