Kendall Capital Management Takes $1.25 Million Position in SLM Corporation $SLM

Key Points

• Kendall Capital Management acquired 48,060 SLM shares worth approximately $1.25 million in the second quarter. Institutional investors collectively own 98.94% of the company, with several other funds also initiating or increasing positions.
• Analyst sentiment remains mixed: five analysts rate SLM a Buy, six a Hold and one a Sell, producing a consensus rating of Hold and an average price target of $29.80.
• SLM’s latest quarterly results fell short of expectations, with adjusted earnings of $0.29 per share and revenue of $401.1 million. The company declared a quarterly dividend of $0.13 per share, equivalent to a 2.0% annualized yield.

Kendall Capital Management purchased a new position in shares of SLM Corporation (NASDAQ:SLM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 48,060 shares of the credit services provider's stock, valued at approximately $1,247,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SLM. State of Wyoming bought a new stake in shares of SLM during the second quarter valued at approximately $1,375,000. Act Two Investors LLC acquired a new stake in SLM in the 2nd quarter valued at $18,593,000. Baxter Bros Inc. bought a new stake in SLM during the 2nd quarter valued at $1,675,000. NewEdge Wealth LLC acquired a new position in SLM during the second quarter worth $1,161,000. Finally, Entropy Technologies LP raised its holdings in SLM by 146.1% during the first quarter. Entropy Technologies LP now owns 44,570 shares of the credit services provider's stock worth $954,000 after buying an additional 26,460 shares during the last quarter. Institutional investors own 98.94% of the company's stock.

Wall Street Analysts Forecast Growth

SLM has been the subject of a number of analyst reports. Zacks Research cut shares of SLM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Morgan Stanley upped their target price 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. Royal Bank Of Canada lifted their price target on SLM from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Friday, July 10th. Weiss Ratings raised SLM from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, June 18th. Finally, Wells Fargo & Company set a $28.00 price objective on SLM in a research note on Friday, July 24th. Five equities 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, the company currently has an average rating of "Hold" and a consensus target price of $29.80.

SLM Stock Performance

Shares of SLM stock opened at $26.46 on Friday. The firm has a 50-day moving average of $25.48 and a 200-day moving average of $23.28. The company has a market cap of $4.97 billion, a P/E ratio of 7.39, a P/E/G ratio of 2.30 and a beta of 0.96. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.33 and a quick ratio of 1.32. SLM Corporation has a one year low of $17.77 and a one year high of $32.07.

SLM (NASDAQ:SLM - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share 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 firm had revenue of $401.11 million for the quarter, compared to the consensus estimate of $409.22 million. During the same period in the previous year, the business earned $0.32 earnings per share. The firm's revenue for the quarter was down .7% on a year-over-year basis. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Equities research analysts forecast that SLM Corporation will post 3.12 EPS for the current fiscal year.

SLM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 2.0%. SLM's dividend payout ratio (DPR) is currently 14.53%.

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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