S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
What's in Democrats' big bill? Climate, health care, savings
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
What's in Democrats' big bill? Climate, health care, savings
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
What's in Democrats' big bill? Climate, health care, savings
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
What's in Democrats' big bill? Climate, health care, savings

SLM - SLM Stock Forecast, Price & News

$15.33
-0.04 (-0.26%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$15.04
$15.40
50-Day Range
$14.96
$20.14
52-Week Range
$14.60
$20.88
Volume
1.89 million shs
Average Volume
2.59 million shs
Market Capitalization
$3.85 billion
P/E Ratio
5.08
Dividend Yield
2.87%
Price Target
$22.00

SLM MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
43.5% Upside
$22.00 Price Target
Short Interest
Healthy
3.08% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.15
Upright™ Environmental Score
News Sentiment
0.21mentions of SLM in the last 14 days
Based on 13 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.

3.13 out of 5 stars

Finance Sector

64th out of 1,176 stocks

Personal Credit Institutions Industry

1st 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.

Analyst Ratings Changes

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

SLM Stock Down 0.3 %

NASDAQ:SLM traded down $0.04 on Friday, reaching $15.33. The company had a trading volume of 1,893,479 shares, compared to its average volume of 2,586,780. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 5.08 and a beta of 1.19. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.22 and a current ratio of 1.22. SLM has a 1-year low of $14.60 and a 1-year high of $20.88. The company's fifty day moving average is $16.74 and its 200-day moving average is $17.57.

SLM (NASDAQ:SLM - Get Rating) last announced its earnings results on Wednesday, July 27th. The credit services provider reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.21. SLM had a net margin of 37.26% and a return on equity of 46.75%. During the same period last year, the firm posted $0.45 earnings per share. On average, research analysts forecast that SLM will post 2.63 earnings per share for the current fiscal year.

SLM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, September 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, September 1st. SLM's payout ratio is presently 14.57%.

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SLM Stock News Headlines

The Answer is Opportunity…
We’re giving away the three best opportunities we have found this year. If you’re an investor - then pay close attention because… These 3 have the most important criteria we look for. Click Here to See My Top 3 Opportunities. pixel
Why Shares of SLM Fell Today
The Answer is Opportunity…
We’re giving away the three best opportunities we have found this year. If you’re an investor - then pay close attention because… These 3 have the most important criteria we look for. Click Here to See My Top 3 Opportunities. pixel
Brokerages Set SLM Co. (NASDAQ:SLM) Target Price at $22.00
SLM (NASDAQ:SLM) Price Target Cut to $21.00
SLM (NASDAQ:SLM) PT Lowered to $22.00
See More Headlines
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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
8/07/2022
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
+43.5%
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
$3.85 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 analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 1 hold rating and 5 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.

What is SLM's stock price forecast for 2022?

6 analysts have issued 12-month price targets for SLM's stock. Their SLM stock forecasts range from $19.00 to $25.00. On average, they expect SLM's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 43.5% from the stock's current price.
View analysts' price targets for SLM
or view top-rated stocks among Wall Street analysts.

How has SLM's stock performed in 2022?

SLM's stock was trading at $19.67 at the beginning of 2022. Since then, SLM stock has decreased by 22.1% and is now trading at $15.33.
View the best growth stocks for 2022 here
.

When is SLM's next earnings date?

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

How were SLM's earnings last quarter?

SLM Co. (NASDAQ:SLM) posted its earnings results on Wednesday, July, 27th. The credit services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.08 by $0.21. SLM had a trailing twelve-month return on equity of 46.75% and a net margin of 37.26%. During the same quarter in the prior year, the firm earned $0.45 EPS.

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

SLM declared a quarterly dividend on Tuesday, July 26th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.11 per share on Thursday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, September 1st.
View SLM's dividend history
.

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 2.87%. SLM does not yet have a strong track record of dividend growth. The dividend payout ratio of SLM 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 SLM will be able to sustain or increase its dividend.
View SLM's dividend history.

How will SLM's stock buyback program work?

SLM declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 26th 2022, which allows the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its shares are 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 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 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 variety of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (2.05%), Jennison Associates LLC (1.72%), Wedge Capital Management L L P NC (0.91%), Truist Financial Corp (0.67%), Los Angeles Capital Management LLC (0.72%) and Russell Investments Group Ltd. (0.65%). Company insiders that own SLM 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 for SLM
.

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 $15.33.

How much money does SLM make?

SLM (NASDAQ:SLM) has a market capitalization of $3.85 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?

SLM 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 SLM 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 8/7/2022 by MarketBeat.com Staff

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