NASDAQ:SLM - SLM Stock Price, Forecast & News

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.

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.

SLM is scheduled to release its next quarterly earnings announcement on Wednesday, April 15th 2020. View our earnings forecast for SLM.

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.

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.

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.

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.

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.

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.

Some companies that are related to SLM include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), Credit Acceptance (CACC), FirstCash (FCFS), Nelnet (NNI), Green Dot (GDOT), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Nicholas Financial (NICK) and Asta Funding (ASFI).

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).

SLM trades on the NASDAQ under the ticker symbol "SLM."

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.

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.

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.

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.

One share of SLM stock can currently be purchased for approximately $7.34.

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.

The official website for SLM is http://www.salliemae.com/.

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]