NASDAQ:SLMSLM Stock Price, Forecast & News

SLM's stock was trading at $8.95 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SLM shares have decreased by 18.3% and is now trading at $7.31. View which stocks have been most impacted by Coronavirus.

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, July 22nd 2020. View our earnings forecast for SLM.

SLM Corp (NASDAQ:SLM) issued its quarterly earnings results on Wednesday, April, 22nd. The credit services provider reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.88 by $0.09. The credit services provider earned $400.12 million during the quarter, compared to analyst estimates of $400.70 million. SLM had a return on equity of 29.22% and a net margin of 29.36%. During the same quarter in the prior year, the company posted $0.34 EPS. View SLM's earnings history.

SLM declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, June 5th will be given a dividend of $0.03 per share on Monday, June 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, June 4th. View SLM's dividend history.

6 brokerages have issued 1-year price targets for SLM's shares. Their forecasts range from $9.00 to $14.00. On average, they expect SLM's stock price to reach $12.00 in the next year. This suggests a possible upside of 64.2% from the stock's current price. View analysts' price targets for SLM.

Headlines about SLM stock have trended very positive on Monday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. SLM earned a daily sentiment score of 4.0 on InfoTrie's scale. They also gave news headlines about the credit services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutSLM.

SLM saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 43,360,000 shares, a decline of 8.1% from the March 31st total of 47,200,000 shares. Based on an average trading volume of 5,390,200 shares, the days-to-cover ratio is presently 8.0 days. Currently, 11.7% of the company's shares 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), Green Dot (GDOT), Nelnet (NNI), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Asta Funding (ASFI) and Nicholas Financial (NICK). 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 Express (EXPR).

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

SLM's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.74%), ValueAct Holdings L.P. (8.61%), Wellington Management Group LLP (3.33%), State Street Corp (2.82%), Massachusetts Financial Services Co. MA (2.23%) and Jennison Associates LLC (1.52%). Company insiders that own SLM stock include Earl A Goode, Jed H Pitcher, Jonathan Boyles, 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 ValueAct Holdings L.P., BlackRock Inc., Bayview Asset Management LLC, Ceredex Value Advisors LLC, Jennison Associates LLC, Nuveen Asset Management LLC, Wellington Management Group LLP, and Victory Capital Management Inc.. View insider buying and selling activity for SLM.

SLM stock was bought by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Philadelphia Financial Management of San Francisco LLC, Wedge Capital Management L L P NC, Deutsche Bank AG, Invesco Ltd., Portolan Capital Management LLC, Aperio Group LLC, and BNP Paribas Arbitrage SA. 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 $7.31.

SLM has a market capitalization of $2.74 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]