SLM - SLM Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 1 sell rating, 3 hold ratings and 2 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.

6 Wall Street analysts have issued 1 year target prices for SLM's shares. Their SLM share price forecasts range from $15.00 to $22.00. On average, they predict the company's stock price to reach $18.80 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price.
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SLM's stock was trading at $16.60 at the beginning of 2023. Since then, SLM stock has decreased by 10.8% and is now trading at $14.80.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our SLM earnings forecast.

SLM Co. (NASDAQ:SLM) released its quarterly earnings data on Wednesday, February, 1st. The credit services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.79. The credit services provider had revenue of $542.96 million for the quarter, compared to analyst estimates of $358.11 million. SLM had a net margin of 35.01% and a trailing twelve-month return on equity of 47.71%. During the same period last year, the firm earned $1.05 earnings per share.

SLM announced a quarterly dividend on Tuesday, January 24th. Shareholders of record on Friday, March 3rd will be paid a dividend of $0.11 per share on Wednesday, March 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, March 2nd.
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 2.50%. 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 17.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLM.

SLM declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 26th 2022, which permits the company to repurchase $1,250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

SLM updated its FY23 earnings guidance on Wednesday, February, 1st. The company provided EPS guidance of $2.50-2.70 for the period, compared to the consensus EPS estimate of $2.64.

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 many different institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.95%), Ceredex Value Advisors LLC (0.42%), Hahn Capital Management LLC (0.36%), Natixis Advisors L.P. (0.20%), New York State Teachers Retirement System (0.16%) and Comerica Bank (0.12%). Insiders that own company stock include 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 $14.80.

SLM (NASDAQ:SLM) has a market capitalization of $3.70 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.