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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
3rd Massive Dollar Upheaval Has Started (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
3rd Massive Dollar Upheaval Has Started (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
3rd Massive Dollar Upheaval Has Started (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel

SLM - SLM Stock Forecast, Price & News

$16.17
+0.22 (+1.38%)
(As of 08/12/2022 09:15 PM ET)
Add
Compare
Today's Range
$15.91
$16.18
50-Day Range
$14.96
$20.14
52-Week Range
$14.60
$20.88
Volume
962,000 shs
Average Volume
2.70 million shs
Market Capitalization
$4.06 billion
P/E Ratio
5.35
Dividend Yield
2.72%
Price Target
$22.00

SLM MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
36.1% Upside
$22.00 Price Target
Short Interest
Healthy
3.27% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.15
Upright™ Environmental Score
News Sentiment
0.27mentions of SLM in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.89%
From $2.63 to $2.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.03 out of 5 stars

Finance Sector

62nd out of 926 stocks

Personal Credit Institutions Industry

3rd out of 14 stocks

SLM stock logo

About SLM (NASDAQ:SLM) Stock

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 also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans. It serves students and families through financial aid, federal loans, and student and family resources. 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 Performance

Shares of NASDAQ:SLM traded up $0.22 during trading hours on Friday, reaching $16.17. The stock had a trading volume of 962,014 shares, compared to its average volume of 2,633,677. The business's fifty day moving average is $16.37 and its two-hundred day moving average is $17.51. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 5.35 and a beta of 1.19. SLM has a twelve month low of $14.60 and a twelve month high of $20.88.

SLM (NASDAQ:SLM - Get Rating) last issued its earnings results on Wednesday, July 27th. The credit services provider reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.21. SLM had a return on equity of 46.75% and a net margin of 37.26%. During the same period last year, the business earned $0.45 earnings per share. As a group, research analysts expect that SLM will post 2.63 EPS for the current year.

SLM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, September 1st. This represents a $0.44 annualized dividend and a yield of 2.72%. SLM's dividend payout ratio is currently 14.57%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stephens cut SLM from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $24.00 to $19.00 in a research report on Monday, April 18th. Keefe, Bruyette & Woods decreased their target price on SLM from $24.00 to $21.00 in a research report on Monday, July 11th. Citigroup decreased their target price on SLM from $26.00 to $21.00 in a research report on Monday, May 2nd. Finally, Barclays decreased their target price on SLM from $27.00 to $22.00 and set an "overweight" rating for the company in a research report on Monday, July 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, SLM has an average rating of "Moderate Buy" and an average target price of $22.00.

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SLM Stock News Headlines

Why Shares of SLM Fell Today
Brokerages Set SLM Co. (NASDAQ:SLM) Target Price at $22.00
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SLM Company Calendar

Ex-Dividend for 6/15 Dividend
6/02/2022
Dividend Payable
6/15/2022
Last Earnings
7/27/2022
Today
8/14/2022
Ex-Dividend for 9/15 Dividend
9/01/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Sector
Finance
Current Symbol
NASDAQ:SLM
CUSIP
78442P10
Employees
1,450
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$22.00
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+36.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$1.16 billion
Pretax Margin
49.31%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$4.21 per share
Book Value
$6.86 per share

Miscellaneous

Free Float
249,574,000
Market Cap
$4.06 billion
Optionable
Optionable
Beta
1.19

Key Executives














SLM Stock - Frequently Asked Questions

Should I buy or sell SLM stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SLM shares.
View SLM analyst ratings
or view top-rated stocks.

What is SLM's stock price forecast for 2022?

6 brokerages have issued 12-month price objectives for SLM's stock. Their SLM share price forecasts range from $19.00 to $25.00. On average, they predict the company's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 36.1% 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 2022?

SLM's stock was trading at $19.67 on January 1st, 2022. Since then, SLM stock has decreased by 17.8% and is now trading at $16.17.
View the best growth stocks for 2022 here
.

When is SLM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our SLM earnings forecast
.

How were SLM's earnings last quarter?

SLM Co. (NASDAQ:SLM) issued its quarterly earnings results on Wednesday, July, 27th. The credit services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.21. SLM had a net margin of 37.26% and a trailing twelve-month return on equity of 46.75%. During the same quarter last year, the business posted $0.45 earnings per share.

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

SLM announced a quarterly dividend on Tuesday, July 26th. Investors of record on Friday, September 2nd will be paid a dividend of $0.11 per share on Thursday, September 15th. This represents a $0.44 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, September 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 2.72%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 15.22% 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 authorized a share buyback plan on Wednesday, January 26th 2022, which allows the company to repurchase $1,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 24.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

What guidance has SLM issued on next quarter's earnings?

SLM updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $2.50-$2.70 for the period, compared to the consensus earnings per share estimate of $2.89. 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?

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 variety of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (7.96%), Victory Capital Management Inc. (2.05%), FMR LLC (2.06%), Jennison Associates LLC (1.72%), Brandywine Global Investment Management LLC (1.06%) and Polaris Capital Management LLC (1.05%). Insiders that own company 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
.

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 $16.17.

How much money does SLM make?

SLM (NASDAQ:SLM) has a market capitalization of $4.06 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 $3.02 on an earnings per share basis.

How many employees does SLM have?

The company employs 1,450 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 8/15/2022 by MarketBeat.com Staff

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