State of Wyoming Takes Position in SLM Corporation $SLM

State of Wyoming acquired a new position in SLM Corporation (NASDAQ:SLM) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 52,994 shares of the credit services provider’s stock, valued at approximately $1,375,000.

Other hedge funds have also recently bought and sold shares of the company. Triumph Capital Management bought a new position in SLM during the third quarter valued at about $69,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of SLM during the 1st quarter worth about $263,000. GAMMA Investing LLC increased its holdings in shares of SLM by 26.4% during the 2nd quarter. GAMMA Investing LLC now owns 11,579 shares of the credit services provider’s stock valued at $300,000 after acquiring an additional 2,417 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of SLM by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider’s stock valued at $627,000 after acquiring an additional 1,319 shares during the last quarter. 98.94% of the stock is owned by institutional investors and hedge funds.

SLM Trading Up 1.0%

Shares of NASDAQ:SLM opened at $28.03 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.32 and a current ratio of 1.33. The stock’s 50-day moving average is $25.04 and its 200-day moving average is $23.30. The company has a market cap 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 52-week low of $17.77 and a 52-week high of $33.01.

SLM (NASDAQ:SLM) last posted its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.17). SLM had a return on equity of 33.81% and a net margin of 26.09%.The business had revenue of $401.11 million for the quarter, compared to analyst estimates of $409.22 million. During the same period in the prior year, the firm posted $0.32 EPS. SLM’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 predict 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 will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. SLM’s payout ratio is currently 14.53%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen downgraded SLM from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Weiss Ratings raised SLM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Wells Fargo & Company set a $28.00 price target on shares of SLM in a research report on Friday, July 24th. Zacks Research lowered shares of SLM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Barclays restated 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. Five 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 MarketBeat.com, SLM currently has an average rating of “Hold” and an average price target of $29.80.

SLM 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.