SLM Stock Forecast, Price & News

SLM (NASDAQ:SLM) Frequently Asked Questions

Is SLM a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SLM stock.
View analyst ratings for SLM or view top-rated stocks.

What stocks does MarketBeat like better than SLM?

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.
View MarketBeat's top stock picks here.

Are investors shorting SLM?

SLM saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,860,000 shares, a decrease of 32.7% from the August 15th total of 7,220,000 shares. Based on an average daily volume of 2,770,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.6% of the company's stock are sold short.
View SLM's Short Interest.

When is SLM's next earnings date?

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

How were SLM's earnings last quarter?

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

How has SLM's stock price been impacted by Coronavirus (COVID-19)?

SLM's stock was trading at $8.95 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SLM stock has increased by 99.9% and is now trading at $17.89.
View which stocks have been most impacted by COVID-19.

How often does SLM pay dividends? What is the dividend yield for SLM?

SLM declared 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 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, September 2nd.
View SLM's dividend history.

Is SLM a good dividend stock?

SLM pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.67%. 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.

How will SLM's stock buyback program work?

SLM announced that its board has initiated a share buyback plan on Wednesday, January 27th 2021, which allows the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 23.9% of its shares through open market purchases. Shares buyback 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 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 -.

What price target have analysts set for SLM?

5 analysts have issued 12 month price targets 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 29.5% 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:

• Jonathan W. Witter, Chief Executive Officer & Director
• Daniel P. Kennedy, Chief Operating Officer & Senior Vice President
• Steven J. McGarry, Chief Financial Officer & Executive Vice President
• Kerri Palmer, Executive VP, Chief Risk & Compliance Officer
• Donna F. Vieira, Chief Commercial Officer & Executive VP

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 variety of retail and institutional 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.

Which institutional investors are selling SLM stock?

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.

Which institutional investors are buying SLM stock?

SLM stock was acquired 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.

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 $17.89.

How much money does SLM make?

SLM has a market capitalization of $5.47 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.

How many employees does SLM have?

SLM employs 1,600 workers across the globe.

What is SLM's official website?

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

Where are SLM's headquarters?

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

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 or via email at [email protected].