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Nelnet (NNI) Company Profile

Updated Jun 2, 2020
Nelnet has the following business profile:
Company's Full Name:Nelnet, Inc.
Short Name:Nelnet
Trading Ticker Symbol:NNI
Primary Exchange:NYSE
Headquarter City/Country:Nebraska, NE
Primary Industry Sector:Finance
Seconday Sub-sector:Consumer Finance Services
Main Business Areas: Finance, Consumer Finance Services, Financial Services, Credit Services
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Nelnet stock

Market and Trading Information for Nelnet

The following details were available for trading and market data about the stock of Nelnet as of writing:
Current Share Price:$49.61
Previous Year's Closing Price:$58.24
Percentage Price Change (YTD):-14.82%
Market Cap:$1.94 billion
52-week Price Range:$36.7 - $69.97
Dividend Per Share:$0.76
EPS (TTM):1.49
Price-Earnings (Trailing):33.21
Price-Earnings (Forward):8.94

Company Profile and Business Description for Nelnet

Nelnet, Inc., incorporated on December 21, 1977, focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing and school information systems, and communications. The Company's segments include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities. The Company earns fee-based revenue through its Loan Systems and Servicing, Tuition Payment Processing, and Communications operating segments. In addition, the Company earns interest income on its student loan portfolio in its Asset Generation and Management operating segment. Corporate and Other Activities include real estate and other investments.

Loan Systems and Servicing

The Company's Loan Systems and Servicing operating segment include servicing federally-owned student loans for the Department, servicing Federal Family Education Loan Program (FFELP) loans, originating and servicing private education and consumer loans, providing student loan servicing software and other information technology products and services, and providing outsourced services including call center, processing, and marketing services. As of December 31, 2016, the Company serviced $194.8 billion of student loans for 7.6 million borrowers. As of December 31, 2016, the Department also had contracts with 31 not-for-profit (NFP) entities to service student loans. The Department allocates new loan volume among the nine servicers based on the performance metrics, which include Two metrics measure the satisfaction among separate customer groups, and Three metrics measure the success of keeping borrowers in an on-time repayment status and helping borrowers avoid default as reflected by the percentage of borrowers in current repayment status (30%), percentage of borrowers more than 90 days but less than 271 days delinquent (15%), and percentage of borrowers over 270 days and less than 361 days delinquent (15%). The Loan Systems and Servicing operating segment provides for the servicing of the Company's student loan portfolio and the portfolios of third parties. The loan servicing activities include loan conversion activities, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliations, and claim processing. Its FFELP servicing customers include national and regional banks, credit unions, and various state and non-profit secondary markets.

The Loan Systems and Servicing operating segment conducts origination and servicing activities for consumer loans which include both private education and personal loan products. Private education loans are loans to students or their families that are non-federal loans; as such, the loans are not issued or guaranteed by the federal government. The segment provides data center services and student loan servicing software for servicing private education and federal loans. These software systems are used internally by the Company and licensed to third-party student loan holders and servicers. The Company provides business process outsourcing specializing in contact center management. The contact center solutions and services include taking inbound calls, helping with outreach campaigns and sales, and interacting with customers through multi-channels.

Tuition Payment Processing and Campus Commerce

The Company's Tuition Payment Processing and Campus Commerce operating segment provides products and services to help students and families manage the payment of education costs at all levels (K-12 and higher education). It also provides education-focused technologies, services, and support solutions to help schools automate administrative processes and collect and process commerce data. In the K-12 market, the Company offers tuition management services, school information systems, and assistance with financial needs assessment and donor management. As of December 31, 2016, the Company provided services for approximately 13,500 K-12 schools and served over two million families representing over three million students. The Company offers two principal products to the higher education market: actively managed tuition payment plans, and campus commerce technologies and payment processing. As of December 31, 2016, the Company provided service for 970 colleges and universities across the world, and served over seven million students and families.

