Sallie Mae/SLM

$20.78

0.53%
-
1D1W1MYTD1YMAX

About Sallie Mae

SLM Corporation is a holding company, which operates through various subsidiaries and is a financial brand for higher education. The Company’s primary business is to originate and service loans it makes to students and their families to finance the cost of their education. It also offers a range of deposit products insured by the Federal Deposit Insurance Corporation. Its primary private education loan product is the Smart Option Student Loan, which emphasizes in-school payment features that can produce shorter terms and reduce customers’ total finance charges. Smart Option Student Loan generally runs for six months after the borrower separates from school but can run for up to 36 months for a small subset of graduate loans. It also offers six loan products for specific graduate programs of study. These include the Sallie Mae Law School Loan, the Sallie Mae MBA Loan, the Sallie Mae Graduate School Loan for Health Professions, the Sallie Mae Medical School Loan, and others.

Ticker

SLM

Sector

Financials

Trading on

NASDAQ

Industry

Consumer Financial Services

CEO

Jonathan Witter

Employees

1,740

Headquarters

Newark, United States

Sallie Mae Metrics

BasicAdvanced
$4.55B
Market cap
8.62
P/E ratio
$2.40
EPS
1.18
Beta
$0.44
Dividend rate
2.13%
Dividend yield
$4.55B
1.18436
$21.94
$12.26
2.22M
$0.44
277.941
277.941
17.96%
2.01%
36.3%
8.618
2.517
2.794
2.513
1.72%
2.13%
2.13%
27.6%
41.1%
8.64%
2.3%
54.2%

What the Analysts think about Sallie Mae

Analyst Ratings

Majority rating from 11 analysts.
Buy

Price Targets

Average projection from 10 analysts.
15.98% upside
High $26.00
Low $22.00
$20.78
Current price
$24.10
Average price target

Sallie Mae Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
23.2% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$725.6M
7.27%
Net income
$168.4M
474.74%
Profit margin
23.2%
435.8%

Sallie Mae Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 2.4%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.47
$1.10
$0.11
$0.91
-
Expected
$0.35
$1.16
$0.31
$0.89
$1.09
Surprise
32.57%
-5.31%
-64.62%
2.4%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Sallie Mae stock?

Sallie Mae (SLM) has a market cap of $4.55B as of April 15, 2024.

What is the P/E ratio for Sallie Mae stock?

The price to earnings (P/E) ratio for Sallie Mae (SLM) stock is 8.62 as of April 15, 2024.

Does Sallie Mae stock pay dividends?

Yes, the Sallie Mae (SLM) stock pays dividends to shareholders. As of April 15, 2024, the dividend rate is $0.44 and the yield is 2.13%. Sallie Mae has a payout ratio of 17.96% on a trailing twelve-month basis.

When is the next Sallie Mae dividend payment date?

The next Sallie Mae (SLM) dividend payment date is unconfirmed.

What is the beta indicator for Sallie Mae?

Sallie Mae (SLM) has a beta rating of 1.18. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Sallie Mae stock price target?

The target price for Sallie Mae (SLM) stock is $24.1, which is 15.98% above the current price of $20.78. This is an average based on projections from 10 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

Buy or sell Sallie Mae stock

Buy or sell Sallie Mae stock

Stocks, funds and up to 4.50% interest earned on uninvested cash. When you invest, your capital is at risk.
Start investing