SLM CorpSLM
SLM
About: SLM Corp is the largest student lender in the country. It makes and holds student loans through the guaranteed Federal Family Education Loan Program as well as through private channels. It also engages in debt-management operations, including accounts receivable and collections services, and runs college savings programs.
Employees: 1,740
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
446% more call options, than puts
Call options by funds: $13M | Put options by funds: $2.38M
68% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 31
7% more funds holding
Funds holding: 294 [Q2] → 315 (+21) [Q3]
3% more capital invested
Capital invested by funds: $4.49B [Q2] → $4.62B (+$129M) [Q3]
5.36% less ownership
Funds ownership: 98.38% [Q2] → 93.01% (-5.36%) [Q3]
19% less repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 116
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$26
6%
downside
Avg. target
$28
0%
upside
High target
$32
15%
upside
7 analyst ratings
5 positive
71%
2 neutral
29%
0 negative
0%
Morgan Stanley Jeffery Harte 0% 1-year accuracy 0 / 1 met price target | 15%upside $32 | Overweight Maintained | 19 Dec 2024 |
JP Morgan Richard Shane 61% 1-year accuracy 36 / 59 met price target | 3%downside $27 | Neutral Maintained | 9 Dec 2024 |
Keefe, Bruyette & Woods Sanjay Sakhrani 55% 1-year accuracy 18 / 33 met price target | 8%upside $30 | Market Perform Downgraded | 9 Dec 2024 |
RBC Capital Jon Arfstrom 89% 1-year accuracy 47 / 53 met price target | 6%downside $26 | Outperform Reiterated | 24 Oct 2024 |
Wedbush David Chiaverini 82% 1-year accuracy 40 / 49 met price target | 6%downside $26 | Outperform Reiterated | 24 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
1 month ago
Sallie Mae Provides Tips and Tools to Help Students and Families Access Scholarships This National Scholarship Month
NEWARK, Del.--(BUSINESS WIRE)--November is National Scholarship Month, an ideal time for students and families to explore scholarship opportunities. The key is knowing where to find them, and when, and how to apply. While research from Sallie Mae and Ipsos confirms 64% of families used scholarships to pay for higher education, millions of dollars in scholarships go unclaimed every year. In addition, misconceptions about scholarships persist. More than half (52%) of families believe scholarships.
Neutral
Business Wire
1 month ago
Sallie Mae Commemorates Veterans Day With $50,000 Grant to Folds Of Honor
NEWARK, Del.--(BUSINESS WIRE)--In honor of Veterans Day, The Sallie Mae Fund today announced a $50,000 grant to Folds of Honor, reinforcing its commitment to military servicemembers and their families. The grant will specifically support scholarships for the children and families of fallen and disabled military servicemembers. “Sallie Mae's continued support of our scholarship program provides a pathway to higher education for servicemembers' families, helping them build the kind of futures the.
Neutral
Business Wire
1 month ago
Sallie Mae Awards $400,000 in Scholarships to Support Access to Higher Education
NEWARK, Del.--(BUSINESS WIRE)--In celebration of National Scholarship Month, Sallie Mae today announced the newest recipients of its Bridging the Dream Scholarship. This year, 40 outstanding high school students from across the country, who excelled both inside and outside the classroom—and demonstrated financial need—were awarded a $10,000 scholarship from The Sallie Mae Fund, in partnership with Thurgood Marshall College Fund. Thirty of this year's recipients are attending Historically Black.
Negative
Zacks Investment Research
1 month ago
Sallie Mae Q3 Loss Widens on Lower NII & Higher Expenses, Stock Dips
SLM's third-quarter 2024 results reflect a decline in NII and a rise in expenses. Higher loan originations and lower provisions are positives.
Neutral
Seeking Alpha
1 month ago
SLM Corporation (SLM) Q3 2024 Earnings Call Transcript
SLM Corporation (NASDAQ:SLM ) Q3 2024 Earnings Conference Call October 23, 2024 5:30 PM ET Company Participants Melissa Bronaugh - VP & Head, Investor Relations Jon Witter - CEO & Director Pete Graham - EVP & CFO Conference Call Participants Terry Ma - Barclays Sanjay Sakhrani - KBW Mark DeVries - Deutsche Bank Nate Richam - Bank of America Merrill Lynch Rick Shane - JPMorgan Jeff Adelson - Morgan Stanley Jon Arfstrom - RBC Capital Markets John Hecht - Jefferies Operator Welcome to the Sallie Mae Third Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Melissa Bronaugh, Head of Investor Relations.
Neutral
Zacks Investment Research
1 month ago
Sallie Mae (SLM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Sallie Mae (SLM) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
1 month ago
Sallie Mae (SLM) Reports Q3 Loss, Misses Revenue Estimates
Sallie Mae (SLM) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of $0.07. This compares to earnings of $0.11 per share a year ago.
Neutral
Business Wire
1 month ago
Sallie Mae Reports Third-Quarter 2024 Financial Results and Increases Dividend on Common Stock for Fourth-Quarter 2024
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released third-quarter 2024 financial results. Complete financial results and related materials are available at www.SallieMae.com/investors. The materials will also be available on the Securities and Exchange Commission's website at www.sec.gov. Sallie Mae also announced an increase to its 2024 fourth-quarter dividend on its common stock from $0.11 to $0.13 per share. Sallie Mae further announced a 2024 fo.
Positive
Zacks Investment Research
2 months ago
Sallie Mae (SLM) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Besides Wall Street's top -and-bottom-line estimates for Sallie Mae (SLM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Negative
Zacks Investment Research
2 months ago
Earnings Preview: Sallie Mae (SLM) Q3 Earnings Expected to Decline
Sallie Mae (SLM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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