SLM Corporation (NASDAQ:SLM – Get Free Report) has earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $29.80.
Several equities research analysts recently commented on SLM shares. Barclays reiterated an “equal weight” rating and set a $26.00 target price (down from $30.00) on shares of SLM in a research report on Tuesday, July 7th. Zacks Research cut shares of SLM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price target on shares of SLM from $24.00 to $25.00 and gave the company an “underweight” rating in a research note on Monday, July 13th. Weiss Ratings upgraded shares of SLM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Finally, Wells Fargo & Company set a $28.00 price objective on shares of SLM in a research note on Friday, July 24th.
Get Our Latest Analysis on SLM
SLM Price Performance
SLM (NASDAQ:SLM – Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $401.11 million for the quarter, compared to analyst estimates of $409.22 million. SLM had a net margin of 26.09% and a return on equity of 33.81%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Analysts anticipate that SLM will post 3.12 earnings per share for the current fiscal year.
SLM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 1.9%. SLM’s payout ratio is presently 14.53%.
Institutional Investors Weigh In On SLM
Several institutional investors and hedge funds have recently made changes to their positions in SLM. Handelsbanken Fonder AB lifted its stake in shares of SLM by 16.1% in the second quarter. Handelsbanken Fonder AB now owns 56,179 shares of the credit services provider’s stock worth $1,457,000 after acquiring an additional 7,800 shares during the period. GAMMA Investing LLC boosted its holdings in SLM by 26.4% in the second quarter. GAMMA Investing LLC now owns 11,579 shares of the credit services provider’s stock valued at $300,000 after acquiring an additional 2,417 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in SLM by 19.4% during the 1st 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. Entropy Technologies LP increased its position in SLM by 146.1% during the 1st quarter. Entropy Technologies LP now owns 44,570 shares of the credit services provider’s stock valued at $954,000 after purchasing an additional 26,460 shares during the period. Finally, SG Americas Securities LLC raised its holdings in SLM by 63.1% during the 1st quarter. SG Americas Securities LLC now owns 261,392 shares of the credit services provider’s stock worth $5,596,000 after purchasing an additional 101,120 shares during the last quarter. Institutional investors and hedge funds own 98.94% of the company’s stock.
About SLM
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.
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