SLM - SLM Stock Forecast, Price & News

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

6 Wall Street analysts have issued 12 month price objectives for SLM's stock. Their SLM share price forecasts range from $19.00 to $25.00. On average, they expect the company's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 53.7% from the stock's current price.
View analysts price targets for SLM or view top-rated stocks among Wall Street analysts.

SLM's stock was trading at $19.67 at the beginning of 2022. Since then, SLM stock has decreased by 27.2% and is now trading at $14.31.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our SLM earnings forecast.

SLM Co. (NASDAQ:SLM) announced its quarterly earnings data on Wednesday, July, 27th. The credit services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. The credit services provider had revenue of $362.81 million for the quarter, compared to analyst estimates of $354.41 million. SLM had a trailing twelve-month return on equity of 46.75% and a net margin of 37.26%. During the same quarter in the previous year, the business earned $0.45 earnings per share.

SLM declared a quarterly dividend on Tuesday, July 26th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.11 per share on Thursday, September 15th. This represents a $0.44 annualized dividend and a yield of 3.07%. The ex-dividend date is Thursday, September 1st.
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 3.10%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 15.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLM.

SLM announced that its board has initiated a share buyback plan on Wednesday, January 26th 2022, 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 24.9% 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 2022 earnings guidance on Tuesday, September, 20th. The company provided earnings per share guidance of $2.50-$2.70 for the period, compared to the consensus EPS estimate of $2.62. The company issued revenue guidance of -.

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 a variety of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (7.96%), UBS Asset Management Americas Inc. (6.00%), ValueAct Holdings L.P. (4.33%), State Street Corp (3.03%), Victory Capital Management Inc. (2.05%) and FMR LLC (2.06%). Insiders that own company stock include Earl A Goode, 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 $14.31.

SLM (NASDAQ:SLM) has a market capitalization of $3.60 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 $3.02 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.