NewEdge Wealth LLC Invests $1.16 Million in SLM Corporation $SLM

NewEdge Wealth LLC acquired a new position in shares of SLM Corporation (NASDAQ:SLM) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 44,741 shares of the credit services provider’s stock, valued at approximately $1,161,000.

Several other large investors have also bought and sold shares of SLM. EverSource Wealth Advisors LLC grew its position in SLM by 19.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider’s stock valued at $66,000 after acquiring an additional 501 shares during the last quarter. Triumph Capital Management bought a new position in shares of SLM in the third quarter worth about $69,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of SLM in the 1st quarter valued at approximately $263,000. GAMMA Investing LLC grew 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 purchasing an additional 2,417 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in SLM by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider’s stock worth $627,000 after purchasing an additional 1,319 shares in the last quarter. 98.94% of the stock is owned by institutional investors and hedge funds.

SLM Stock Performance

Shares of SLM opened at $26.46 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $4.97 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 2.25 and a beta of 0.96. The firm’s fifty day simple moving average is $25.48 and its two-hundred day simple moving average is $23.28. SLM Corporation has a 12 month low of $17.77 and a 12 month high of $32.07.

SLM (NASDAQ:SLM) last issued its 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 business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. As a group, analysts predict that SLM Corporation will post 3.12 EPS for the current year.

SLM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 2.0%. SLM’s dividend payout ratio (DPR) is presently 14.53%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SLM. Wall Street Zen cut shares of SLM from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded SLM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Barclays reaffirmed an “equal weight” rating and issued a $26.00 target price (down from $30.00) on shares of SLM in a report on Tuesday, July 7th. 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. Finally, JPMorgan Chase & Co. boosted their price target on SLM from $24.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, July 13th. Five 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.