SLM ( SLM) pushed the Financial Services industry lower today making it today's featured Financial Services loser. The industry as a whole closed the day up 0.8%. By the end of trading, SLM fell 12 cents (-0.8%) to $14.85 on average volume. Throughout the day, 4.7 million shares of SLM exchanged hands as compared to its average daily volume of 3.9 million shares. The stock ranged in price between $14.80-$15.09 after having opened the day at $15.05 as compared to the previous trading day's close of $14.97. Other company's within the Financial Services industry that declined today were: First Marblehead Corporation ( FMD), down 9.1%, Security National Financial Corporation ( SNFCA), down 7.5%, Consumer Portfolio Services ( CPSS), down 4.6%, and Penson Worldwide ( PNSN), down 4.1%. SLM Corporation, through its subsidiaries, originates, acquires, finances, and services private education loans in the United States. It offers processing capabilities to educational institutions, 529 college-savings plan program management services, and a consumer savings network. SLM has a market cap of $7.38 billion and is part of the financial sector. The company has a P/E ratio of 11.1, below the average financial services industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7. Shares are up 11.7% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate SLM a buy, no analysts rate it a sell, and none rate it a hold. TheStreet Ratings rates SLM as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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