Barrow Hanley Mewhinney & Strauss LLC bought a new stake in SLM Corporation (NASDAQ:SLM - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 6,520,274 shares of the credit services provider's stock, valued at approximately $169,136,000. Barrow Hanley Mewhinney & Strauss LLC owned about 3.47% of SLM at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in SLM by 6.6% during the first 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 period. Dynamic Technology Lab Private Ltd bought a new stake in SLM during the 1st quarter valued at approximately $263,000. Goldman Sachs Group Inc. grew its holdings in SLM by 33.4% in the 1st 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. EverSource Wealth Advisors LLC grew its holdings in SLM by 118.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,995 shares of the credit services provider's stock valued at $131,000 after buying an additional 2,164 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in SLM by 6.1% in the 2nd quarter. Captrust Financial Advisors now owns 36,889 shares of the credit services provider's stock worth $1,210,000 after buying an additional 2,109 shares during the period. 98.94% of the stock is currently owned by institutional investors and hedge funds.
SLM Price Performance
Shares of SLM opened at $26.46 on Monday. 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 company has a 50-day moving average price of $25.48 and a two-hundred day moving average price of $23.26. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 7.39, a P/E/G ratio of 2.30 and a beta of 0.96. SLM Corporation has a 12 month low of $17.77 and a 12 month high of $32.07.
SLM (NASDAQ:SLM - Get Free Report) last issued its earnings results on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.17). The company had revenue of $401.11 million during the quarter, compared to analyst estimates of $409.22 million. SLM had a return on equity of 33.81% and a net margin of 26.09%.The company's quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Equities analysts predict that SLM Corporation will post 3.12 EPS for the current fiscal year.
SLM Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a $0.13 dividend. 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%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on SLM. Wells Fargo & Company set a $28.00 price objective on SLM in a research report on Friday, July 24th. JPMorgan Chase & Co. increased their price target on shares of SLM from $24.00 to $25.00 and gave the company an "underweight" rating in a report on Monday, July 13th. Wall Street Zen lowered shares of SLM from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Morgan Stanley upped their price objective 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. Finally, Weiss Ratings raised SLM from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $29.80.
Get Our Latest Research Report on SLM
About SLM
(
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.
See Also
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