SLM - SLM Stock Forecast, Price & News

9 Wall Street 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 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.
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9 equities research analysts have issued 12-month target prices for SLM's shares. Their SLM share price forecasts range from $14.00 to $21.00. On average, they expect the company's share price to reach $17.92 in the next twelve months. This suggests a possible upside of 56.3% 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 at the beginning of 2023. Since then, SLM stock has decreased by 31.0% and is now trading at $11.46.
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SLM saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 7,810,000 shares, an increase of 41.0% from the February 28th total of 5,540,000 shares. Based on an average daily volume of 2,300,000 shares, the short-interest ratio is currently 3.4 days. Approximately 3.3% of the company's shares are short sold.
View SLM's Short Interest.

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 earnings results on Thursday, February, 2nd. The credit services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.46 by $0.79. The credit services provider earned $542.96 million during the quarter, compared to analysts' expectations of $358.11 million. SLM had a trailing twelve-month return on equity of 27.83% and a net margin of 19.82%. During the same period last year, the business earned $1.05 earnings per share.

SLM declared a quarterly dividend on Tuesday, January 24th. Stockholders of record on Friday, March 3rd will be given a dividend of $0.11 per share on Wednesday, March 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.84%. 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), JPMorgan Social Advancement ETF (UPWD) and SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV).

SLM (NASDAQ:SLM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 3.90%. 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 has authorized a share buyback plan 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 purchase 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 shares are undervalued.

SLM updated its FY23 earnings guidance on Wednesday, February, 1st. The company provided earnings per share 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 variety of retail and institutional 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.
View institutional ownership trends.

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 $11.46.

SLM (NASDAQ:SLM) has a market capitalization of $2.76 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.