Algert Global LLC Increases Stock Holdings in SLM Corporation $SLM

Key Points

• Algert Global increased its SLM stake by 113.3% in the second quarter, while several other major institutions initiated positions. Hedge funds and institutional investors now own 98.94% of the company.
• SLM reported quarterly EPS of $0.29, missing the $0.46 consensus estimate, while revenue declined 0.7% year over year to $401.11 million. Analysts expect full-year 2026 EPS of approximately $3.12.
• SLM declared a quarterly dividend of $0.13 per share, equivalent to a 1.9% annualized yield. Analyst sentiment remains mixed, with an average “Hold” rating and a consensus price target of $29.80.

Algert Global LLC boosted its holdings in shares of SLM Corporation (NASDAQ:SLM - Free Report) by 113.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,100 shares of the credit services provider's stock after buying an additional 121,160 shares during the period. Algert Global LLC owned approximately 0.12% of SLM worth $5,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in SLM in the 2nd quarter worth $455,576,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of SLM during the second quarter worth about $169,136,000. Bank of New York Mellon Corp acquired a new stake in shares of SLM during the second quarter worth about $39,251,000. Act Two Investors LLC purchased a new stake in SLM in the second quarter valued at approximately $18,593,000. Finally, Goldman Sachs Group Inc. boosted its position in 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 buying an additional 137,285 shares during the last quarter. 98.94% of the stock is currently owned by hedge funds and other institutional investors.

SLM Trading Down 0.0%

SLM stock opened at $26.77 on Friday. The firm has a market cap of $5.03 billion, a PE ratio of 7.48, a P/E/G ratio of 2.33 and a beta of 0.96. SLM Corporation has a 12 month low of $17.77 and a 12 month high of $32.02. The stock's 50 day simple moving average is $25.80 and its two-hundred day simple moving average is $23.23. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 2.63.

SLM (NASDAQ:SLM - Get Free Report) last posted its earnings results on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share (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 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Analysts anticipate that SLM Corporation will post 3.12 earnings per share for the current year.

SLM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. SLM's dividend payout ratio is presently 14.53%.

Analyst Ratings Changes

Several brokerages recently weighed in on SLM. Barclays reiterated an "equal weight" rating and issued a $26.00 price target (down from $30.00) on shares of SLM in a report on Tuesday, July 7th. Weiss Ratings raised shares of SLM from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, June 18th. Royal Bank Of Canada increased their price objective on shares of SLM from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Friday, July 10th. Wells Fargo & Company set a $28.00 price objective on shares of SLM in a research note on Friday, July 24th. Finally, Morgan Stanley boosted their target price on shares of SLM from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Monday, July 20th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, SLM presently has an average rating of "Hold" and a consensus target price of $29.80.

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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