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NASDAQ:SLM

SLM - SLM Stock Forecast, Price & News

$16.83
+0.03 (+0.18%)
(As of 12/7/2022 10:47 AM ET)
Add
Compare
Today's Range
$16.59
$16.86
50-Day Range
$13.99
$17.69
52-Week Range
$13.72
$20.88
Volume
15,394 shs
Average Volume
1.29 million shs
Market Capitalization
$4.21 billion
P/E Ratio
5.48
Dividend Yield
2.63%
Price Target
$18.89

SLM MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
12.3% Upside
$18.89 Price Target
Short Interest
Healthy
2.08% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.15
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-0.80%
From $2.51 to $2.49 Per Share

Overall MarketRank

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

2.69 out of 5 stars

Finance Sector

208th out of 872 stocks

Personal Credit Institutions Industry

3rd out of 13 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.

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SLM Stock News Headlines

SLM Co. (NASDAQ:SLM) Plans $0.11 Quarterly Dividend
Military Defense Impacted by Domestic Uranium Shortage?
Few people know that the U.S. military's nuclear fleet is the largest uranium fuel consumer in the world. About 160 U.S. ships are powered by over 200 small nuclear reactors. While most are submarines, some icebreakers and aircraft carriers are also nuclear-powered. Unfortunately, current U.S. reliance on Russian state-owned sources for our uranium supply leaves our entire nuclear energy sector - including defense - vulnerable to geopolitical conflict such as Russia's war against Ukraine.
SLM (NASDAQ:SLM) Will Pay A Dividend Of $0.11
SLM (NASDAQ:SLM) Is Paying Out A Dividend Of $0.11
YIKES! 220 Pounds of Graphite in Each EV Battery?
Most don't know that today's EV batteries contain more graphite than any other essential ingredient... more than lithium, copper or aluminum! The megatrend of electrifying vehicles only adds to graphite demand, expected to skyrocket 1,050% by 2030. Investors have been frustrated in their search for a Made In America solution – until now.
SLM Corp. Profit Climbs In Q3, but misses estimates
Recap: SLM Q3 Earnings
Sallie Mae Reports Third-Quarter 2022 Financial Results
Earnings Outlook For SLM
See More Headlines
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SLM Company Calendar

Ex-Dividend for 9/15 Dividend
9/01/2022
Dividend Payable
9/15/2022
Last Earnings
10/26/2022
Ex-Dividend for 12/15 Dividend
12/01/2022
Today
12/07/2022
Dividend Payable
12/15/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/25/2023

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
$18.89
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+12.2%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$1.16 billion
Pretax Margin
46.71%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$4.24 per share
Book Value
$6.48 per share

Miscellaneous

Free Float
248,396,000
Market Cap
$4.21 billion
Optionable
Optionable
Beta
1.19

Key Executives

  • Mr. Jonathan W. Witter (Age 52)
    CEO & Director
    Comp: $2.82M
  • Mr. Steven J. McGarryMr. Steven J. McGarry (Age 64)
    Exec. VP & CFO
    Comp: $1.43M
  • Mr. Daniel P. Kennedy (Age 55)
    Exec. VP & COO
    Comp: $1.2M
  • Ms. Donna F. Vieira (Age 57)
    Exec. VP & Chief Commercial Officer
    Comp: $1.15M
  • Ms. Kerri A. Palmer (Age 51)
    Exec. VP & Chief Risk Officer
    Comp: $1.35M
  • Mr. Brian Cronin
    VP & Head of Investor Relations
  • Mr. Nicolas JafariehMr. Nicolas Jafarieh (Age 47)
    Exec. VP and Chief Legal, Gov. Affairs & Communications Officer
  • Mr. William Wolf (Age 56)
    Exec. VP & Chief People Officer
  • Mr. Tim Morrison
    Sr. VP of Gov. Relations
  • Ms. Joni J. Reich
    Exec. VP of Admin.













SLM Stock - Frequently Asked Questions

Should I buy or sell SLM stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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?

7 analysts have issued 12-month target prices for SLM's shares. Their SLM share price forecasts range from $15.00 to $22.00. On average, they expect the company's share price to reach $18.89 in the next twelve months. This suggests a possible upside of 12.4% 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 at the start of the year. Since then, SLM shares have decreased by 14.6% and is now trading at $16.80.
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, January 25th 2023.
View our SLM earnings forecast
.

How were SLM's earnings last quarter?

SLM Co. (NASDAQ:SLM) issued its quarterly earnings results on Wednesday, October, 26th. The credit services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.18. The credit services provider earned $369.51 million during the quarter, compared to the consensus estimate of $347.69 million. SLM had a trailing twelve-month return on equity of 47.71% and a net margin of 35.01%. During the same quarter in the prior year, the company earned $0.24 earnings per share.

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

SLM announced a quarterly dividend on Tuesday, October 25th. Investors of record on Friday, December 2nd will be paid a dividend of $0.11 per share on Thursday, December 15th. This represents a $0.44 annualized dividend and a yield of 2.62%. The ex-dividend date is Thursday, December 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 2.63%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 17.67% 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 of Directors has initiated a share buyback program on Wednesday, January 26th 2022, which allows the company to repurchase $1,250,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 24.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

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

SLM updated its FY 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of $2.50-$2.60 for the period, compared to the consensus earnings per share estimate of $2.64. 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.21%), Impactive Capital LP (9.03%), BlackRock Inc. (8.55%), Massachusetts Financial Services Co. MA (7.54%), UBS Asset Management Americas Inc. (5.91%) and Boston Partners (4.82%). 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 $16.80.

How much money does SLM make?

SLM (NASDAQ:SLM) has a market capitalization of $4.20 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 $3.07 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 12/7/2022 by MarketBeat.com Staff