5 Best Undervalued Stocks to Buy Now

3. SLM Corporation (NYSE: SLM)

Number of Hedge Fund Holders: 19

PE Ratio: 6.2

SLM Corporation (NYSE: SLM) is a Delaware-based banking company. It was founded in 1972 and is ranked third on our list of 10 best undervalued stocks to buy now. Some of the services the firm offers include education loans, retail deposit accounts, money market deposit accounts, and high-yield savings accounts, among others. The company was named as New BLC Corporation but changed its name in December 2013. 

On April 20, SLM Corporation (NYSE: SLM) released quarterly results stating that it had generated net interest income of $331 million and given out more than $3 billion in private education loans in the first three months of 2021. The firm also posted an earnings-per-share value of $1.77, beating estimates by a healthy $0.72. 

Out of the hedge funds being tracked by Insider Monkey, California-based investment firm ValueAct Capital is a leading shareholder in the firm with 32.2 million shares worth more than $400 billion.