PDT Partners LLC Makes New Investment in SLM Corporation $SLM

PDT Partners LLC bought a new stake in SLM Corporation (NASDAQ:SLM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 202,823 shares of the credit services provider’s stock, valued at approximately $5,261,000.

Other institutional investors also recently made changes to their positions in the company. Allworth Financial LP acquired a new position in shares of SLM during the 2nd quarter worth $55,000. EverSource Wealth Advisors LLC lifted its stake in shares of SLM by 19.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider’s stock valued at $66,000 after purchasing an additional 501 shares during the period. Triumph Capital Management acquired a new stake in shares of SLM in the third quarter valued at about $69,000. Sanctuary Advisors LLC acquired a new stake in shares of SLM in the second quarter valued at about $231,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in SLM during the first quarter worth about $263,000. 98.94% of the stock is currently owned by hedge funds and other institutional investors.

SLM Price Performance

SLM stock opened at $26.47 on Wednesday. SLM Corporation has a 52 week low of $17.77 and a 52 week high of $32.07. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 2.63. The firm’s 50-day simple moving average is $25.65 and its 200 day simple moving average is $23.24. The firm has a market capitalization of $4.98 billion, a PE ratio of 7.39, a P/E/G ratio of 2.29 and a beta of 0.96.

SLM (NASDAQ:SLM) last issued its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.17). SLM had a net margin of 26.09% and a return on equity of 33.81%. The business had revenue of $401.11 million during the quarter, compared to analyst estimates of $409.22 million. During the same period in the previous year, the company posted $0.32 earnings per share. SLM’s revenue was down .7% on a year-over-year basis. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. On average, equities research analysts predict that SLM Corporation will post 3.12 EPS for the current fiscal year.

SLM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be given a $0.13 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 2.0%. SLM’s dividend payout ratio is currently 14.53%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SLM shares. JPMorgan Chase & Co. upped their target price on shares of SLM from $24.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, July 13th. Zacks Research downgraded shares of SLM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada boosted their price target on SLM from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Wall Street Zen cut SLM from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $26.00 price objective (down from $30.00) on shares of SLM in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $29.80.

SLM Profile

SLM Corporation, operating as Sallie Mae Bank, is a leading U.S.-based consumer banking company specializing in education financing and related banking products. The company provides a range of private student loans for undergraduate and graduate studies, Parent PLUS loans, and specialized financing for career and certificate programs. In addition to its core lending services, Sallie Mae offers deposit products including savings accounts, checking accounts, money market accounts, certificates of deposit, and credit cards tailored to students and young adults.

Founded in 1972 as the Student Loan Marketing Association—a government-sponsored enterprise—Sallie Mae was privatized in 2004 and has since focused on expanding its private education loan offerings and digital banking solutions.