86,323 Shares in SLM Corporation $SLM Acquired by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 86,323 shares of SLM Corporation during the second quarter, valued at approximately $2.24 million. Institutional investors collectively own 98.94% of SLM’s outstanding stock.
• Analysts have a generally neutral outlook, with five Buy, six Hold, and one Sell rating; the consensus rating is Hold with a $29.80 price target.
• SLM reported quarterly EPS of $0.29, below the $0.46 consensus estimate, while revenue of $401.11 million also missed expectations. The company declared a quarterly dividend of $0.13 per share, representing a 2.0% annualized yield.

Jupiter Topco LLC purchased a new position in SLM Corporation (NASDAQ:SLM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 86,323 shares of the credit services provider's stock, valued at approximately $2,236,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of SLM in the second quarter worth $455,576,000. PDT Partners LLC bought a new position in shares of SLM during the second quarter worth $5,261,000. State of Wyoming bought a new position in shares of SLM during the second quarter worth $1,375,000. Act Two Investors LLC purchased a new position in SLM during the second quarter valued at $18,593,000. Finally, Baxter Bros Inc. purchased a new position in SLM during the second quarter valued at $1,675,000. 98.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SLM. JPMorgan Chase & Co. boosted their price target on shares of SLM from $24.00 to $25.00 and gave the stock an "underweight" rating in a research note on Monday, July 13th. Wells Fargo & Company set a $28.00 price objective on shares of SLM in a report on Friday, July 24th. Barclays restated an "equal weight" rating and set a $26.00 price objective (down from $30.00) on shares of SLM in a research report on Tuesday, July 7th. Morgan Stanley boosted their target price on SLM from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Monday, July 20th. Finally, Zacks Research downgraded SLM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Five equities research 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 an average rating of "Hold" and a consensus price target of $29.80.

SLM Price Performance

Shares of SLM stock opened at $26.49 on Friday. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.32 and a current ratio of 1.33. The stock has a 50 day moving average price of $26.07 and a 200-day moving average price of $23.25. SLM Corporation has a one year low of $17.77 and a one year high of $32.02.

SLM (NASDAQ:SLM - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.17). The company had revenue of $401.11 million for 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 business's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 EPS. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Equities analysts expect that SLM Corporation will post 3.12 EPS for the current year.

SLM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 dividend on an annualized basis and a yield of 2.0%. SLM's payout ratio is 14.53%.

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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