Azora Capital LP bought a new stake in SLM Corporation (NASDAQ:SLM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,774,739 shares of the credit services provider's stock, valued at approximately $97,917,000. SLM makes up approximately 4.1% of Azora Capital LP's holdings, making the stock its 6th largest holding. Azora Capital LP owned approximately 2.01% of SLM at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE bought a new position in shares of SLM in the 2nd quarter worth $37,268,000. Man Group plc acquired a new stake in SLM in the 2nd quarter valued at $10,017,000. Jupiter Topco LLC bought a new stake in SLM during the 2nd quarter valued at $2,236,000. Hsbc Holdings PLC bought a new stake in SLM during the 2nd quarter valued at $241,000. Finally, EFG International AG acquired a new position in SLM during the second quarter worth $3,979,000. 98.94% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of SLM from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Monday, July 20th. Royal Bank Of Canada upped their target price on shares of SLM from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. Wells Fargo & Company set a $28.00 price target on shares of SLM in a research report on Friday, July 24th. Barclays reiterated an "equal weight" rating and set a $26.00 price target (down from $30.00) on shares of SLM in a research note on Tuesday, July 7th. Finally, Zacks Research lowered SLM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $29.80.
Check Out Our Latest Research Report on SLM
SLM Price Performance
Shares of NASDAQ SLM opened at $26.78 on Thursday. The company has a market capitalization of $5.03 billion, a PE ratio of 7.48, a PEG ratio of 2.30 and a beta of 0.96. 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 stock's 50 day moving average price is $25.73 and its 200-day moving average price is $23.24. SLM Corporation has a twelve month low of $17.77 and a twelve month high of $32.07.
SLM (NASDAQ:SLM - Get Free Report) last issued 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). SLM had a net margin of 26.09% and a return on equity of 33.81%. The business had revenue of $401.11 million for the quarter, compared to analysts' expectations of $409.22 million. During the same period in the previous year, the business posted $0.32 earnings per share. The business's revenue was down .7% compared to the same quarter last year. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. On average, equities analysts anticipate that SLM Corporation will post 3.12 EPS for the current year.
SLM Announces Dividend
The firm 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 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, September 4th. SLM's payout ratio is presently 14.53%.
SLM Company Profile
(
Free Report)
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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