Communications

The Company, through Allo Communications LLC (Allo), is engaged in the sale of advanced telecommunication services, including Internet, broadband, telephone, and television services, to business and residential customers in Nebraska, and specializes in high-speed Internet and broadband services available through its all-fiber network. Allo serves the Scottsbluff, Gering, Bridgeport, North Platte, Ogallala, and Alliance communities in Nebraska. Allo data services provide high-speed Internet access over Allo's all-fiber network at various symmetrical speeds up to one gigabit per second, depending on the nature of the network facilities that are available, the level of service selected, and the geographic market availability. Allo also offers a variety of data connectivity services, including Ethernet services capable of connecting multiple connections over Allo's fiber-based networks. Allo's Internet Protocol Television Video (IPTV) services range from limited basic service to advanced television, which includes several plans each with various local, national, and music channels, including premium and pay-per-view channels, as well as video on demand service. Subscribers may also subscribe to Allo's advanced video services, which consist of high-definition television, digital video recorders (DVR), and/or a whole home DVR. Allo's whole home DVR gives customers the ability to watch recorded shows on any television in the house, record multiple shows at one time, and utilize an intuitive on-screen guide and user interface.

The Company's Local calling services include a suite of telephone services, including basic services, primary rate interface (PRI), and session initiation protocol (SIP). Allo's service plans include options for voice-mail and other enhanced custom calling features including hunting, caller identification (ID), call forwarding, and call waiting. Its long-distance services include traditional domestic and international long distance, which enables customers to make calls that terminate outside their local calling area. Allo offers services through direct marketing, call centers, its Website, communication centers, and commissioned sales representatives.

Asset Generation and Management

The Asset Generation and Management operating segment includes the acquisition, management, and ownership of the Company's student loan assets. As of December 31, 2016, the Company's student loan portfolio was $24.9 billion. The Company generates a substantial portion of its earnings from the spread, referred to as the Company's student loan spread, between the yield it receives on its student loan portfolio and the associated costs to finance such portfolio. Student loans consist of federally insured student loans and private education loans. The Company's portfolio of federally insured student loans is subject to minimal credit risk, as these loans are guaranteed by the Department at levels ranging from 97% to 100%.

The Company competes with Navient Corporation, Great Lakes Educational Loan Services, Inc. and Pennsylvania Higher Education Assistance Agency.

121 S 13th St Ste 201

ETFs Holding Nelnet Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Nelnet stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Nelnet stock holding. There are a total of 50 ETFs in Fknol.com records which are holding Nelnet stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
DGROiShares Core Dividend Growth ETFThe iShares Core Dividend Growth ETF tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. ...Full Details0.08%449
Full List
Quarterly
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
Quarterly
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FNCLFidelity MSCI Financials Index ETFThe Fidelity MSCI Financials ETF tracks a market-cap-weighted index of stocks in the broad US financials sector. ...Full Details0.08%377
Full List
Quarterly
FNDBSchwab Fundamental US Broad Market Index ETFThe Schwab Fundamental U.S. Broad Market Index ETF tracks a fundamentally selected and weighted Russell Index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%1481
Full List
Quarterly
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
Quarterly
MFUSPIMCO RAFI Dynamic Multi-Factor US Equity ETFThe PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF tracks an index o fUS companies that are selected and weighted by a combination of fundamental and technical factors. ...Full Details0.29%859
Full List
Quarterly
SCHBSchwab US Broad Market ETFThe Schwab U.S. Broad Market ETF tracks a cap-weighted index of the largest 2,500 stocks in the US. ...Full Details0.03%2365
Full List
Quarterly
VFHVanguard Financials ETFThe Vanguard Financials ETF tracks the performance of the MSCI US Investable Market Financials 25/50 Index, which includes the financial stocks of the top 98% of US market by capitalization. ...Full Details0.1%408
Full List
Quarterly

See Full List of ETFs holding Nelnet stock in their respective portfolios.

