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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NASDAQ:SLM

SLM Stock Forecast, Price & News

$15.79
+0.79 (+5.27 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$15.55
Now: $15.79
$16.14
50-Day Range
$12.22
MA: $14.25
$15.34
52-Week Range
$5.60
Now: $15.79
$16.14
Volume9.22 million shs
Average Volume6.12 million shs
Market Capitalization$5.93 billion
P/E Ratio11.20
Dividend Yield0.76%
Beta1.4
SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. 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. It has a strategic partnership with EVERFI, Inc. to deliver a specialized financial literacy curriculum to California high schools. 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.
SLM logo

Headlines

Why Is Sallie Mae (SLM) Up 7.7% Since Last Earnings Report?
February 26, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
Current SymbolNASDAQ:SLM
CUSIP78442P10
Phone302-451-0200
Employees1,900
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.38 billion
Cash Flow$1.70 per share
Book Value$6.90 per share

Profitability

Net Income$578.28 million

Miscellaneous

Market Cap$5.93 billion
Next Earnings Date4/28/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.36 out of 5 stars

Finance Sector

60th out of 1,944 stocks

Personal Credit Institutions Industry

2nd out of 16 stocks

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
$15.79
+0.79 (+5.27 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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SLM (NASDAQ:SLM) Frequently Asked Questions

Is SLM a buy right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SLM in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SLM stock.
View analyst ratings for SLM
or view top-rated stocks.

What stocks does MarketBeat like better than SLM?

Wall Street analysts have given SLM a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but SLM wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting SLM?

SLM saw a increase in short interest in the month of January. As of January 29th, there was short interest totaling 19,050,000 shares, an increase of 41.4% from the January 14th total of 13,470,000 shares. Based on an average daily volume of 4,530,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 5.1% of the shares of the company are sold short.
View SLM's Short Interest
.

When is SLM's next earnings date?

SLM is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for SLM
.

How were SLM's earnings last quarter?

SLM Co. (NASDAQ:SLM) posted its quarterly earnings data on Tuesday, January, 26th. The credit services provider reported $1.15 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.35 by $0.80. The credit services provider earned $366.54 million during the quarter, compared to the consensus estimate of $370.89 million. SLM had a net margin of 23.87% and a trailing twelve-month return on equity of 28.69%. During the same quarter in the prior year, the company earned $0.33 earnings per share.
View SLM's earnings history
.

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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SLM stock has increased by 76.4% and is now trading at $15.79.
View which stocks have been most impacted by COVID-19
.

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

SLM announced a quarterly dividend on Tuesday, January 26th. Shareholders of record on Friday, March 5th will be paid a dividend of $0.03 per share on Monday, March 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, March 4th.
View SLM's dividend history
.

Is SLM a good dividend stock?

SLM pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.76%. SLM does not yet have a strock track record of dividend growth. The dividend payout ratio of SLM is 9.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 8.05% next year. This indicates that SLM will be able to sustain or increase its dividend.
View SLM's dividend history.

How will SLM's stock buyback program work?

SLM declared that its board has initiated a share buyback plan on Wednesday, January 27th 2021, which authorizes the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 23.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

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

SLM issued an update on its FY 2021 After-Hours earnings guidance on Wednesday, January, 27th. The company provided earnings per share (EPS) guidance of 2.20-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.62.

What price target have analysts set for SLM?

6 analysts have issued 12 month price objectives for SLM's shares. Their forecasts range from $9.00 to $20.00. On average, they expect SLM's share price to reach $16.42 in the next year. This suggests a possible upside of 4.0% from the stock's current price.
View analysts' price targets for SLM
or view top-rated stocks among Wall Street analysts.

Who are SLM's key executives?

SLM's management team includes the following people:
  • Mr. Steven J. McGarry, Exec. VP & CFO (Age 63, Pay $1.28M)
  • Mr. Nicolas Jafarieh, Sr. VP & Chief Legal, Gov. Affairs & Communications Officer (Age 46, Pay $856.3k)
  • Mr. Paul F. Thome CPA, Consultant (Age 70, Pay $1.04M)
  • Ms. Donna F. Vieira, Exec. VP & Chief Commercial Officer (Age 55, Pay $1.67M)
  • Mr. Jonathan W. Witter, CEO & Director (Age 51)
  • Mr. Daniel P. Kennedy, Sr. VP & COO (Age 53)
  • Mr. Brian Cronin, VP & Head of Investor Relations
  • Ms. Kerrie A. Palmer, Chief Risk & Compliance Officer
  • Ms. Martha Holler, Sr. VP of Corp. Marketing & Communications
  • Mr. Tim Morrison, Sr. VP of Gov. Relations

What is Jonathan Witter's approval rating as SLM's CEO?

12 employees have rated SLM CEO Jonathan Witter on Glassdoor.com. Jonathan Witter has an approval rating of 70% among SLM's employees.

Who are some of SLM's key competitors?

What other stocks do shareholders of SLM own?

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.40%), Boston Partners (4.14%), CI Investments Inc. (3.60%), JPMorgan Chase & Co. (3.49%), Barrow Hanley Mewhinney & Strauss LLC (2.54%) and Price T Rowe Associates Inc. MD (1.94%). Company insiders that own SLM stock include Earl A Goode, Jed H Pitcher, Jonathan Boyles, Mary Carter Warren Franke 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 CI Investments Inc., Renaissance Technologies LLC, Wedge Capital Management L L P NC, Barrow Hanley Mewhinney & Strauss LLC, Price T Rowe Associates Inc. MD, Russell Investments Group Ltd., Bayview Asset Management LLC, and Barclays PLC.
View insider buying and selling activity for SLM
or view top insider-selling stocks.

Which major investors are buying SLM stock?

SLM stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Principal Financial Group Inc., Impactive Capital LP, Morgan Stanley, SummerHaven Investment Management LLC, Canada Pension Plan Investment Board, BlackRock Inc., and Caas Capital Management LP.
View insider buying and selling activity for SLM
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SLM's stock price today?

One share of SLM stock can currently be purchased for approximately $15.79.

How much money does SLM make?

SLM has a market capitalization of $5.93 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.

How many employees does SLM have?

SLM employs 1,900 workers across the globe.

What is SLM's official website?

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

Where are SLM's headquarters?

SLM is headquartered at 300 CONTINENTAL DRIVE, NEWARK DE, 19713.

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 3/1/2021 by MarketBeat.com Staff

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