Sallie Mae Buyback
OLI recorded this information on 2/5/2013
Company:
Sallie Mae
Buyback:
SLM buyback
$Amount Authorized:
$400,000,000
Buyback Details:
The Board of Directors also authorized a $400 million share repurchase program for the company's outstanding common stock. The program does not have an expiration date.
SLM is a holding company. Through its subsidiary, Co. originates and services loans to students and their families to finance the cost of education. Co. uses Private Education Loans to mean education loans to students or their families that are not made, insured or guaranteed by any state or federal government. Co. provides deposit products insured by the Federal Deposit Insurance Corporation. Co. provides loan products for specific graduate programs of study, which include the Sallie Mae Law School Loan, the Sallie Mae MBA Loan, the Sallie Mae Health Professions Graduate Loan, the Sallie Mae Medical School Loan, the Sallie Mae Dental School Loan, and the Sallie Mae Graduate School Loan.
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Avg. Broker Rec.
 
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Strong Buy (3.62 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: SLM Stock Forecast Based on Zacks ABR data; powered by Xignite |
