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SLM SLM

Sallie Mae believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, the company provides financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen.

Company profile

Ticker
SLM, SLMBP, SLMAF
Exchange
CEO
Jonathan Witter
Employees
Incorporated
Location
Fiscal year end
Former names
SLM HOLDING CORP, USA EDUCATION INC
SEC CIK
IRS number
522013874

SLM stock data

(
)

Calendar

21 Apr 21
24 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from SLM earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.37B 6.37B 6.37B 6.37B 6.37B 6.37B
Cash burn (monthly) (positive/no burn) 92.55M (positive/no burn) (positive/no burn) (positive/no burn) 23.44M
Cash used (since last report) n/a 257.87M n/a n/a n/a 65.32M
Cash remaining n/a 6.11B n/a n/a n/a 6.31B
Runway (months of cash) n/a 66.1 n/a n/a n/a 269.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Jun 21 Shiebler William N Common Stock Grant Aquire A No No 0 4,918 0 72,452
8 Jun 21 Ted Manvitz Common Stock Grant Aquire A No No 0 4,918 0 4,918
8 Jun 21 Lavelle Mark L Common Stock Grant Aquire A No No 0 4,918 0 28,984
8 Jun 21 Puleo Frank C Common Stock Grant Aquire A No No 0 4,918 0 161,598
8 Jun 21 Wolberg Kirsten O. Common Stock Grant Aquire A No No 0 4,918 0 44,482.19

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 320 284 +12.7%
Opened positions 72 49 +46.9%
Closed positions 36 30 +20.0%
Increased positions 87 79 +10.1%
Reduced positions 108 110 -1.8%
13F shares
Current Prev Q Change
Total value 5.81B 22.56B -74.2%
Total shares 323.26M 372.76M -13.3%
Total puts 912.4K 643K +41.9%
Total calls 1.86M 1.13M +64.2%
Total put/call ratio 0.5 0.6 -13.6%
Largest owners
Shares Value Change
Vanguard 36.55M $656.86M +5.3%
BLK Blackrock 30.34M $545.17M -3.7%
ValueAct 26.29M $472.51M -18.6%
Boston Partners 16.09M $290.2M +3.5%
FMR 13.61M $244.54M -17.6%
Massachusetts Financial Services 13.14M $236.18M +6.5%
Ubs Global Asset Management Americas 10.26M $184.4M -8.3%
Barrow Hanley Mewhinney & Strauss 9.21M $165.46M -3.4%
STT State Street 8.05M $144.65M -11.2%
Impactive Capital 7.22M $129.74M +3.2%
Largest transactions
Shares Bought/sold Change
JPM JPMorgan Chase & Co. 853.47K -12.25M -93.5%
Goldentree Asset Management 2.8M -8.67M -75.6%
Ci Investments 5.53M -7.97M -59.0%
Wellington Management 625.74K -6.81M -91.6%
Fir Tree Capital Management 452.55K -6.37M -93.4%
ValueAct 26.29M -6M -18.6%
Norges Bank 0 -4.4M EXIT
CS Credit Suisse 3.5M -3.88M -52.6%
Citadel Advisors 139.72K -3.49M -96.2%
Laurion Capital Management 3.35M +3.35M NEW

Financial report summary

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Competition
Sigma Labs
Risks
  • The pandemic caused by a novel coronavirus, or COVID-19 (“COVID-19 pandemic”), and resulting adverse economic conditions have adversely impacted our business and results and, in the future, could have a more material adverse impact on our business, results of operations, financial condition, and/or cash flows. Any future pandemics could subject our business to the same or greater risks than the COVID-19 pandemic.
  • Our product offerings are primarily concentrated in loan products for higher education and deposit products for online depositors. Such concentrations and the competitive environment for those products subject us to risks that could adversely affect our financial position.
  • Consolidation or refinancing of existing Private Education Loans could have a material adverse effect on our business, financial condition, results of operations and/or cash flows.
  • Defaults on our loans, particularly Private Education Loans, could adversely affect our business, financial position, results of operations, and/or cash flows.
  • Our allowance for credit losses may not be adequate to cover actual losses, and we may be required to materially increase our allowance, which may adversely affect our capital, financial condition, and/or results of operations.
  • Our ability to achieve our business goals will be heavily reliant on our ability to obtain deposits, obtain financing through asset-backed securitizations, and, for at least the next few years, sell loans at attractive prices to help fund any share repurchase programs that may be authorized from time to time. An inability to effectively manage our liquidity could negatively impact our ability to fund our business obligations and opportunities, which could lead to regulatory scrutiny and could have a material adverse effect on our business, financial condition, results of operations, and/or cash flows.
  • In structuring and facilitating securitizations or sales of Private Education Loans, administering securitization trusts, or servicing loans we have securitized or sold, we may incur liabilities to transaction parties.
  • The interest rate and maturity characteristics of our earning assets do not fully match the interest rate and maturity characteristics of our funding arrangements, which may negatively impact the level of our net interest income. We are also subject to repayment and prepayment risks, which can increase uncertainty as we manage our interest rate risk and can adversely affect our business, financial condition, results of operations, and/or cash flows.
  • Our use of derivatives to manage interest rate sensitivity exposes us to credit and market risk that could have a material adverse effect on our earnings.
  • Failure to comply with consumer protection, privacy, or cybersecurity laws and requirements could subject us to civil and criminal penalties or litigation, including class actions, and have a material adverse effect on our business.
  • Proposals of federal and state governments, or of various political candidates, affecting the student loan industry in particular, such as proposals for new federal education spending designed to make higher education “free” or substantially so regardless of financial need, or to create new federally funded programs to refinance private student loans, subject us to political risk and could have a material adverse impact on our business, results of operations, financial condition, and/or cash flows.
  • We are subject to reputational risk, which could damage our brand and have a material adverse impact on our business, results of operations, financial condition, and/or cash flows.
  • Failure of our operating systems or infrastructure or the inability to adapt to changes could disrupt our business, cause significant losses, result in regulatory action, or damage our reputation.
  • Our business processes are becoming increasingly dependent upon technological advancement, and we could lose market share if we are not able to keep pace with rapid changes in technology.
  • We depend on secure information technology and a breach of those systems or those of third-party vendors could result in significant losses, unauthorized disclosure of confidential customer information and reputational damage, which could materially adversely affect our business, financial condition and/or results of operations and could lead to significant financial and legal exposure.
  • We depend significantly on third-parties for a wide array of our operations and customer services and key components of our information technology infrastructure, and a breach of security or service levels, or violation of law by one of these third-parties, could disrupt our business or provide our competitors with an opportunity to enhance their position at our expense.
  • We primarily rely upon Amazon Web Services to deliver our offerings to users on our platform, and any disruption of or interference with our use of Amazon Web Services could adversely impact our business and operations.
  • We may face risks from our operations related to litigation or regulatory actions that could result in significant legal expenses and settlement or damage awards.
  • Our framework for managing risks, including model risk and data governance risk, may not be effective in mitigating our risk of loss.
  • Our internal controls over financial reporting and disclosure controls may be ineffective.
  • Because of Navient’s indemnification obligations, we have significant exposures to risks related to its creditworthiness. If we are unable to obtain indemnification payments from Navient, we could experience higher than expected costs and operating expenses and our results of operations, cash flows and/or financial condition could be materially and adversely affected.
  • The holders of our preferred stock have rights that are senior to those of our common shareholders.
  • We may be limited in our ability to pay dividends on, and repurchase, our common stock.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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