SLM (SLM) Stock Forecast, Price & News

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) announced its earnings results on Wednesday, April, 27th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by $0.35. The credit services provider earned $375.03 million during the quarter, compared to the consensus estimate of $375.59 million. SLM had a trailing twelve-month return on equity of 34.38% and a net margin of 31.67%. The business's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business 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 announced a quarterly dividend on Monday, April 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.31%. 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 2.39%. 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 declared that its board has initiated a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are typically 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 (EPS) guidance of $2.80-3.00 for the period, compared to the consensus earnings per share estimate of $2.91.

What price target have analysts set for SLM?

5 brokerages have issued twelve-month price objectives for SLM's stock. Their forecasts range from $19.00 to $27.00. On average, they anticipate SLM's share price to reach $23.00 in the next year. This suggests a possible upside of 20.7% 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.

Who are some of SLM's key competitors?

Some companies that are related to SLM include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), Credit Acceptance (CACC), Nelnet (NNI), Green Dot (GDOT), PRA Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), Regional Management (RM), EZCORP (EZPW) and Nicholas Financial (NICK).
View all of SLM's competitors.

What other stocks do shareholders of SLM own?

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).

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 institutional and retail investors. Top institutional shareholders 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 major 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 major 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.
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What is SLM's stock price today?

One share of SLM stock can currently be purchased for approximately $19.05.

How much money does SLM make?

SLM has a market capitalization of $5.13 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.