716,772 Shares in SLM Corporation $SLM Acquired by Act Two Investors LLC

Key Points

• Act Two Investors LLC acquired 716,772 SLM shares worth approximately $18.6 million, representing about 0.38% of the company and 3.8% of the investor’s portfolio. Institutional investors collectively own 98.94% of SLM.
• Analysts maintain a cautious outlook, with a consensus “Hold” rating and an average price target of $29.80; ratings include five Buys, six Holds and one Sell.
• SLM reported quarterly EPS of $0.29, below the $0.46 consensus estimate, while revenue also missed expectations. The company declared a quarterly dividend of $0.13 per share, equivalent to a 1.9% annualized yield.

Act Two Investors LLC acquired a new stake in SLM Corporation (NASDAQ:SLM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 716,772 shares of the credit services provider's stock, valued at approximately $18,593,000. SLM comprises approximately 3.8% of Act Two Investors LLC's investment portfolio, making the stock its 11th biggest holding. Act Two Investors LLC owned about 0.38% of SLM at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new position in SLM in the 3rd quarter worth approximately $69,000. EverSource Wealth Advisors LLC raised its holdings in shares of SLM by 19.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider's stock worth $66,000 after acquiring an additional 501 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of SLM during the 1st quarter worth $263,000. GAMMA Investing LLC boosted its position in shares of SLM by 26.4% during the 2nd 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. Finally, NewEdge Advisors LLC boosted its position in shares of SLM by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider's stock valued at $627,000 after acquiring an additional 1,319 shares during the last quarter. Hedge funds and other institutional investors own 98.94% of the company's stock.

Wall Street Analysts Forecast Growth

SLM has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of SLM from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, June 18th. Wells Fargo & Company set a $28.00 price objective on SLM in a report on Friday, July 24th. JPMorgan Chase & Co. increased their price objective on SLM from $24.00 to $25.00 and gave the stock an "underweight" rating in a research report on Monday, July 13th. Barclays reissued an "equal weight" rating and set a $26.00 target price (down from $30.00) on shares of SLM in a research note on Tuesday, July 7th. Finally, Wall Street Zen downgraded SLM from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. 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, SLM currently has a consensus rating of "Hold" and an average price target of $29.80.

SLM Stock Down 1.5%

Shares of NASDAQ:SLM opened at $26.87 on Wednesday. The firm has a market capitalization of $5.05 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96. SLM Corporation has a 1 year low of $17.77 and a 1 year high of $32.07. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.33 and a quick ratio of 1.32. The firm's 50-day moving average is $25.22 and its two-hundred day moving average is $23.27.

SLM (NASDAQ:SLM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $401.11 million during the quarter, compared to analysts' expectations of $409.22 million. SLM had a net margin of 26.09% and a return on equity of 33.81%. The company'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 EPS. 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 year.

SLM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.9%. SLM's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source