Baxter Bros Inc. Takes $1.68 Million Position in SLM Corporation $SLM

Key Points

• Baxter Bros Inc. acquired 64,570 SLM shares during the second quarter, worth approximately $1.68 million. Institutional investors collectively own 98.94% of the company.
• SLM reported quarterly EPS of $0.29, below the $0.46 analyst consensus, while revenue fell 0.7% year over year to $401.11 million. The company issued fiscal 2026 EPS guidance of $3.10–$3.20.
• SLM shares opened at $28.03, and analysts maintain an average “Hold” rating with a $29.80 price target. The company also declared a quarterly dividend of $0.13 per share, implying a 1.9% annual yield.

Baxter Bros Inc. purchased a new position in SLM Corporation (NASDAQ:SLM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 64,570 shares of the credit services provider's stock, valued at approximately $1,675,000.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in shares of SLM in the 2nd quarter valued at approximately $39,251,000. Goldman Sachs Group Inc. raised its holdings in SLM by 33.4% during 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 period. SG Americas Securities LLC lifted its position in SLM by 63.1% in the first quarter. SG Americas Securities LLC now owns 261,392 shares of the credit services provider's stock worth $5,596,000 after buying an additional 101,120 shares during the last quarter. Entropy Technologies LP lifted its position in SLM by 616.6% in the third quarter. Entropy Technologies LP now owns 109,485 shares of the credit services provider's stock worth $3,031,000 after buying an additional 94,207 shares during the last quarter. Finally, State of Wyoming purchased a new position in SLM during the second quarter worth $1,375,000. 98.94% of the stock is owned by institutional investors.

SLM Price Performance

Shares of SLM opened at $28.03 on Monday. The firm has a market capitalization of $5.27 billion, a P/E ratio of 7.83, a P/E/G ratio of 2.43 and a beta of 0.96. SLM Corporation has a 12-month low of $17.77 and a 12-month high of $33.01. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 2.63. The firm has a fifty day moving average price of $25.04 and a 200-day moving average price of $23.27.

SLM (NASDAQ:SLM - Get Free Report) last posted 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). The company had revenue of $401.11 million during the quarter, compared to the consensus estimate of $409.22 million. SLM had a return on equity of 33.81% and a net margin of 26.09%.The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter 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 research analysts expect that SLM Corporation will post 3.12 earnings per share for the current year.

SLM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, September 4th. SLM's dividend payout ratio is currently 14.53%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays reiterated 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. JPMorgan Chase & Co. lifted 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. Morgan Stanley lifted their price target on shares of SLM from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Monday, July 20th. 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 report on Friday, July 10th. Finally, Weiss Ratings raised shares of SLM from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, SLM presently has an average rating of "Hold" and an average price target of $29.80.

SLM Company 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.

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