64,811 Shares in SLM Corporation $SLM Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in shares of SLM Corporation (NASDAQ:SLM) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 64,811 shares of the credit services provider’s stock, valued at approximately $1,681,000.

Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in shares of SLM by 6.6% during the first 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 during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of SLM in the 1st quarter valued at about $263,000. Goldman Sachs Group Inc. lifted its holdings in shares of SLM by 33.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 547,724 shares of the credit services provider’s stock valued at $16,087,000 after purchasing an additional 137,285 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of SLM by 118.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,995 shares of the credit services provider’s stock valued at $131,000 after purchasing an additional 2,164 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of SLM by 6.1% in the 2nd quarter. Captrust Financial Advisors now owns 36,889 shares of the credit services provider’s stock valued at $1,210,000 after purchasing an additional 2,109 shares during the period. Hedge funds and other institutional investors own 98.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SLM shares. Weiss Ratings raised shares of SLM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Zacks Research downgraded shares of SLM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price objective on shares of SLM from $24.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, July 13th. Morgan Stanley lifted their price objective on shares of SLM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Finally, Wells Fargo & Company set a $28.00 target price on shares of SLM in a report on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $29.80.

SLM Trading Up 2.4%

NASDAQ:SLM opened at $26.46 on Friday. SLM Corporation has a 1 year low of $17.77 and a 1 year high of $32.07. 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 has a fifty day moving average price of $25.48 and a two-hundred day moving average price of $23.28. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 2.30 and a beta of 0.96.

SLM (NASDAQ:SLM) last posted its quarterly earnings results 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 company had revenue of $401.11 million for the quarter, compared to analyst estimates of $409.22 million. SLM had a net margin of 26.09% and a return on equity of 33.81%. SLM’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. As a group, sell-side analysts anticipate that SLM Corporation will post 3.12 earnings per share for the current fiscal year.

SLM Announces Dividend

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

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.