SLM (SLM) Stock Price, News & Analysis

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SLM shares.
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11 Wall Street analysts have issued 12-month price targets for SLM's shares. Their SLM share price targets range from $16.00 to $25.00. On average, they expect the company's share price to reach $19.77 in the next year. This suggests a possible upside of 0.9% from the stock's current price.
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SLM's stock was trading at $19.12 at the beginning of 2024. Since then, SLM stock has increased by 2.5% and is now trading at $19.60.
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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 Co. (NASDAQ:SLM) announced its quarterly earnings data 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 net margin of 20.65% and a trailing twelve-month return on equity of 36.86%. During the same period last year, the business earned ($0.33) earnings per share.

SLM announced a quarterly dividend on Tuesday, January 23rd. Stockholders 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 2.24%. The ex-dividend date 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 2.24%. 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 Invesco S&P MidCap 400 Pure Growth ETF (RFG), Alpha Intelligent - Large Cap Value ETF (AILV), Vident Core U.S. Equity Fund (VUSE) and Avantis U.S. Small Cap Value ETF (AVUV).Global X Millennials Consumer ETF (MILN).

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

SLM updated its FY 2024 earnings guidance on Thursday, January, 25th. 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 2.730. 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 many different institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (5.32%), Boston Partners (5.21%), Dimensional Fund Advisors LP (2.86%), Polaris Capital Management LLC (1.08%), Norges Bank (0.97%) and Charles Schwab Investment Management Inc. (0.76%). Insiders that own company stock include Donna F Vieira, Jonathan Boyles, Mary Carter Warren Franke, 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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