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SLM Corporation (SLM) originates, acquires, finances, and services private education loans in the United States.
The company operates through three segments: Consumer Lending, Business Services, and FFELP Loans. It also provides servicing, loan default aversion, and defaulted loan collection services for loans owned by the Department of Education (ED), Guarantors of FFELP Loans, and other institutions.
In addition, the company offers processing capabilities to educational institutions, 529 college-savings plan program management services, and a consumer savings network. Further, it provides campus solutions, such as electronic billing, collection, payment and refund, and tuition payment plan administration services.
The company promotes its products through the financial aid offices on campuses, as well as through direct marketing to students and their families.
Shares have formed a bullish "cup & handle" after the firm annouced its plans for splitting the company into two. One company, the education-loan management business, will contain about 95 percent of the student loan giant’s assets, including $118.1 billion in federal loans and $31.6 billion of private loans. The other, fashioned as a consumer-banking business, will make student loans to fill a seemingly insatiable demand from borrowers, stoked by skyrocketing college costs. Higher share prices are expected for this stock.
52-Week Trading Range: $13.70 - $26.17
Entry Point: $23.95
Stop Loss: $22.80
Target Price: $26.40
SLM fell through our stop loss. The positon was closed at $22.53.