Peer / Competitor Companies of Consumer Finance Services Sector

Along with Nelnet, Inc., the following other peer (competitor) companies also exist within the same Consumer Finance Services - Finance sector whose company profile and dividend history is as follows:

▶ AllianzGI NFJ Dividend Interest and Premium Strate (NFJ): NFJ Dividend, Interest& Premium Strategy Fund (the Fund) is a diversified closed-end management investment company. The Funds primary investment objective is to seek current income and gains, with a secondary ....See Detailed Company Profile,  Dividend History

▶ Ally Financial (ALLY): Ally Financial Inc. provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates throug....See Detailed Company Profile,  Dividend History

▶ America First Multifamily Investors (ATAX): America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction or permanent financing for multifami....See Detailed Company Profile,  Dividend History

▶ American Express (AXP): American Express Company, incorporated on June 10, 1965, together with its subsidiaries, is a global services company. The Companys principal products and services are charge and credit card products, and ....See Detailed Company Profile,  Dividend History

▶ Atlanticus (ATLC): Atlanticus Holdings Corporation, incorporated on May 14, 2009, is focused on providing financial services. Through its subsidiaries, the Company offers an array of financial products and services. The Company operates ....See Detailed Company Profile,  Dividend History

▶ CIT DEL (CIT): CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and....See Detailed Company Profile,  Dividend History

▶ Consumer Portfolio (CPSS): Consumer Portfolio Services, Inc., incorporated on March 8, 1991, is a specialty finance company. The Companys business is to purchase and service retail automobile contracts originated primarily by franchised automobile ....See Detailed Company Profile,  Dividend History

▶ Credit Acceptance (CACC): Credit Acceptance Corporation, incorporated on August 23, 1972, offers financing programs that enable automobile dealers to sell vehicles to consumers. The Companys financing programs are offered through a network of ....See Detailed Company Profile,  Dividend History

▶ Discover Financial (DFS): Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards t....See Detailed Company Profile,  Dividend History

▶ Enova International (ENVA): Enova International, Inc., incorporated on September 7, 2011, is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged ....See Detailed Company Profile,  Dividend History

▶ Equifax (EFX): Equifax Inc., incorporated on December 20, 1913, is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in ....See Detailed Company Profile,  Dividend History

▶ Everi (EVRI): Everi Holdings Inc., incorporated on February 4, 2004, is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc. (Everi Games Holding) and Everi Payments Inc. (Everi ....See Detailed Company Profile,  Dividend History

▶ Green Dot (GDOT): Green Dot Corporation (Green Dot), incorporated on October 26, 1999, is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing ....See Detailed Company Profile,  Dividend History

▶ LendingTree (TREE): LendingTree, Inc. (LendingTree), incorporated on April 14, 2008, is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Companys online marketplace provides consumers ....See Detailed Company Profile,  Dividend History

▶ LM Funding America (LMFA): LM Funding America, Inc., incorporated on April 20, 2015, is a specialty finance company. The Company provides funding to nonprofit community associations primarily located in the state of Florida and ....See Detailed Company Profile,  Dividend History

▶ Medallion Financial (MFIN): Medallion Financial Corp., incorporated on October 20, 1995, is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing ....See Detailed Company Profile,  Dividend History

▶ Medallion Financial (MFINL): Medallion Financial Corp., incorporated on October 20, 1995, is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing ....See Detailed Company Profile,  Dividend History

▶ Moody's (MCO): Moodys Corporation (Moodys), incorporated on June 2, 2000, is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk ....See Detailed Company Profile,  Dividend History

▶ Navient (JSM): Navient Corporation, incorporated on November 7, 2013, provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds ....See Detailed Company Profile,  Dividend History

▶ New York Mortgage Trust (NYMTP): New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured mul....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Consumer Finance Services Sector.

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Stock List of Other Top-level Sectors

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