SLM Stock Forecast, Price & 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 increased by 28.5% and is now trading at $11.50.
View which stocks have been most impacted by COVID-19.

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 or view MarketBeat's top 5 stock picks.

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SLM is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for SLM.

SLM Co. (NASDAQ:SLM) issued its quarterly earnings data on Wednesday, October, 21st. The credit services provider reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.33. The credit services provider earned $364.57 million during the quarter, compared to the consensus estimate of $359.42 million. SLM had a return on equity of 23.16% and a net margin of 21.15%. During the same quarter in the previous year, the company posted $0.29 EPS.
View SLM's earnings history.

SLM declared a quarterly dividend on Thursday, November 19th. Shareholders of record on Friday, December 4th will be given a dividend of $0.03 per share on Tuesday, December 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, December 3rd.
View SLM's dividend history.

6 brokerages have issued 12-month price targets for SLM's shares. Their forecasts range from $9.00 to $14.00. On average, they anticipate SLM's share price to reach $11.40 in the next year. This suggests that the stock has a possible downside of 0.9%.
View analysts' price targets for SLM.

SLM saw a drop in short interest in November. As of November 15th, there was short interest totaling 8,510,000 shares, a drop of 31.7% from the October 31st total of 12,460,000 shares. Based on an average trading volume of 4,240,000 shares, the short-interest ratio is currently 2.0 days. Currently, 2.3% of the company's shares are sold short.
View SLM's Short Interest.

Some companies that are related to SLM include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), Credit Acceptance (CACC), Green Dot (GDOT), FirstCash (FCFS), Nelnet (NNI), PRA Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), Regional Management (RM), EZCORP (EZPW) and Nicholas Financial (NICK).
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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 Co. (ATH.TO) (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Transocean (RIG), Gran Tierra Energy Inc. (GTE.TO) (GTE) and Apollo Commercial Real Estate Finance (ARI).

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

SLM's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.27%), CI Investments Inc. (5.22%), Boston Partners (4.26%), Massachusetts Financial Services Co. MA (2.69%), State Street Corp (2.38%) and HG Vora Capital Management LLC (1.73%). 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.

SLM stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, BlackRock Inc., Public Employees Retirement System of Ohio, CI Investments Inc., Charles Schwab Investment Management Inc., Cubist Systematic Strategies LLC, Jennison Associates LLC, and Hahn Capital Management LLC. Company insiders that have sold SLM company stock in the last year include Earl A Goode, and Paul F Thome.
View insider buying and selling activity for SLM.

SLM stock was acquired by a variety of institutional investors in the last quarter, including HG Vora Capital Management LLC, UBS Asset Management Americas Inc., JPMorgan Chase & Co., Massachusetts Financial Services Co. MA, Arrowstreet Capital Limited Partnership, AQR Capital Management LLC, Teachers Retirement System of The State of Kentucky, and Mackay Shields LLC.
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 $11.50.

SLM has a market capitalization of $4.32 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.

The official website for SLM is 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]