35,296 Shares in SLM Corporation $SLM Acquired by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in shares of SLM Corporation (NASDAQ:SLM) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 35,296 shares of the credit services provider’s stock, valued at approximately $916,000.

Several other large investors have also recently bought and sold shares of SLM. NewEdge Advisors LLC grew its holdings in shares of SLM by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider’s stock valued at $627,000 after buying an additional 1,319 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in SLM during the first quarter worth about $263,000. Goldman Sachs Group Inc. grew its stake in SLM by 33.4% in the first quarter. Goldman Sachs Group Inc. now owns 547,724 shares of the credit services provider’s stock valued at $16,087,000 after acquiring an additional 137,285 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of SLM by 118.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,995 shares of the credit services provider’s stock worth $131,000 after acquiring an additional 2,164 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of SLM by 6.1% in the second quarter. Captrust Financial Advisors now owns 36,889 shares of the credit services provider’s stock worth $1,210,000 after acquiring an additional 2,109 shares in the last quarter. Institutional investors own 98.94% of the company’s stock.

Wall Street Analyst Weigh In

SLM has been the topic of several recent analyst reports. Wall Street Zen cut SLM from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Wells Fargo & Company set a $28.00 price target on shares of SLM in a report on Friday, July 24th. Barclays reaffirmed an “equal weight” rating and issued a $26.00 price objective (down from $30.00) on shares of SLM in a research report on Tuesday, July 7th. Weiss Ratings raised shares of SLM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. Finally, Morgan Stanley increased their target price on SLM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $29.80.

SLM Price Performance

NASDAQ SLM opened at $27.08 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 2.63. SLM Corporation has a 12-month low of $17.77 and a 12-month high of $32.02. The company has a market capitalization of $5.09 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96. The firm’s 50 day moving average is $26.10 and its 200-day moving average is $23.28.

SLM (NASDAQ:SLM) last issued its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $0.29 EPS for the quarter, missing the consensus estimate 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%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company posted $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Equities research analysts anticipate that SLM Corporation will post 3.12 earnings per share for the current fiscal year.

SLM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 1.9%. SLM’s dividend payout ratio 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.