SLM - SLM Stock Forecast, Price & News

7 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, 3 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.

7 Wall Street research analysts have issued 12 month price objectives for SLM's shares. Their SLM share price forecasts range from $15.00 to $22.00. On average, they expect the company's stock price to reach $18.89 in the next year. This suggests a possible upside of 10.5% 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 $19.67 at the beginning of the year. Since then, SLM stock has decreased by 13.1% and is now trading at $17.09.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our SLM earnings forecast.

SLM Co. (NASDAQ:SLM) posted its quarterly earnings data 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 net margin of 35.01% and a trailing twelve-month return on equity of 47.71%. During the same quarter in the previous year, the business earned $0.24 earnings per share.

SLM announced a quarterly dividend on Tuesday, October 25th. Investors of record on Friday, December 2nd will be given a dividend of $0.11 per share on Thursday, December 15th. This represents a $0.44 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, December 1st.
Read our dividend analysis for SLM.

SLM (NASDAQ:SLM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.56%. 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 17.53% 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 approved a stock buyback program on Wednesday, January 26th 2022, which permits the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 24.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

SLM issued an update on its FY 2022 earnings guidance on Wednesday, November, 2nd. The company provided EPS guidance of $2.50-$2.60 for the period, compared to the consensus EPS estimate of $2.64. The company issued revenue guidance of -.

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 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.
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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 $17.09.

SLM (NASDAQ:SLM) has a market capitalization of $4.28 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.

The company employs 1,450 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.