SLM (SLM)
(Delayed Data from NSDQ)
$21.90 USD
-0.03 (-0.14%)
Updated Apr 26, 2024 04:00 PM ET
After-Market: $21.89 -0.01 (-0.05%) 7:58 PM ET
2-Buy of 5 2
B Value F Growth D Momentum D VGM
Company Summary
Based in Newark, DE, Sallie Mae, formally known as SLM Corporation, is a bellwether in education finance in the United States, with market presence for more than 40 years. Following the spin-off into two distinct publicly-traded entities in April 2014, Sallie Mae started operating independently as a consumer-banking-focused company. The loan management, servicing and asset recovery businesses remained with the other public company — Navient Corporation. Sallie Mae is now part of the S&P MidCap 400 Index, owing to its decreased size.
The company is focused on catering to private education loans, ...
Company Summary
Based in Newark, DE, Sallie Mae, formally known as SLM Corporation, is a bellwether in education finance in the United States, with market presence for more than 40 years. Following the spin-off into two distinct publicly-traded entities in April 2014, Sallie Mae started operating independently as a consumer-banking-focused company. The loan management, servicing and asset recovery businesses remained with the other public company — Navient Corporation. Sallie Mae is now part of the S&P MidCap 400 Index, owing to its decreased size.
The company is focused on catering to private education loans, and providing saving and insurance products for higher education to students and families. It also offers a range of deposit products insured by the Federal Deposit Insurance Corporation (“FDIC”).
The company’s Private Education Loans portfolio consists of education loans to students or their families, which are not made, insured or guaranteed by any state or federal.
Sallie Mae’s private student loans are offered to graduate students, under-graduate students and families with K-12 school children. The company is also engaged in servicing private student loans and its portfolio of banking products includes money market, high-yield savings account and certificate of deposits.
Sallie Mae's source of funding for its Private Education Loan originations are term and liquid brokered and retail deposits raised by the company. The company also undertakes additional funding, liquidity and revenues through the sale or securitization of loan assets, which it originates as well as the servicing of the loan assets that are sold to third parties.
In May 2023, Sallie Mae sold its credit card loan portfolio. The transaction incurred a loss of $4 million, recorded in the second quarter of 2023.
To focus on the core business, the company sold its Upromise Inc. subsidiary, which operated a free-to-join reward program, in May 2020.
As of Dec 31, 2023, Sallie Mae had $29.17 billion in total assets, $21.11 billion in Private Education loans, $574.22 million in Federal Family Education Loan Program loans and $21.65 billion in total deposits.
General Information
SLM Corporation
300 CONTINENTAL DRIVE
NEWARK, DE 19713
Phone: 302-451-0200
Fax: 800-848-1949
Email: melissa.bronaugh@salliemae.com
| Industry | Financial - Consumer Loans |
| Sector | Finance |
| Fiscal Year End | December |
| Last Reported Quarter | 3/31/2024 |
| Exp Earnings Date | 7/24/2024 |
EPS Information
| Current Quarter EPS Consensus Estimate | 0.47 |
| Current Year EPS Consensus Estimate | 2.72 |
| Estimated Long-Term EPS Growth Rate | 18.20 |
| Exp Earnings Date | 7/24/2024 |
Price and Volume Information
| Zacks Rank |  |
| Yesterday's Close | 21.93 |
| 52 Week High | 22.37 |
| 52 Week Low | 12.26 |
| Beta | 1.16 |
| 20 Day Moving Average | 1,217,371.00 |
| Target Price Consensus | 23.25 |
| 4 Week | 0.50 |
| 12 Week | 13.41 |
| YTD | 14.54 |
| 4 Week | 3.55 |
| 12 Week | 10.27 |
| YTD | 8.37 |
| Shares Outstanding (millions) | 220.28 |
| Market Capitalization (millions) | 4,824.04 |
| Short Ratio | NA |
| Last Split Date | 6/23/2003 |
| Dividend Yield | 2.01% |
| Annual Dividend | $0.44 |
| Payout Ratio | 0.14 |
| Change in Payout Ratio | 0.05 |
| Last Dividend Payout / Amount | 3/1/2024 / $0.11 |
Fundamental Ratios
| P/E (F1) | 8.05 |
| Trailing 12 Months | 6.84 |
| PEG Ratio | 0.44 |
| vs. Previous Year | 170.21% |
| vs. Previous Quarter | 76.39% |
| vs. Previous Year | 27.06% |
| vs. Previous Quarter | 15.44% |
| Price/Book | 2.59 |
| Price/Cash Flow | 7.18 |
| Price / Sales | 1.61 |
| 3/31/24 | 45.65 |
| 12/31/23 | 36.86 |
| 9/30/23 | 21.83 |
| 3/31/24 | 2.63 |
| 12/31/23 | 2.01 |
| 9/30/23 | 1.17 |
| 3/31/24 | 1.23 |
| 12/31/23 | 1.22 |
| 9/30/23 | 1.23 |
| 3/31/24 | NA |
| 12/31/23 | 1.22 |
| 9/30/23 | 1.23 |
| 3/31/24 | 25.15 |
| 12/31/23 | 20.65 |
| 9/30/23 | 12.76 |
| 3/31/24 | 25.15 |
| 12/31/23 | 20.65 |
| 9/30/23 | 12.76 |
| 3/31/24 | 33.74 |
| 12/31/23 | 27.41 |
| 9/30/23 | 17.34 |
| 3/31/24 | 8.46 |
| 12/31/23 | 7.20 |
| 9/30/23 | 6.84 |
| 3/31/24 | NA |
| 12/31/23 | 123.36 |
| 9/30/23 | 53.07 |
| 3/31/24 | 2.67 |
| 12/31/23 | 3.21 |
| 9/30/23 | 3.56 |
| 3/31/24 | 70.19 |
| 12/31/23 | 73.54 |
| 9/30/23 | 75.40 |