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
Website
CEO
Raymond Quinlan
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
SLM HOLDING CORP, USA EDUCATION INC
SEC CIK
Corporate docs
IRS number
522013874
SLM stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
5 May 23
8-K
Regulation FD Disclosure
5 May 23
ARS
2022 FY
Annual report to shareholders
27 Apr 23
DEFA14A
Additional proxy soliciting materials
27 Apr 23
DEF 14A
Definitive proxy
27 Apr 23
10-Q
2023 Q1
Quarterly report
26 Apr 23
8-K
Sallie Mae Reports First-Quarter 2023 Financial Results
26 Apr 23
8-K
Regulation FD Disclosure
7 Mar 23
8-K
Departure of Directors or Certain Officers
3 Mar 23
10-K
2022 FY
Annual report
23 Feb 23
Transcripts
SLM
Earnings call transcript
2023 Q1
27 Apr 23
SLM
Earnings call transcript
2022 Q4
2 Feb 23
SLM
Earnings call transcript
2022 Q3
27 Oct 22
SLM
Earnings call transcript
2022 Q2
28 Jul 22
SLM
Earnings call transcript
2022 Q1
28 Apr 22
SLM
Earnings call transcript
2021 Q4
27 Jan 22
SLM
Earnings call transcript
2021 Q3
21 Oct 21
SLM
Earnings call transcript
2021 Q2
22 Jul 21
SLM
Earnings call transcript
2021 Q1
22 Apr 21
SLM
Earnings call transcript
2020 Q4
28 Jan 21
Latest ownership filings
4
Jonathan Boyles
7 Jun 23
4
Daniel P Kennedy
7 Jun 23
4
Steven McGarry
7 Jun 23
144
Notice of proposed sale of securities
7 Jun 23
SC 13D/A
Impactive Capital LP
5 Jun 23
144
Notice of proposed sale of securities
5 Jun 23
4
Jonathan W. Witter
24 Apr 23
4
Ted Manvitz
24 Mar 23
4
Mark L Lavelle
24 Mar 23
4
Jonathan W. Witter
22 Feb 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 3.90 bn | 3.90 bn | 3.90 bn | 3.90 bn | 3.90 bn | 3.90 bn |
| Cash burn (monthly) | 291.56 mm | (no burn) | (no burn) | (no burn) | (no burn) | 4.08 mm |
| Cash used (since last report) | 657.66 mm | n/a | n/a | n/a | n/a | 9.19 mm |
| Cash remaining | 3.24 bn | n/a | n/a | n/a | n/a | 3.89 bn |
| Runway (months of cash) | 11.1 | n/a | n/a | n/a | n/a | 954.2 |
Institutional ownership, Q1 2023
99.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 290 |
| Opened positions | 48 |
| Closed positions | 56 |
| Increased positions | 85 |
| Reduced positions | 119 |
| 13F shares | Current |
|---|---|
| Total value | 2.83 tn |
| Total shares | 240.92 mm |
| Total puts | 253.50 k |
| Total calls | 141.40 k |
| Total put/call ratio | 1.8 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 31.02 mm | $384.35 bn |
| Impactive Capital | 23.54 mm | $291.71 bn |
| BLK Blackrock | 21.41 mm | $265.24 bn |
| Massachusetts Financial Services | 18.12 mm | $224.48 bn |
| VA Partners I | 14.50 mm | $0.00 |
| Ubs Global Asset Management Americas | 14.21 mm | $176.02 bn |
| Boston Partners | 10.20 mm | $129.10 bn |
| FMR | 8.68 mm | $107.50 bn |
| STT State Street | 7.28 mm | $90.17 bn |
| Hotchkis & Wiley Capital Management | 7.14 mm | $88.42 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 5 Jun 23 | Steven McGarry | Common Stock | Sell | Dispose S | No | No | 16.4932 | 41,733 | 688.31 k | 342,367.03 |
| 20 Apr 23 | Jonathan W. Witter | Common Stock | Payment of exercise | Dispose F | No | No | 14.59 | 82,735 | 1.21 mm | 1,097,398.925 |
| 20 Apr 23 | Jonathan W. Witter | Common Stock | Payment of exercise | Dispose F | No | No | 14.59 | 42,024 | 613.13 k | 1,180,133.925 |
| 22 Mar 23 | Lavelle Mark L | Common Stock | Grant | Acquire A | No | No | 0 | 2,222 | 0.00 | 46,708 |
| 22 Mar 23 | Ted Manvitz | Common Stock | Grant | Acquire A | No | No | 0 | 2,048 | 0.00 | 22,241 |
| 28 Feb 23 | Steven McGarry | Common Stock | Payment of exercise | Dispose F | No | No | 14.38 | 1,176 | 16.91 k | 384,100.03 |
| 28 Feb 23 | Daniel P Kennedy | Common Stock | Payment of exercise | Dispose F | No | No | 14.38 | 669 | 9.62 k | 244,294.57 |
News
Biden, McCarthy To Discuss Debt Ceiling On Tuesday: What Investors Need To Know
8 May 23
Analyst Expectations for SLM's Future
28 Apr 23
SLM's Return On Capital Employed Insights
28 Apr 23
Morgan Stanley Maintains Overweight on SLM, Raises Price Target to $18
28 Apr 23
Stephens & Co. Reiterates Equal-Weight on SLM, Maintains $11 Price Target
27 Apr 23
Press releases
Sallie Mae CEO Jon Witter to Present At 2023 Morgan Stanley US Financials, Payments & CRE Conference
25 May 23
Sallie Mae Reports First-Quarter 2023 Financial Results
26 Apr 23
Sallie Mae Releases Environmental, Social, and Governance (ESG) Report
26 Apr 23
Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock
25 Apr 23
Sallie Mae Chief Financial Officer to Present at 2023 Barclays Americas Select Conference
24 Apr 23