NASDAQ:SLMSLM Stock Price, Forecast & News

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. Since then, SLM stock has decreased by 18.1% and is now trading at $7.33.
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.

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

SLM Corp (NASDAQ:SLM) announced its quarterly earnings results on Wednesday, July, 22nd. The credit services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.28. The credit services provider earned $348.78 million during the quarter, compared to analysts' expectations of $351.93 million. SLM had a return on equity of 23.16% and a net margin of 21.15%.
View SLM's earnings history.

SLM announced a quarterly dividend on Thursday, June 18th. Investors 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 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, September 3rd.
View SLM's dividend history.

6 brokerages have issued 1-year price objectives for SLM's shares. Their forecasts range from $7.50 to $14.00. On average, they expect SLM's stock price to reach $11.10 in the next year. This suggests a possible upside of 51.4% from the stock's current price.
View analysts' price targets for SLM.

News stories about SLM stock have trended extremely negative on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SLM earned a media sentiment score of -4.1 on InfoTrie's scale. They also gave news coverage about the credit services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.
View the latest news about SLM.

SLM saw a increase in short interest in February. As of February 15th, there was short interest totaling 11,290,000 shares, an increase of 27.0% from the January 31st total of 8,890,000 shares. Based on an average daily trading volume, of 4,250,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.7% of the shares of the company 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), Nelnet (NNI), FirstCash (FCFS), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Nicholas Financial (NICK) and Asta Funding (ASFI).
View all competitors.

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 Apollo Commercial Real Est. Finance (ARI).

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

SLM's stock is owned by many different retail and institutional 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%), Bank of New York Mellon Corp (1.31%), Russell Investments Group Ltd. (0.58%) and Hahn Capital Management LLC (0.53%). 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 UBS Group AG, First Trust Advisors LP, Mackay Shields LLC, Bank of New York Mellon Corp, Natixis Advisors L.P., Principal Financial Group Inc., New York State Common Retirement Fund, and American International Group Inc..
View insider buying and selling activity for SLM.

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.

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 $7.33.

SLM has a market capitalization of $2.75 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]