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NASDAQ:SLM

SLM (SLM) Stock Forecast, Price & News

$17.92
+0.37 (+2.11%)
(As of 05/23/2022 01:21 PM ET)
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Compare
Today's Range
$17.45
$18.21
50-Day Range
$15.81
$18.65
52-Week Range
$15.34
$21.40
Volume
126,939 shs
Average Volume
2.76 million shs
Market Capitalization
$4.82 billion
P/E Ratio
8.26
Dividend Yield
2.51%
Beta
1.22
30 days | 90 days | 365 days | Advanced Chart
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SLM logo

About 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 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.

Headlines

SLM (NASDAQ:SLM) Hits New 1-Year Low After Earnings Miss
See More Headlines

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

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$4.38 per share
Book Value
$6.66 per share

Profitability

Net Income
$1.16 billion
Pretax Margin
42.10%

Debt

Price-To-Earnings

Miscellaneous

Free Float
267,841,000
Market Cap
$4.82 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/15 Dividend
3/03/2022
Dividend Payable
3/15/2022
Last Earnings
4/27/2022
Today
5/23/2022
Ex-Dividend for 6/15 Dividend
6/02/2022
Dividend Payable
6/15/2022
Next Earnings (Estimated)
7/20/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

3.14 out of 5 stars

Finance Sector

99th out of 1,349 stocks

Personal Credit Institutions Industry

3rd out of 14 stocks

Analyst Opinion: 3.4Community Rank: 4.8Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -













SLM (NASDAQ:SLM) Frequently Asked Questions

Is SLM a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SLM in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SLM stock.
View analyst ratings for SLM
or view top-rated stocks.

When is SLM's next earnings date?

SLM is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for SLM
.

How were SLM's earnings last quarter?

SLM Co. (NASDAQ:SLM) issued its earnings results on Wednesday, April, 27th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.35. The credit services provider earned $375.03 million during the quarter, compared to analysts' expectations of $375.59 million. SLM had a trailing twelve-month return on equity of 34.38% and a net margin of 31.67%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 earnings per share.
View SLM's earnings history
.

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

SLM declared a quarterly dividend on Monday, April 25th. Shareholders of record on Friday, June 3rd will be paid a dividend of $0.11 per share on Wednesday, June 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, June 2nd.
View SLM's dividend history
.

Is SLM a good dividend stock?

SLM pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.51%. SLM does not yet have a strong track record of dividend growth. The dividend payout ratio of SLM is 20.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 13.88% next year. This indicates that SLM will be able to sustain or increase its dividend.
View SLM's dividend history.

How will SLM's stock buyback program work?

SLM announced that its board has approved a stock buyback plan on Wednesday, January 26th 2022, which permits the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 24.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

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

SLM updated its FY22 earnings guidance on Wednesday, April, 27th. The company provided earnings per share guidance of $2.80-3.00 for the period, compared to the consensus EPS estimate of $2.91.

What price target have analysts set for SLM?

5 brokerages have issued 12 month price objectives for SLM's shares. Their forecasts range from $19.00 to $27.00. On average, they expect SLM's stock price to reach $23.00 in the next year. This suggests a possible upside of 28.3% from the stock's current price.
View analysts' price targets for SLM
or view top-rated stocks among Wall Street analysts.

Who are SLM's key executives?
SLM's management team includes the following people:
  • Mr. Jonathan W. Witter, CEO & Director (Age 52, Pay $2.82M)
  • Mr. Steven J. McGarry, Exec. VP & CFO (Age 64, Pay $1.43M)
  • Mr. Daniel P. Kennedy, Exec. VP & COO (Age 55, Pay $1.2M)
  • Ms. Donna F. Vieira, Exec. VP & Chief Commercial Officer (Age 57, Pay $1.15M)
  • Ms. Kerri A. Palmer, Exec. VP & Chief Risk Officer (Age 51, Pay $1.35M)
  • Mr. Brian Cronin, VP & Head of Investor Relations
  • Mr. Nicolas Jafarieh, Exec. VP and Chief Legal, Gov. Affairs & Communications Officer (Age 47) (LinkedIn Profile)
  • Mr. William Wolf, Exec. VP & Chief People Officer (Age 56)
  • Mr. Tim Morrison, Sr. VP of Gov. Relations
  • Ms. Joni J. Reich, Exec. VP of Admin.
What is Jonathan Witter's approval rating as SLM's CEO?

12 employees have rated SLM CEO Jonathan Witter on Glassdoor.com. Jonathan Witter has an approval rating of 70% among SLM'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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.47%), BlackRock Inc. (8.62%), Massachusetts Financial Services Co. MA (6.77%), Boston Partners (5.56%), State Street Corp (2.93%) and Dimensional Fund Advisors LP (2.06%). Company insiders that own SLM stock include Jonathan Boyles, Mary Carter Warren Franke, Nicolas Jafarieh, Paul F Thome, Robert S Strong and Steven Mcgarry.
View institutional ownership trends for SLM
.

Which institutional investors are selling SLM stock?

SLM stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Tiger Management L.L.C., BlackRock Inc., Invesco Ltd., Lazard Asset Management LLC, Charles Schwab Investment Management Inc., Great Lakes Advisors LLC, and Prudential Financial Inc.. Company insiders that have sold SLM company stock in the last year include Jonathan Boyles, Nicolas Jafarieh, and Steven Mcgarry.
View insider buying and selling activity for SLM
or view top insider-selling stocks.

Which institutional investors are buying SLM stock?

SLM stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Polaris Capital Management LLC, Wedge Capital Management L L P NC, Capital World Investors, Los Angeles Capital Management LLC, Massachusetts Financial Services Co. MA, American Century Companies Inc., and CI Investments Inc.. Company insiders that have bought SLM stock in the last two years include Mary Carter Warren Franke, and Robert S Strong.
View insider buying and selling activity for SLM
or or view top insider-buying stocks.

How do I buy shares of SLM?

Shares of SLM 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 $17.92.

How much money does SLM make?

SLM has a market capitalization of $4.82 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 $2.17 on an earnings per share basis.

How many employees does SLM have?

SLM employs 1,450 workers across the globe.

What is SLM's official website?

The official website for SLM is www.salliemae.com.

How can I contact SLM?

SLM's mailing address is 300 CONTINENTAL DRIVE, NEWARK DE, 19713. The credit services provider can be reached via phone at (302) 451-0200, via email at [email protected], or via fax at 800-848-1949.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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