How to Buy Slm Stock
Slm Corp
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.
Slm stock last closed at $21.93, up 2.86% from the previous day, and has increased 50.21% in one year. It has overperformed other stocks in the Credit Services industry by 0.32 percentage points. Slm stock is currently +78.87% from its 52-week low of $12.26, and -0.27% from its 52-week high of $21.99.
As of Apr 23, 2024, there are 220.35M shares of SLM outstanding. The market cap of SLM is $4.83B. In the last 24 hours, 1.56M SLM shares were traded.
How to Buy Slm Stock
Wondering how to invest in Slm stock? Here's how.
- Choose where to buy Slm stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Slm stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Select your payment method and add your information.
- Evaluate Slm stock: The Slm ticker symbol is SLM. Is Slm stock a good investment? Should you buy shares of SLM? How do SLM's underlying business fundamentals look? Do top analysts think Slm is a good buy? Why has SLM's stock price moved recently? (Hint: Our stock research website can help you evaluate if SLM is a good stock to buy).
- Place your SLM trade: Decide if you will purchase SLM shares at the current market price or use a limit order to purchase SLM stock at a particular price.
- Monitor your SLM position: Create a watchlist to get live updates on your position in Slm shares.
Step 1: Choose where to buy Slm stock
You need an online brokerage account in order to access the NASDAQ market and buy SLM stock.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world markets: From Technology to Energy, New York to Tokyo — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you can buy SLM today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new brokerage account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on app for stock market, you can securely and quickly fund your account:
Check out the tutorial below if you need help depositing money into your brokerage account.
Step 4: Evaluate Slm stock
After you have chosen the best place to buy Slm stock, it's critical to analyze their stock prior to investing, so you can comprehend the risk as well as the opportunity.
Slm Metrics
Fundamentals of SLM
WallStreetZen was created to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on SLM's stock page.
Is SLM stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge SLM's true value.
Using relative valuations ratios:
- SLM may be undervalued based on its P/E ratio of 8.99x, relative to Credit Services industry P/E ratio of 28.54x
- SLM may be undervalued based on its P/B ratio of 2.57x, relative to Credit Services industry P/B ratio of 4.92x
- SLM could be undervalued based on its PEG ratio of 0.36x
You can access additional valuation research on SLM's stock here.
SLM Financial Overview
Failed Financial Due Diligence Checks:
- SLM profit margin has gone down from 38.7% to 38.5% in the past year.
- SLM has a relatively high debt to equity ratio of 14.51.
- Total SLM debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Slm stock, according to analysts?
Out of 9 Equities analysts who monitor SLM, the consensus analyst rating on SLM is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent SLM Analyst Forecasts
Vincent Caintic, a bottom 7% analyst from Stephens & Co. maintains SLM with a hold rating and raises their SLM price target from $16.00 to $18.00, on Dec 13, 2023.
David Chiaverini, a top 35% analyst from Wedbush maintains SLM with a buy rating and raises their SLM price target from $18.00 to $21.00, on Dec 13, 2023.
Moshe Orenbuch, a top 42% analyst from TD Cowen initiates coverage on SLM with a buy rating and announces their SLM price target of $17.50, on Nov 1, 2023.
Jeffery Harte, a top 12% analyst from Morgan Stanley maintains SLM with a strong buy rating and lowers their SLM price target from $17.00 to $16.00, on Oct 27, 2023.
You can dive deeper into what analysts are forecasting on the Slm stock forecast page.
SLM Momentum
SLM Performance Numbers
Last year, SLM earnings were $563.69M. In the past 5 year, SLM's earnings have gone up by 17.7% per year. This was faster than the Credit Services industry average of 12.11%.
Last year, SLM revenue was $1.46B. Over the last five year, SLM's revenue has increased by 5.57% per year. This was slower than the Credit Services industry average of 9.59%.
Dig into SLM's earnings and revenue performance here.
Latest Insiders Trades at SLM
Over the past year, insiders at SLM have sold more shares than they have bought.
Jonathan Boyles, SVP Controller of SLM, was the latest SLM insider to sell. They sold $1,949,013.93 worth of SLM stock on Feb 29, 2024.
Research more about who owns SLM shares here.
Does SLM stock generate passive income?
Slm pays a dividend of 2.01%, compared to the Credit Services industry's average dividend yield of 3.99%. If you owned $1,000 of SLM stock, you would have been paid $20.06 last year.
Slm dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Slm dividend yield and history here.
SLM Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your SLM trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.
Hit the Open button and eToro will execute the order.
If you require more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Monitor your SLM position
Now that you own some shares in SLM, you'll want to keep up with your investment.
Start a watchlist to keep tabs on your SLM stock.
SLM Feed
How to Buy Stock in Slm
To summarize, here are the 6 steps to buy Slm stock:
- Choose where to buy Slm stock
- Create a brokerage account
- Fund your brokerage account
- Evaluate Slm stock
- Place your SLM trade
- Monitor your SLM position
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest news on your investment in Slm, create a watchlist today.
Other Stock Buying Guides You Might Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.