SLM (SLM) Stock Price, News & Analysis

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SLM shares.
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10 analysts have issued 1 year target prices for SLM's stock. Their SLM share price targets range from $16.00 to $25.00. On average, they expect the company's share price to reach $20.32 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
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SLM's stock was trading at $19.12 on January 1st, 2024. Since then, SLM stock has increased by 8.7% and is now trading at $20.78.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our SLM earnings forecast.

SLM will be holding an earnings conference call on Wednesday, April 24th at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link.

SLM Co. (NASDAQ:SLM) issued its earnings results on Tuesday, January, 30th. The credit services provider reported $0.72 EPS for the quarter, missing the consensus estimate of $0.87 by $0.15. The credit services provider earned $725.66 million during the quarter, compared to analysts' expectations of $379.20 million. SLM had a trailing twelve-month return on equity of 36.86% and a net margin of 20.65%. During the same quarter in the prior year, the business posted ($0.33) EPS.

SLM announced a quarterly dividend on Tuesday, January 23rd. Shareholders of record on Monday, March 4th will be paid a dividend of $0.11 per share on Friday, March 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, March 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 2.13%. The dividend payout ratio is 18.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 15.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLM.

ETFs with the largest weight of SLM (NASDAQ:SLM) stock in their portfolio include Adaptiv Select ETF (ADPV), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Vest Rising Dividend Achievers Target Income ETF (RDVI), Alpha Intelligent - Large Cap Value ETF (AILV), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Avantis U.S. Small Cap Value ETF (AVUV) and Vanguard U.S. Quality Factor ETF (VFQY).Global X Millennial Consumer ETF (MILN).

SLM announced that its board has initiated a share repurchase plan on Wednesday, January 24th 2024, which authorizes the company to buyback $650,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 14.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

SLM issued an update on its FY 2024 earnings guidance on Thursday, January, 25th. The company provided EPS guidance of 2.600-2.700 for the period, compared to the consensus EPS estimate of 2.730. 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 Xtrackers California Municipal Bond ETF (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's stock is owned by a number of retail and institutional investors. Top institutional shareholders include ARGA Investment Management LP (0.27%), Los Angeles Capital Management LLC (0.27%), Alaska Permanent Fund Corp (0.06%), IMC Chicago LLC (0.00%), Chickasaw Capital Management LLC (0.00%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include Donna F Vieira, Jonathan Boyles, Nicolas Jafarieh, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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