SLM - SLM Stock Forecast, Price & News

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.

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.

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

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.

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.

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).

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.

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.

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.

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 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.
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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 $11.27.

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.

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.