Company Nelnet, Inc.

Equities

NNI

US64031N1081

Consumer Lending

Market Closed - Nyse 01:30:02 27/04/2024 am IST 5-day change 1st Jan Change
94.82 USD +0.71% Intraday chart for Nelnet, Inc. -0.52% +7.48%

Business Summary

Nelnet, Inc. operates businesses that are engaged in loan servicing and education technology services and payments. The Company's segments include Loan Servicing and Systems (LSS), Education Technology Services and Payments (ETSP), Asset Generation and Management (AGM), and Nelnet Bank. The LSS segment is focused on student and consumer loan servicing, loan servicing-related technology solutions and outsourcing business services. This segment includes the brands Nelnet Diversified Solutions, Nelnet Government Services and others. The ETSP segment provides education and payment technology and services for K-12 schools, higher education institutions, churches, and businesses in the United States and internationally. The AGM segment includes the acquisition and management of student and other loan assets, including investment interests therein. The Nelnet Bank includes an Internet Utah-chartered industrial bank focused on the private education and unsecured consumer loan markets.

Number of employees: 7,550

Sales per Business

USD in Million2022Weight2023Weight Delta
Asset Generation and Management
49.0 %
965 48.5 % 1,012 49.0 % +4.89%
Loan Servicing and Systems
26.8 %
568 28.6 % 554 26.8 % -2.53%
Education Technology, Services, and Payment Processing
23.5 %
416 20.9 % 486 23.5 % +16.95%
Nelnet Financial Services Other
4.9 %
- - 102 4.9 % -
Corporate and Other Activities
-3.6 %
59 3.0 % -74 -3.6 % -225.87%
Eliminations
-3.5 %
-48 -2.4 % -73 -3.5 % +53.59%
Nelnet Bank
2.8 %
28 1.4 % 58 2.8 % +104.04%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
1,989 100.0 % 2,065 100.0 % +3.83%

Managers

Managers TitleAgeSince
Chief Executive Officer 58 01/96/01
Founder 60 -
Director of Finance/CFO 61 01/98/01
President 65 01/05/01
Chief Operating Officer 59 01/98/01
Director/Board Member 34 17/22/17
Investor Relations Contact - -
General Counsel 56 01/98/01

Members of the board

Members of the board TitleAgeSince
Director/Board Member 71 01/03/01
President 65 01/05/01
Founder 60 -
Director/Board Member 41 22/14/22
Director/Board Member 60 31/07/31
Director/Board Member 58 08/18/08
Director of Finance/CFO 61 01/98/01
Director/Board Member 42 17/22/17
Director/Board Member 54 17/22/17
Director/Board Member 34 17/22/17

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 10 10,663,088 0 0 44.41 %
Stock B 1 26,176,208 16,361,925 ( 62.51 %) 0

Shareholders

NameEquities%Valuation
4,967,999 18.83 % 470 M $
Dimensional Fund Advisors LP
7.872 %
2,076,549 7.872 % 197 M $
The Magnolia Group LLC
7.203 %
1,900,000 7.203 % 180 M $
1,864,177 7.067 % 176 M $
1,460,476 5.537 % 138 M $
Vanguard Fiduciary Trust Co.
4.967 %
1,310,085 4.967 % 124 M $
Farmers & Merchants Investment, Inc. (Lincoln, Nebraska)
4.574 %
1,206,546 4.574 % 114 M $
BlackRock Advisors LLC
4.079 %
1,076,106 4.079 % 102 M $
Union Bank & Trust Co. (Investment Management)
3.536 %
932,710 3.536 % 88 M $
552,679 2.095 % 52 M $
NameEquities%Valuation
7,542,713 65.62 % 714 M $
Farmers & Merchants Investment, Inc. (Lincoln, Nebraska)
19.58 %
2,250,882 19.58 % 213 M $
1,270,956 11.06 % 120 M $
15,370 0.1337 % 1 M $
Matthew Dunlap
0.000870 %
100 0.000870 % 9 465 $

Company contact information

Nelnet, Inc.

121 South 13th Street Suite 100

68508, Lincoln

+402 458 2370

http://www.nelnet.com
address Nelnet, Inc.(NNI)

Group companies

NameCategory and Sector
Finance/Rental/Leasing