NEW YORK (

TheStreet

) --

SLM Corporation

(NYSE:

SLM

) hit a new 52-week high Tuesday as it traded at $15.38 compared with its previous 52-Week high of $15.35. SLM is changing hands at $15.37 with 863,221 shares traded as of 10:52 a.m. ET. Average volume has been 4.3 million shares over the past 30 days.

SLM has a market cap of $7.9 billion and is part of the

financial

sector and

financial services

industry. Shares are up 20.1% year to date as of the close of trading on Monday.

SLM Corporation, through its subsidiaries, provides education finance in the United States. The company has a P/E ratio of 13.9, below the average financial services industry P/E ratio of 15.9 and below the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates SLM as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full

SLM Ratings Report

.

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