NewEdge Wealth LLC Takes $1.16 Million Position in SLM Corporation $SLM

NewEdge Wealth LLC bought a new position in shares of SLM Corporation (NASDAQ:SLM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 44,741 shares of the credit services provider’s stock, valued at approximately $1,161,000.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in SLM in the 2nd quarter valued at $455,576,000. Bank of New York Mellon Corp acquired a new stake in shares of SLM during the second quarter worth $39,251,000. Act Two Investors LLC acquired a new stake in shares of SLM during the second quarter worth $18,593,000. Goldman Sachs Group Inc. boosted its position in shares of SLM by 33.4% in the first quarter. Goldman Sachs Group Inc. now owns 547,724 shares of the credit services provider’s stock valued at $16,087,000 after acquiring an additional 137,285 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of SLM by 63.1% in the first quarter. SG Americas Securities LLC now owns 261,392 shares of the credit services provider’s stock valued at $5,596,000 after acquiring an additional 101,120 shares during the period. 98.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SLM shares. Royal Bank Of Canada raised their price target on shares of SLM from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Morgan Stanley boosted their price objective on shares of SLM from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. JPMorgan Chase & Co. raised their target price on shares of SLM from $24.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, July 13th. Barclays reiterated an “equal weight” rating and issued a $26.00 price target (down from $30.00) on shares of SLM in a research report on Tuesday, July 7th. Finally, Weiss Ratings raised SLM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Five 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.80.

SLM Trading Up 2.4%

SLM opened at $26.46 on Friday. SLM Corporation has a twelve month low of $17.77 and a twelve month high of $32.07. The company has a 50-day simple moving average of $25.48 and a 200 day simple moving average of $23.28. 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 stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.39, a P/E/G ratio of 2.25 and a beta of 0.96.

SLM (NASDAQ:SLM) last released its earnings results on Thursday, July 23rd. The credit services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.17). The firm had revenue of $401.11 million during the quarter, compared to the consensus estimate of $409.22 million. SLM had a net margin of 26.09% and a return on equity of 33.81%. SLM’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Analysts predict that SLM Corporation will post 3.12 EPS for the current fiscal year.

SLM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a dividend of $0.13 per share. 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 (DPR) is currently 14.53%.

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.