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NASDAQ:SLM - SLM Stock Price, Forecast & News

$7.34
-0.41 (-5.29 %)
(As of 03/30/2020 06:18 AM ET)
Today's Range
$7.11
Now: $7.34
$7.59
50-Day Range
$6.45
MA: $9.93
$12.28
52-Week Range
$5.60
Now: $7.34
$12.32
Volume4.07 million shs
Average Volume6.66 million shs
Market Capitalization$3.10 billion
P/E Ratio5.65
Dividend Yield1.55%
Beta1.3
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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SLM logo

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$1.37 per share
Book Value$6.90 per share

Profitability

Net Income$578.28 million

Miscellaneous

Employees1,900
Market Cap$3.10 billion
Next Earnings Date4/15/2020 (Estimated)
OptionableOptionable

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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 (WHO). Since then, SLM stock has decreased by 18.0% and is now trading at $7.34. View which stocks have been mosted 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 2 hold ratings and 4 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, April 15th 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, January, 22nd. The credit services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The credit services provider earned $419.10 million during the quarter, compared to the consensus estimate of $411.71 million. SLM had a net margin of 24.30% and a return on equity of 20.27%. During the same quarter in the previous year, the business posted $0.31 earnings per share. View SLM's earnings history.

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

SLM announced a quarterly dividend on Thursday, January 30th. Shareholders of record on Friday, March 6th will be given a dividend of $0.03 per share on Monday, March 16th. This represents a $0.12 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, March 5th. View SLM's dividend history.

What guidance has SLM issued on next quarter's earnings?

SLM issued an update on its FY 2020 After-Hours earnings guidance on Wednesday, January, 22nd. The company provided earnings per share guidance of 1.85-1.91 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.32.

What price target have analysts set for SLM?

6 brokers have issued 12 month target prices for SLM's stock. Their forecasts range from $12.00 to $16.00. On average, they expect SLM's stock price to reach $13.90 in the next year. This suggests a possible upside of 89.4% from the stock's current price. View analysts' price targets for SLM.

Has SLM been receiving favorable news coverage?

News coverage about SLM stock has trended somewhat negative this week, according to InfoTrie. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. SLM earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave headlines about the credit services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutSLM.

Are investors shorting SLM?

SLM saw a increase in short interest in March. As of March 13th, there was short interest totaling 53,937,000 shares, an increase of 371.1% from the February 27th total of 11,450,000 shares. Based on an average daily trading volume, of 5,879,600 shares, the short-interest ratio is presently 9.2 days. Currently, 12.9% of the shares of the company are sold short. View SLM's Current Options Chain.

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), Endologix (ELGX), BlackRock (BLK), 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 many different institutional and retail investors. Top institutional shareholders include CI Investments Inc. (5.19%), FMR LLC (4.99%), Boston Partners (4.66%), Barrow Hanley Mewhinney & Strauss LLC (2.68%), Fir Tree Capital Management LP (2.51%) and State Street Corp (2.47%). Company insiders that own SLM stock include Earl A Goode, Frank C Puleo, Jed H Pitcher, Jonathan Boyles, Nicolas Jafarieh, Paul F Thome and Steven Mcgarry. View institutional ownership trends for SLM.

Which institutional investors are selling SLM stock?

SLM stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Goldman Sachs Group Inc., Thrivent Financial for Lutherans, Victory Capital Management Inc., FMR LLC, Mackay Shields LLC, Renaissance Technologies LLC, and Jennison Associates LLC. View insider buying and selling activity for SLM.

Which institutional investors are buying SLM stock?

SLM stock was bought by a variety of institutional investors in the last quarter, including Fir Tree Capital Management LP, Norges Bank, Massachusetts Financial Services Co. MA, Boston Partners, Nuveen Asset Management LLC, CI Investments Inc., Bank of New York Mellon Corp, and First Trust Advisors LP. 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 $7.34.

How big of a company is SLM?

SLM has a market capitalization of $3.10 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. View additional information about SLM.

What is SLM's official website?

The official website for SLM is http://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]


MarketBeat Community Rating for SLM (NASDAQ SLM)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  434 (Vote Outperform)
Underperform Votes:  322 (Vote Underperform)
Total Votes:  756
MarketBeat's community ratings are surveys of what our community members think about SLM and other stocks. Vote "Outperform" if you believe SLM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SLM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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