State of Wyoming Makes New $1.38 Million Investment in SLM Corporation $SLM

Key Points

• Wyoming purchased a new $1.38 million stake in SLM Corporation, buying 52,994 shares during the second quarter. Institutional investors collectively own 98.94% of the company, with several other funds also increasing their positions.
• SLM reported quarterly earnings of $0.29 per share, below the $0.46 analyst consensus, while revenue of $401.1 million also missed expectations and declined 0.7% year over year. The company issued fiscal 2026 EPS guidance of $3.10–$3.20.
• SLM declared a quarterly dividend of $0.13 per share, equivalent to $0.52 annually and a 1.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $29.80.

State of Wyoming bought a new stake in shares of SLM Corporation (NASDAQ:SLM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 52,994 shares of the credit services provider's stock, valued at approximately $1,375,000.

A number of other hedge funds also recently modified their holdings of the business. Handelsbanken Fonder AB grew its holdings in shares of SLM by 16.1% during the second quarter. Handelsbanken Fonder AB now owns 56,179 shares of the credit services provider's stock valued at $1,457,000 after buying an additional 7,800 shares in the last quarter. GAMMA Investing LLC lifted its stake in SLM by 26.4% in the 2nd quarter. GAMMA Investing LLC now owns 11,579 shares of the credit services provider's stock worth $300,000 after acquiring an additional 2,417 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in SLM by 19.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider's stock worth $66,000 after acquiring an additional 501 shares during the period. Entropy Technologies LP boosted its position in SLM by 146.1% during the 1st quarter. Entropy Technologies LP now owns 44,570 shares of the credit services provider's stock worth $954,000 after acquiring an additional 26,460 shares during the period. Finally, SG Americas Securities LLC boosted its position in SLM by 63.1% during the 1st quarter. SG Americas Securities LLC now owns 261,392 shares of the credit services provider's stock worth $5,596,000 after acquiring an additional 101,120 shares during the period. Hedge funds and other institutional investors own 98.94% of the company's stock.

SLM Stock Performance

Shares of NASDAQ SLM opened at $28.03 on Friday. 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 $33.01. The business's 50-day moving average price is $25.04 and its two-hundred day moving average price is $23.30. The company has a market capitalization of $5.27 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96.

SLM (NASDAQ:SLM - Get Free Report) last posted 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). The firm had revenue of $401.11 million for the quarter, compared to analysts' expectations of $409.22 million. SLM had a return on equity of 33.81% and a net margin of 26.09%.The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the business earned $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Analysts anticipate that SLM Corporation will post 3.12 earnings per share for the current fiscal year.

SLM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be issued 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 1.9%. SLM's dividend payout ratio is currently 14.53%.

Wall Street Analysts Forecast Growth

SLM has been the topic of a number of research reports. Wall Street Zen downgraded SLM from a "hold" rating to a "sell" rating in a report on Saturday, July 25th. Zacks Research cut shares of SLM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Morgan Stanley boosted 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. Barclays reiterated an "equal weight" rating and issued a $26.00 price objective (down from $30.00) on shares of SLM in a research note on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $29.80.

About SLM

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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