Engineers Gate Manager LP Trims Holdings in SLM Corporation $SLM

Key Points

• Engineers Gate Manager LP cut its SLM stake by 50.2% in the second quarter, selling 59,945 shares and retaining 59,445 shares valued at approximately $1.54 million. Institutional investors and hedge funds collectively own 98.94% of SLM.
• SLM reported quarterly EPS of $0.29, below the $0.46 consensus estimate, while revenue of $401.1 million also missed expectations and declined 0.7% year over year. The company guided to fiscal 2026 EPS of $3.10–$3.20.
• Shares opened at $25.28, down 3.3%, while analysts maintain a consensus “Hold” rating with an average price target of $29.80. SLM also declared a quarterly dividend of $0.13 per share, representing a 2.1% annualized yield.

Engineers Gate Manager LP lowered its stake in shares of SLM Corporation (NASDAQ:SLM - Free Report) by 50.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,445 shares of the credit services provider's stock after selling 59,945 shares during the period. Engineers Gate Manager LP's holdings in SLM were worth $1,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of SLM in the second quarter valued at about $215,000. Allworth Financial LP raised its stake in SLM by 202.3% during the second quarter. Allworth Financial LP now owns 2,116 shares of the credit services provider's stock worth $55,000 after purchasing an additional 1,416 shares during the period. Nykredit A S acquired a new position in SLM in the 2nd quarter valued at about $77,000. Parkside Financial Bank & Trust boosted its holdings in SLM by 738.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,077 shares of the credit services provider's stock valued at $106,000 after purchasing an additional 3,591 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of SLM in the 2nd quarter valued at approximately $4,184,000. 98.94% of the stock is owned by institutional investors and hedge funds.

SLM Trading Down 3.3%

SLM opened at $25.28 on Thursday. SLM Corporation has a 52 week low of $17.77 and a 52 week high of $31.06. 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 business has a fifty day simple moving average of $26.21 and a 200-day simple moving average of $23.51. The firm has a market cap of $4.75 billion, a P/E ratio of 7.06, a P/E/G ratio of 2.27 and a beta of 0.96.

SLM (NASDAQ:SLM - Get Free Report) last posted its quarterly earnings data 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). SLM had a net margin of 26.09% and a return on equity of 33.81%. The firm had revenue of $401.11 million during the quarter, compared to analysts' expectations of $409.22 million. During the same quarter in the prior year, the firm posted $0.32 EPS. SLM's quarterly 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 expect that SLM Corporation will post 3.12 earnings per share for the current year.

SLM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, September 4th. SLM's dividend payout ratio is currently 14.53%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of SLM from $27.00 to $28.00 and gave the stock an "equal weight" rating in a report on Monday, July 20th. Wall Street Zen cut SLM from a "hold" rating to a "sell" rating in a report on Saturday, July 25th. Royal Bank Of Canada increased their price objective on SLM from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Friday, July 10th. JPMorgan Chase & Co. raised their target price on SLM from $24.00 to $25.00 and gave the stock an "underweight" rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised SLM from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, June 18th. Five investment 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 MarketBeat.com, SLM presently has a consensus rating of "Hold" and an average target price of $29.80.

SLM Profile

SLM Corporation, commonly known as Sallie Mae, is a U.S.-based education finance company that provides private education loans to undergraduate and graduate students, as well as to parents and other borrowers. Its lending products are designed to help cover tuition, fees, housing, books and other qualified education expenses not fully met by federal financial aid or other funding sources.

Through Sallie Mae Bank, the company also offers consumer deposit products, including savings accounts, certificates of deposit and money market accounts.

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