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NASDAQ:SLM

SLM - SLM Stock Forecast, Price & News

$11.66
+0.13 (+1.13%)
(As of 03/29/2023 09:39 AM ET)
Add
Compare
Today's Range
$11.61
$11.79
50-Day Range
$11.27
$17.79
52-Week Range
$10.81
$20.17
Volume
53,705 shs
Average Volume
2.42 million shs
Market Capitalization
$2.81 billion
P/E Ratio
6.86
Dividend Yield
3.77%
Price Target
$17.92

SLM MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
55.4% Upside
$17.92 Price Target
Short Interest
Healthy
3.29% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.15
Upright™ Environmental Score
News Sentiment
0.54mentions of SLM in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.35%
From $2.46 to $2.69 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.24 out of 5 stars

Finance Sector

74th out of 891 stocks

Personal Credit Institutions Industry

2nd out of 13 stocks


SLM stock logo

About SLM (NASDAQ:SLM) Stock

SLM Corp. engages in the provision and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.

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SLM Stock News Headlines

Nevada Could be the Source for America's Green Future
Industry shift towards lithium driven by green energy goals
Nevada Could be the Source for America's Green Future
Industry shift towards lithium driven by green energy goals
Sallie Mae (SLM) Reports Q4 Loss, Tops Revenue Estimates
Minister calls for ban on charcoal export
See More Headlines
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SLM Company Calendar

Last Earnings
2/02/2023
Ex-Dividend for 3/15 Dividend
3/02/2023
Dividend Payable
3/15/2023
Today
3/29/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Sector
Finance
Current Symbol
NASDAQ:SLM
CUSIP
78442P10
Employees
1,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.92
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+55.4%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$469.01 million
Pretax Margin
26.66%

Debt

Sales & Book Value

Annual Sales
$1.82 billion
Cash Flow
$2.15 per share
Book Value
$5.90 per share

Miscellaneous

Free Float
239,452,000
Market Cap
$2.78 billion
Optionable
Optionable
Beta
1.22

Key Executives

  • Jonathan W. Witter
    Chief Executive Officer & Director
  • Kerri A. Palmer
    Chief Operating Officer & Executive Vice President
  • Steven J. McGarrySteven J. McGarry
    Chief Financial Officer & Executive Vice President
  • Donna F. Vieira
    Chief Commercial Officer & Executive VP
  • William Wolf
    Chief People Officer & Executive Vice President













SLM Stock - Frequently Asked Questions

Should I buy or sell SLM stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.

What is SLM's stock price forecast for 2023?

9 brokerages have issued 12 month target prices for SLM's stock. Their SLM share price forecasts range from $14.00 to $21.00. On average, they expect the company's stock price to reach $17.92 in the next year. This suggests a possible upside of 55.4% from the stock's current price.
View analysts price targets for SLM
or view top-rated stocks among Wall Street analysts.

How have SLM shares performed in 2023?

SLM's stock was trading at $16.60 on January 1st, 2023. Since then, SLM shares have decreased by 30.5% and is now trading at $11.53.
View the best growth stocks for 2023 here
.

Are investors shorting SLM?

SLM saw a increase in short interest in March. As of March 15th, there was short interest totaling 7,810,000 shares, an increase of 41.0% from the February 28th total of 5,540,000 shares. Based on an average trading volume of 2,300,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.3% of the company's stock are short sold.
View SLM's Short Interest
.

When is SLM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our SLM earnings forecast
.

How were SLM's earnings last quarter?

SLM Co. (NASDAQ:SLM) posted its earnings results on Thursday, February, 2nd. The credit services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.79. The credit services provider earned $542.96 million during the quarter, compared to analysts' expectations of $358.11 million. SLM had a net margin of 19.82% and a trailing twelve-month return on equity of 27.83%. During the same period last year, the business posted $1.05 EPS.

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

SLM announced a quarterly dividend on Tuesday, January 24th. Shareholders of record on Friday, March 3rd will be given a dividend of $0.11 per share on Wednesday, March 15th. This represents a $0.44 annualized dividend and a yield of 3.82%. The ex-dividend date is Thursday, March 2nd.
Read our dividend analysis for SLM
.

Is SLM a good dividend stock?

SLM (NASDAQ:SLM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 3.90%. The dividend payout ratio is 25.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 16.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLM.

How will SLM's stock buyback program work?

SLM declared that its Board of Directors has approved a share buyback plan on Wednesday, January 26th 2022, which allows the company to repurchase $1,250,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

What guidance has SLM issued on next quarter's earnings?

SLM issued an update on 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 earnings per share estimate of $2.64.

What is Jonathan Witter's approval rating as SLM's CEO?

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.

What other stocks do shareholders of SLM own?
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 number of institutional and retail investors. Top institutional investors include Boston Partners (4.80%), Dimensional Fund Advisors LP (2.25%), Victory Capital Management Inc. (2.17%), Victory Capital Management Inc. (2.17%), Victory Capital Management Inc. (2.25%) and Geode Capital Management LLC (1.68%). Insiders that own company stock include Jonathan Boyles, Mary Carter Warren Franke, Nicolas Jafarieh, Paul F Thome, Robert S Strong and Steven Mcgarry.
View institutional ownership trends
.

How do I buy shares of SLM?

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.
Compare Top Brokerages Here.

What is SLM's stock price today?

One share of SLM stock can currently be purchased for approximately $11.53.

How much money does SLM make?

SLM (NASDAQ:SLM) has a market capitalization of $2.78 billion and generates $1.82 billion in revenue each year. The credit services provider earns $469.01 million in net income (profit) each year or $1.70 on an earnings per share basis.

How many employees does SLM have?

The company employs 1,700 workers across the globe.

How can I contact SLM?

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.

This page (NASDAQ:SLM) was last updated on 3/29/2023 by MarketBeat.com Staff