SLM Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SLM in the last twelve months. There are currently 2 hold ratings 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.

Wall Street analysts have given SLM a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but SLM wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

SLM saw a increase in short interest in the month of January. As of January 29th, there was short interest totaling 19,050,000 shares, an increase of 41.4% from the January 14th total of 13,470,000 shares. Based on an average daily volume of 4,530,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 5.1% of the shares of the company are sold short.
View SLM's Short Interest.

SLM is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for SLM.

SLM Co. (NASDAQ:SLM) posted its quarterly earnings data on Tuesday, January, 26th. The credit services provider reported $1.15 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.35 by $0.80. The credit services provider earned $366.54 million during the quarter, compared to the consensus estimate of $370.89 million. SLM had a net margin of 23.87% and a trailing twelve-month return on equity of 28.69%. During the same quarter in the prior year, the company earned $0.33 earnings per share.
View SLM's earnings history.

SLM's stock was trading at $8.95 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SLM stock has increased by 76.4% and is now trading at $15.79.
View which stocks have been most impacted by COVID-19.

SLM announced a quarterly dividend on Tuesday, January 26th. Shareholders of record on Friday, March 5th will be paid a dividend of $0.03 per share on Monday, March 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, March 4th.
View SLM's dividend history.

SLM pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.76%. SLM does not yet have a strock track record of dividend growth. The dividend payout ratio of SLM is 9.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 8.05% 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 has initiated a share buyback plan on Wednesday, January 27th 2021, which authorizes the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 23.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

SLM issued an update on its FY 2021 After-Hours earnings guidance on Wednesday, January, 27th. The company provided earnings per share (EPS) guidance of 2.20-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.62.

6 analysts have issued 12 month price objectives for SLM's shares. Their forecasts range from $9.00 to $20.00. On average, they expect SLM's share price to reach $16.42 in the next year. This suggests a possible upside of 4.0% 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 Co. (ATH.TO) (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Transocean (RIG), Gran Tierra Energy Inc. (GTE.TO) (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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.40%), Boston Partners (4.14%), CI Investments Inc. (3.60%), JPMorgan Chase & Co. (3.49%), Barrow Hanley Mewhinney & Strauss LLC (2.54%) and Price T Rowe Associates Inc. MD (1.94%). Company insiders that own SLM stock include Earl A Goode, Jed H Pitcher, Jonathan Boyles, Mary Carter Warren Franke and Paul F Thome.
View institutional ownership trends for SLM.

SLM stock was sold by a variety of institutional investors in the last quarter, including CI Investments Inc., Renaissance Technologies LLC, Wedge Capital Management L L P NC, Barrow Hanley Mewhinney & Strauss LLC, Price T Rowe Associates Inc. MD, Russell Investments Group Ltd., Bayview Asset Management LLC, and Barclays PLC.
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 JPMorgan Chase & Co., Principal Financial Group Inc., Impactive Capital LP, Morgan Stanley, SummerHaven Investment Management LLC, Canada Pension Plan Investment Board, BlackRock Inc., and Caas Capital Management LP.
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.
Compare Top Brokerages Here.

One share of SLM stock can currently be purchased for approximately $15.79.

SLM has a market capitalization of $5.93 billion and generates $2.38 billion in revenue each year. The credit services provider earns $578.28 million in net income (profit) each year or $1.27 on an earnings per share basis.

SLM employs 1,900 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]