SLM Corp $ 15.79 0.79 (5.27%)
SLM News and Headlines - SLM Corp
Shares of credit services provider SLM Corp. (SLM) gained more than 15% on Thursday to trade at around $14.08. The Delaware-based student loan company announced strong fiscal fourth-quarter and full-year 2020 earnings after markets closed on Wednesday.
Also known as Sallie Mae, the stock has more than doubled over the last six months after a run of good quarterly results. At the current price of about $14.09, the stock is now trading at its highest level since 2007.
A look at the numbers
SLM posted adjusted earnings growth of 248.48% to
Often called the "father of the hedge fund," Robertson founded Tiger Management in 1980, turning an initial $8 million into over $22 billion by the late 1990s. After losing 4% in 1998 and 19% in 1999 as rivals rode the dot-com bubble to its peak, he shut down the fund in 2000, and Tiger Management now only manages money from internal sources (mainly Robertson's personal wealth). Robertson's long-short strategy is based on investing in the
Selecting stocks whose earnings return is more than twice the average of 20-year high-quality corporate bonds enhances the chances to find high-yield investments, in my opinion. This category of investment grade bonds represents corporate loans that triple-A, double-A and single-A rated companies have taken out with their lenders.
Since 20-year high-quality corporate bonds grant a monthly spot rate of 3.18% (as of June 2020) to their holders, the following three stocks may hold value, as they grant earnings returns of more than 6.36% at price-earnings ratios of less than 15.72.
Shares of SLM Corp (SLM) were trading
The firm exited its FedEx Corp. (FDX) position. The trade had an impact of -0.90% on the portfolio.
The express package provider has a market cap of $30.47 billion and an enterprise value of $60.15 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of -1.88% and return on assets of -0.55% are underperforming 80% of companies in the transportation industry. Its
On Sept. 6, 2008, the U.S. government took Fannie Mae (FNMA) and Freddie Mac (FMCC) into conservatorship. Nine days later, Lehman Brothers filed for bankruptcy and the house of cards came crashing down on the housing bubble. Many believe the next recession could be caused by the student loan market.
SLM Corp. (SLM), or Sallie Mae, is the largest student lender in the country. It makes both guaranteed federal student loans and private loans. It was originally created as a government-sponsored entity in 1972, similar to Freddie Mac and Fannie Mae. However, in 2004, the company terminated its charter
The firm, which is activist in nature, takes large positions in a concentrated number of undervalued companies in order to work with them to maximize returns. Ubben handed the reins of the $9.9 billion portfolio over to Mason Morfit last July. He remains at the company as CEO.
During the quarter, ValueAct added SLM Corp. (SLM) to its portfolio and cut Microsoft Corp. (MSFT) and Express Scripts Holding Co. (ESRX).
Investors, giddy about early signs of a revived energy sector, evidently lost all enthusiasm as they began selling off shares of the largest oilfield services provider in the world.
The stock of global energy giant Schlumberger (SLB) slid amid market fears of plunging oil prices. Oil hit its highest level since 2014 this week, but it was short-lived, falling by 1% in trading.
One contributing factor may have been the impact of a tweet from President Trump, criticizing the Organization of Petroleum Exporting Countries (OPEC) for “artificially” raising the cost capping on production.
Schlumberger appeared to bear at least some
SLM Corp. (SLM) stock rose over 1% on Monday and was up 0.51% in late-afternoon trading on Tuesday. The company's stock has rallied in the last month, rising over 7%. The stock's rally to start the week is a result of optimism over Federal Reserve meetings this week.
The Dow hit a record highÂ as the Nasdaq rose 0.14% and the Standard & Poor's 500 rose 0.15%.
SLM's stock is also riding on several recent reports. The company's Sallie Mae subsidiary, a student loan servicing company, announced earlier in the month that it will be partnering with the
Before you hit the beach, you might want to take a look at my Perfect 10 Portfolio.
No, it isn’t a collection of supermodel photos. It’s a collection of ten stocks, each of which sells for 10 times earnings.
Over many years, stocks have usually sold for about 15 times earnings. Currently, the average multiple is about 25. Stocks selling at 10 times earnings are unpopular stocks that sell at a discount to the overall market.
To illustrate my belief that the road to stock market riches is to buy unpopular stocks, not popular ones, I started my Perfect 10
According to GuruFocus' All-in-One Guru Screener, the following are some of the stocks that have outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter.
