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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 $20.03, down 2.96% from the previous day, and has increased 19.37% in one year. It has overperformed other stocks in the Credit Services industry by 0.12 percentage points. Slm stock is currently +63.38% from its 52-week low of $12.26, and -11.92% from its 52-week high of $22.74.

As of Jun 14, 2024, there are 220.28M shares of SLM outstanding. The market cap of SLM is $4.41B. In the last 24 hours, 1.21M SLM shares were traded.

How to Buy Slm Stock

Wondering how to invest in Slm stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Fund your brokerage account: Select your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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

SLM Price
$20.03
1w %
-2.63%
1y %
19.37%
5y %
109.52%
P/E
6.18x
P/B
2.09x
P/S
2.6x
PEG
N/A
Revenue
$1.70B
Earnings
$734.51M
Fore. Rev. Growth
-3.27%
Fore. Earn. Growth
-4.38%
Market Cap
$4.41B
Next Earnings
Jun 18, 2024
Next Dividend
Jun 17, 2024

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 6.18x, relative to Credit Services industry P/E ratio of 26.48x
  • SLM may be undervalued based on its P/B ratio of 2.09x, relative to Credit Services industry P/B ratio of 4.77x

You can access additional valuation analysis on SLM's stock here.

SLM Financial Health Overview

Passed Financial Due Diligence Checks:

  • SLM profit margin has gone up from 37.1% to 43.2% in the past year.

Failed Financial Due Diligence Checks:

  • SLM has a relatively high debt to equity ratio of 12.38.
  • 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 7 Wall Street analysts who give forecasts on 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.

Latest SLM Analyst Recommendations

Arren Cyganovich, a top 3% analyst from Citigroup upgrades SLM to a strong buy rating and raises their SLM price target from $14.00 to $23.00, on Jan 16, 2024.

Citigroup's Arren Cyganovich upgraded their rating on Slm (NASDAQ: SLM) from Hold to Strong Buy on 2024/01/16. The analyst also raised their price target by 64.3% from $14 to $23.

Cyganovich cited the following factors for their price target increase on Slm:

  • Anticipation of increased balance sheet growth.
  • More opportunities to increase market share because of a competitor's exit.
  • An expected increase in profit margins as a result of falling interest rates. 

The analyst added that Citigroup expects Slm's multiple to rise in out-years as the company diversifies its revenue streams and stops selling most of its loans.

Mark Devries, a top 20% analyst from Deutsche Bank initiates coverage on SLM with a strong buy rating and announces their SLM price target of $25.00, on Jan 10, 2024.

You can dig deeper into what analysts are saying on the Slm stock forecast page.

Metrics for Advanced SLM Traders

SMA10
20.69
SMA20
20.77
SMA50
21.12
SMA100
20.77
SMA200
18.09
MACD
-0.21
MACD Signal
-0.15
MACD Histogram
-0.06
RSI
39.64
Stochastic %K
46.67
Stochastic %D
48.31
StochRSI %K
37.72
StochRSI %D
34.87

SLM Growth Numbers

Last year, SLM earnings were $734.51M. During the past 5 year, SLM's earnings have grown by 23.23% per year. This was faster than the Credit Services industry average of 11.89%.

Last year, SLM revenue was $1.70B. Over the past five year, SLM's revenue has increased by 7.6% per year. This was slower than the Credit Services industry average of 10.08%.

You can research SLM's earnings and revenue performance here.

Who is buying/selling SLM?

Over the last 12 months, executives and large shareholders at SLM have sold more shares than they have bought.

Robert S. Strong, Director of SLM, was the latest SLM insider to sell. They sold $96,480.00 worth of SLM stock on Jun 3, 2024.

Get more info about who owns SLM stock here.

Can I get consistent income from SLM stock?

Slm pays a dividend of 2.2%, compared to the Credit Services industry's average dividend yield of 4.29%. If you owned $1,000 worth of SLM stock, you would have received $21.97 in the past 12 months.

Slm dividend payments have consistently grown over the past decade and have remained stable.

Get more analysis about Slm dividend yield and history here.

What others are saying about SLM

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Step 5: Place your SLM trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are mostly fine.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a specific dollar amount limit, place a limit order.

Press the Open Trade button and eToro will place your order.

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Step 6: Monitor your SLM position

Now that you own some SLM stock, you'll want to stay up-to-date on your company.

Create a watchlist to see the latest developments about your SLM stock.

SLM Feed

How to Buy Stock in Slm

To reiterate, here are the 6 steps to buy Slm stock:

  1. Choose where to buy Slm stock
  2. Create a brokerage account
  3. Fund your brokerage account
  4. Evaluate Slm stock
  5. Place your SLM trade
  6. Monitor your SLM position

If you are looking for a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to monitor your investment in Slm, add SLM to your watchlist below.

NASDAQ: SLM
$20.03-0.61 (-2.96%)
Updated Jun 14, 2024
Open eToro Account
NASDAQ: SLM
$20.03-0.61 (-2.96%)
Updated Jun 14, 2024
Open eToro Account

FAQ

How much does it cost to buy one Slm share?

As of Jun 14, 2024, it costs $20.03 to buy one share of Slm stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.499 shares of SLM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Slm stock?

According to 7 Wall Street analysts who monitor Slm, their consensus recommendation is to buy Slm stock.

What is the best way to buy Slm stock?

One way to place an order for Slm stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information 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.