SLM Stock Forecast, Price & News

5 Wall Street equities research 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 equities research analysts is that investors should "buy" SLM stock.
View analyst ratings for SLM or view top-rated stocks.

Wall Street analysts have given SLM a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but SLM wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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SLM saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 4,860,000 shares, a decline of 32.7% from the August 15th total of 7,220,000 shares. Based on an average daily trading volume, of 2,770,000 shares, the short-interest ratio is currently 1.8 days. Currently, 1.6% of the company's stock are sold short.
View SLM's Short Interest.

SLM is scheduled to release its next quarterly earnings announcement on Wednesday, October 20th 2021.
View our earnings forecast for SLM.

SLM Co. (NASDAQ:SLM) released its quarterly earnings data on Tuesday, July, 20th. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. The credit services provider earned $338.78 million during the quarter, compared to analysts' expectations of $332.33 million. SLM had a net margin of 59.99% and a trailing twelve-month return on equity of 66.37%. The company's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.22) earnings per share.
View SLM's earnings history.

SLM's stock was trading at $8.95 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SLM shares have increased by 93.4% and is now trading at $17.31.
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SLM announced a quarterly dividend on Thursday, July 29th. Shareholders of record on Friday, September 3rd will be given a dividend of $0.03 per share on Wednesday, September 15th. This represents a $0.12 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, September 2nd.
View SLM's dividend history.

SLM pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.69%. SLM does not yet have a strong track record of dividend growth. The dividend payout ratio of SLM is 5.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 4.38% next year. This indicates that SLM will be able to sustain or increase its dividend.
View SLM's dividend history.

SLM declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 27th 2021, which permits the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 23.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

SLM issued an update on its FY 2021 earnings guidance on Wednesday, August, 4th. The company provided earnings per share guidance of $3.150-$3.250 for the period, compared to the Thomson Reuters consensus estimate of $3.100. The company issued revenue guidance of -.

5 brokerages have issued twelve-month target prices for SLM's shares. Their forecasts range from $20.00 to $28.00. On average, they anticipate SLM's share price to reach $23.17 in the next year. This suggests a possible upside of 33.8% from the stock's current price.
View analysts' price targets for SLM or view top-rated stocks among Wall Street analysts.

12 employees have rated SLM CEO Jonathan Witter on Glassdoor.com. Jonathan Witter has an approval rating of 70% among SLM's employees.

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.

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. (11.84%), BlackRock Inc. (8.75%), ValueAct Holdings L.P. (6.73%), ValueAct Holdings L.P. (6.73%), Massachusetts Financial Services Co. MA (4.78%) and Boston Partners (4.36%). Company insiders that own SLM stock include Earl A Goode, Mary Carter Warren Franke, Nicolas Jafarieh, Paul F Thome and Robert S Strong.
View institutional ownership trends for SLM.

SLM stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, ValueAct Holdings L.P., ValueAct Holdings L.P., Price T Rowe Associates Inc. MD, BlackRock Inc., Laurion Capital Management LP, Boston Partners, and Credit Suisse AG. Company insiders that have sold SLM company stock in the last year include Nicolas Jafarieh, and Paul F Thome.
View insider buying and selling activity for SLM or view top insider-selling stocks.

SLM stock was bought by a variety of institutional investors in the last quarter, including Man Group plc, Jupiter Asset Management Ltd., Massachusetts Financial Services Co. MA, Millennium Management LLC, Glenmede Trust Co. NA, Amundi, State Street Corp, and Northern Trust Corp. 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.

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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One share of SLM stock can currently be purchased for approximately $17.31.

SLM has a market capitalization of $5.29 billion and generates $2.35 billion in revenue each year. The credit services provider earns $880.69 million in net income (profit) each year or $2.23 on an earnings per share basis.

SLM employs 1,600 workers across the globe.

The official website for SLM is www.salliemae.com.

SLM is headquartered at 300 CONTINENTAL DRIVE, NEWARK DE, 19713.

SLM's mailing address is 300 CONTINENTAL DRIVE, NEWARK DE, 19713. The credit services provider can be reached via phone at (302) 451-0200 or via email at [email protected].