Seattle Genetics Inc. (SGEN) with a market cap of $8.52 billion has outperformed the S&P 500 Index by 99.4% over the last 12 months.
Seattle Genetics is a biotechnology company. It develops and commercializes monoclonal antibody-based therapies for the treatment of cancer and autoimmune disease.
Its shares are trading with a price-book (P/B) ratio of 13.43. The price is 130.41% above its
Manning & Napier Inc., an investment firm headquartered in New York, sold 9,260,312 shares of SLM Corp. (SLM) for an average price of $8.98 per share in the fourth quarter.
It now owns 10,130 shares of the company. Since the transaction, SLM’s stock has soared gaining an estimated 32%.
SLM has a market cap of $5.08 billion, a price-earnings (P/E) ratio of 22.34, an enterprise value of $5.89 billion, a price-book (P/B) ratio of 2.84 and a price-sales (P/S) ratio of 5.34.
SLM (Sallie Mae) is a private bank engaged in saving,
John Burbank (Trades, Portfolio) sold many stocks during the third quarter. Some of them brought him some profits, but he lost on other investments. His biggest quarterly losses were 31%, 29% and 27% onÂ E-Commerce China Dangdang Inc. (DANG), Sohu.com Inc. (SOHU) and Autohome Inc. (ATHM).
Burbank is the chief investment officer of Passport Capital LLC, the global investment firm he founded in 2000. The firm employs top-down macroeconomics to achieve risk-adjusted returns.
E-Commerce China Dangdang Inc.
The guru initiated a position in this company at $9.41 per share in the second quarter and
Irving Kahn, along with brothers Alan and Thomas, founded Kahn Brothers (Trades, Portfolio) & Company in 1978. The firm manages a portfolio composed of 38 stocks with a total value of $540 million. The following are the most heavily weighted trades during the third quarter.
The firm reduced its stake in New York Community Bancorp Inc. (NYCB) by 9.45% with an impact of 0.9% on the portfolio. The current stake is 9.26% of its total assets.
The stock is trading with a forward P/E ratio of 14.60 and has been as high as $19.18 and as
Watsa founded Fairfax Financial Holdings in 1985; the firm is engaged in property and casualty insurance and reinsurance and investment management.
One of the firm’s main objectives is to compound mark-to-market book value by per share over the long term by 15% annually, which is done at the expense of short-term profits if necessary.
Cresud SA (CRESY)
Watsa sold out of 723,012 shares of Cresud
Schlumberger (SLM) is scheduled to reveal its first quarter results for FY2015 on April 16. The company, which competes with businesses such as Baker Hughes Inc. (BHI), Halliburton Company (HAL) and Weatherford International Plc. (WFT), is a giant in the oil services market and the seventh largest business by market cap in the energy index.
Schlumberger reported 6% year-over-year growth in revenues to $12.6 billion in the fourth quarter of fiscal 2014 and a diluted non-GAAP EPS of $1.50 a share, up 11% compared to the prior-year quarter’s $1.35 a share. The company attributed the growth to record
Recently, Sallie Mae (SLM) spun its FFELP (Federal Family Education Loan Program) division Navient (NAVI). In this case we elected to keep Sallie Mae Bank (SLM, the parent) and we sold Navient. Our rationale for selling NAVI was that it’s strictly a US government backed loan originator/servicer and will not likely grow as fast as SLM who dominates the private student lending market. SLM offered better downside risk given its loans generate substantially wider spreads and virtually all of its loans are co-signed by the students’ parents. Further, by electing to remain invested in SLM, we should also
In the second calendar quarter of 2014, the KEELEY Small Cap Value Fund (KSCVX) climbed 3.21 percent compared to a 2.05 percent rise for the Russell 2000 Index and a 2.38 percent increase for the Russell 2000 Value Index. After a volatile first quarter of the year, equity markets gradually pushed higher for much of the second quarter. The global uncertainty that unsettled markets early in the year subsided, which allowed investors to regain focus on domestic fundamentals that overall seem to show progress. The economic surprise of the month and the quarter was the unexpectedly low final result for
The most used and referenced ratio on Wall Street is the price to earnings ratio. The P/E ratio divides the price per share by the earnings per share of a company. Earnings or net income is the profit that a company generates within a period of time. Profitability is important because profits ultimately become retained earnings on a company’s balance sheet, and this adds to shareholder’s equity. This would bring value to the shareholder and is the very basis of being a value investor. Profitability is important for any business, both private and public. I personally wouldn’t want
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