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NASDAQ:SLMSLM Stock Price, Forecast & News

$7.00
+0.13 (+1.89 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$6.79
Now: $7.00
$7.03
50-Day Range
$6.59
MA: $6.97
$7.86
52-Week Range
$5.60
Now: $7.00
$12.32
Volume8.55 million shs
Average Volume4.71 million shs
Market Capitalization$2.63 billion
P/E Ratio5.60
Dividend Yield1.75%
Beta1.37
SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.9Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.31 out of 5 stars


Industry, Sector and Symbol

Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
Current SymbolNASDAQ:SLM
CUSIP78442P10
Phone302-451-0200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.38 billion
Cash Flow$1.48 per share
Book Value$4.31 per share

Profitability

Net Income$578.28 million

Miscellaneous

Employees1,900
Market Cap$2.63 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$7.00
+0.13 (+1.89 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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SLM (NASDAQ:SLM) Frequently Asked Questions

How has SLM's stock been impacted by COVID-19 (Coronavirus)?

SLM's stock was trading at $8.95 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SLM shares have decreased by 21.8% and is now trading at $7.00.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of SLM?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for SLM
.

When is SLM's next earnings date?

SLM is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for SLM
.

How were SLM's earnings last quarter?

SLM Corp (NASDAQ:SLM) posted its quarterly earnings data on Wednesday, July, 22nd. The credit services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.06 by $0.28. The credit services provider had revenue of $348.78 million for the quarter, compared to analyst estimates of $351.93 million. SLM had a net margin of 21.15% and a return on equity of 23.16%.
View SLM's earnings history
.

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

SLM declared a quarterly dividend on Thursday, June 18th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.03 per share on Tuesday, September 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 3rd.
View SLM's dividend history
.

What price target have analysts set for SLM?

6 brokers have issued 1-year price objectives for SLM's stock. Their forecasts range from $7.50 to $14.00. On average, they expect SLM's stock price to reach $11.10 in the next twelve months. This suggests a possible upside of 58.6% from the stock's current price.
View analysts' price targets for SLM
.

Has SLM been receiving favorable news coverage?

News articles about SLM stock have trended very positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. SLM earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave headlines about the credit services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about SLM
.

Are investors shorting SLM?

SLM saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 38,380,000 shares, a decrease of 7.6% from the June 15th total of 41,530,000 shares. Based on an average daily trading volume, of 4,750,000 shares, the short-interest ratio is presently 8.1 days. Currently, 10.3% of the shares of the company are sold short.
View SLM's Short Interest
.

Who are some of SLM's key competitors?

What other stocks do shareholders of SLM own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SLM investors own include CA (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 Express (EXPR).

Who are SLM's key executives?

SLM's management team includes the following people:
  • Mr. Raymond J. Quinlan, Exec. Chairman & CEO (Age 67)
  • Mr. Steven J. McGarry, Exec. VP & CFO (Age 61)
  • Mr. Paul F. Thome, Exec. VP & Chief Admin. Officer (Age 68)
  • Mr. Nicolas Jafarieh, Sr. VP & Gen. Counsel (Age 44)
  • Mr. Jeffrey F. Dale, Chief Risk Officer & Sr. VP (Age 57)

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 Wedge Capital Management L L P NC (1.71%), Jennison Associates LLC (1.62%), Victory Capital Management Inc. (1.52%), Russell Investments Group Ltd. (0.58%), Hahn Capital Management LLC (0.53%) and Calamos Advisors LLC (0.33%). Company insiders that own SLM stock include Earl A Goode, Jed H Pitcher, Jonathan Boyles and Paul F Thome.
View institutional ownership trends for SLM
.

Which major investors are selling SLM stock?

SLM stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, First Trust Advisors LP, Mackay Shields LLC, Principal Financial Group Inc., New York State Common Retirement Fund, New York State Teachers Retirement System, State Board of Administration of Florida Retirement System, and Texas Permanent School Fund.
View insider buying and selling activity for SLM
.

Which major investors are buying SLM stock?

SLM stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Wedge Capital Management L L P NC, Calamos Advisors LLC, MERIAN GLOBAL INVESTORS UK Ltd, Russell Investments Group Ltd., Hahn Capital Management LLC, Assenagon Asset Management S.A., and Jennison Associates LLC.
View insider buying and selling activity for SLM
.

How do I buy shares of SLM?

Shares of SLM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is SLM's stock price today?

One share of SLM stock can currently be purchased for approximately $7.00.

How big of a company is SLM?

SLM has a market capitalization of $2.63 billion and generates $2.38 billion in revenue each year. The credit services provider earns $578.28 million in net income (profit) each year or $1.27 on an earnings per share basis. SLM employs 1,900 workers across the globe.

What is SLM's official website?

The official website for SLM is www.salliemae.com.

How can I contact SLM?

SLM's mailing address is 300 CONTINENTAL DRIVE, NEWARK DE, 19713. The credit services provider can be reached via phone at 302-451-0200 or via email at [email protected]

This page was last updated on 8/8/2020 by MarketBeat.com Staff

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