Man Group plc purchased a new stake in SLM Corporation (NASDAQ:SLM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 386,176 shares of the credit services provider's stock, valued at approximately $10,017,000. Man Group plc owned approximately 0.21% of SLM at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of SLM during the 2nd quarter worth about $455,576,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in SLM in the 2nd quarter valued at about $169,136,000. Bank of New York Mellon Corp bought a new stake in SLM in the 2nd quarter valued at about $39,251,000. Act Two Investors LLC acquired a new position in SLM during the 2nd quarter worth approximately $18,593,000. Finally, Legal & General Group Plc acquired a new position in SLM during the 2nd quarter worth approximately $7,170,000. Institutional investors and hedge funds own 98.94% of the company's stock.
Analyst Ratings Changes
SLM has been the subject of a number of research reports. Weiss Ratings raised SLM from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. upped their target price on SLM from $24.00 to $25.00 and gave the stock an "underweight" rating in a research report on Monday, July 13th. Royal Bank Of Canada lifted their price target on shares of SLM from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Friday, July 10th. Zacks Research lowered shares of SLM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of SLM from a "hold" rating to a "sell" rating in a report on Saturday, July 25th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $29.80.
Get Our Latest Analysis on SLM
SLM Stock Down 1.3%
SLM opened at $26.41 on Friday. SLM Corporation has a fifty-two week low of $17.77 and a fifty-two week high of $32.02. The firm has a market capitalization of $4.96 billion, a P/E ratio of 7.38, a PEG ratio of 2.33 and a beta of 0.96. The company's 50-day moving average is $25.87 and its 200 day moving average is $23.26. 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 (NASDAQ:SLM - Get Free Report) last issued its quarterly earnings data 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 firm 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 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. Research analysts expect that SLM Corporation will post 3.12 earnings per share for the current fiscal year.
SLM Dividend Announcement
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 issued a $0.13 dividend. 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 is currently 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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