48,225 SLM Corporation $SLM Shares Sold by Investment House LLC

Key Points

• Investment House LLC cut its SLM stake by 44.3%, selling 48,225 shares and retaining 60,645 shares worth approximately $1.37 million. Institutional investors and hedge funds collectively own 98.94% of the company.
• SLM reported a weak quarter, with a $0.19 loss per share versus $0.63 earnings a year earlier, while revenue fell 31.3% to $375.5 million and missed analyst expectations.
• SLM declared a quarterly dividend of $0.13 per share, representing a $0.52 annualized payout and approximately a 2.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $29.22.

Investment House LLC reduced its stake in shares of SLM Corporation (NASDAQ:SLM - Free Report) by 44.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,645 shares of the credit services provider's stock after selling 48,225 shares during the period. Investment House LLC's holdings in SLM were worth $1,372,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in SLM during the second quarter worth approximately $455,576,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of SLM in the 2nd quarter valued at $169,136,000. Azora Capital LP acquired a new position in shares of SLM in the 2nd quarter valued at $97,917,000. Bank of New York Mellon Corp purchased a new stake in shares of SLM during the 2nd quarter valued at $39,251,000. Finally, Bank of America Corp DE purchased a new stake in shares of SLM during the 2nd quarter valued at $37,268,000. 98.94% of the stock is owned by institutional investors and hedge funds.

SLM Price Performance

SLM stock opened at $21.76 on Friday. The firm has a fifty day moving average of $24.63 and a 200-day moving average of $24.03. SLM Corporation has a 52-week low of $17.77 and a 52-week high of $31.06. 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 has a market capitalization of $4.09 billion, a P/E ratio of 6.08, a PEG ratio of 1.56 and a beta of 0.96.

SLM (NASDAQ:SLM - Get Free Report) last posted its earnings results on Thursday, October 22nd. The credit services provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.36). SLM had a net margin of 26.09% and a return on equity of 33.81%. The business had revenue of $375.47 million for the quarter, compared to analyst estimates of $453.34 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The business's revenue was down 31.3% compared to the same quarter last year. As a group, analysts predict that SLM Corporation will post 3.12 EPS for the current year.

SLM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, December 4th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.52 annualized dividend and a yield of 2.4%. SLM's dividend payout ratio (DPR) is 14.53%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SLM. Royal Bank Of Canada cut their target price on SLM from $29.00 to $28.00 and set an "outperform" rating on the stock in a research report on Friday, October 9th. Barclays reissued an "equal weight" rating and set a $26.00 price target (down from $30.00) on shares of SLM in a research report on Tuesday, July 7th. Wall Street Zen lowered SLM from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th. Morgan Stanley upped their price target on SLM from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. cut their price objective on SLM from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday, October 12th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SLM currently has a consensus rating of "Hold" and an average target price of $29.22.

More SLM News

Here are the key news stories impacting SLM this week:

• Positive Sentiment: Private education loan originations rose 15% year over year to $3.4 billion, while graduate-loan originations increased 119%. SLM also repurchased 5.1 million shares for $132.2 million during the quarter, supporting per-share value over time. Sallie Mae Reports $32.3 Million Third-Quarter Loss as Originations Rise 15%
• Positive Sentiment: SLM declared a quarterly dividend of $0.13 per share, equivalent to $0.52 annually and an indicated yield of approximately 2.3%. The dividend is payable December 15 to shareholders of record December 4. Sallie Mae Announces Dividend for the Fourth Quarter 2026
• Neutral Sentiment: Despite the weak quarter, delinquencies were 4.2% of loans in repayment as of September 30, providing investors with an important measure of portfolio credit performance to monitor.
• Negative Sentiment: SLM reported a third-quarter loss of $0.19 per share, versus a year-earlier profit of $0.63 and analyst expectations for a profit of roughly $0.12-$0.17 per share. Revenue of $375.5 million also fell short of the approximately $453.3 million consensus estimate. Sallie Mae Reports Q3 Loss, Lags Revenue Estimates
• Negative Sentiment: Net charge-offs reached $90 million and provisions for credit losses totaled $213.7 million, weighing heavily on results and signaling increased losses in the private student-loan portfolio.
• Negative Sentiment: Management cut 2026 diluted EPS guidance to $1.95-$2.05 from $3.10-$3.20 after the higher charge-offs. The substantial forecast reduction is likely the main catalyst behind the stock’s decline. Sallie Mae Cuts Full-Year View After Logging Higher Charge-Offs

SLM Company Profile

SLM Corp., commonly known as Sallie Mae, is a financial services company focused on helping students and families finance higher education. Its primary business is the origination and servicing of private education loans, which can help cover tuition, fees, books, housing and other eligible education-related expenses not fully covered by federal student aid.

The company offers private student loans for undergraduate and graduate education, as well as loans for career-training programs and other education needs.

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