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 Wall Street research 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 anticipate the company's stock price to reach $20.32 in the next year. This suggests that the stock has a possible downside of 8.1%.
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SLM's stock was trading at $19.12 at the beginning of the year. Since then, SLM shares have increased by 15.6% and is now trading at $22.10.
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SLM Co. (NASDAQ:SLM) released its earnings results on Wednesday, April, 24th. The credit services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.18. The credit services provider had revenue of $837.72 million for the quarter, compared to analyst estimates of $376.43 million. SLM had a trailing twelve-month return on equity of 36.86% and a net margin of 20.65%. During the same period in the prior year, the firm earned $0.47 EPS.

SLM declared a quarterly dividend on Monday, April 22nd. Shareholders of record on Thursday, June 6th will be given a dividend of $0.11 per share on Monday, June 17th. This represents a $0.44 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, June 5th.
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 2.01%. 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), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), First Trust Financial AlphaDEX Fund (FXO), Alpha Intelligent - Large Cap Value ETF (AILV), FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) and First Trust SMID Cap Rising Dividend Archievers ETF (SDVY).

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

SLM issued an update on its FY 2024 earnings guidance on Wednesday, April, 24th. The company provided earnings per share (EPS) guidance of 2.600-2.700 for the period, compared to the consensus earnings per share estimate of 2.690. 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 many different retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (1.14%), Polaris Capital Management LLC (0.76%), ARGA Investment Management LP (0.27%), Los Angeles Capital Management LLC (0.27%), Shikiar Asset Management Inc. (0.08%) and Amalgamated Bank (0.06%). 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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