Tidal Investments LLC Has $12.91 Million Stock Holdings in SLM Corporation $SLM

Tidal Investments LLC increased its position in SLM Corporation (NASDAQ:SLM) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 497,731 shares of the credit services provider’s stock after purchasing an additional 26,026 shares during the quarter. Tidal Investments LLC owned approximately 0.26% of SLM worth $12,911,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SLM. BlackRock Inc. acquired a new position in SLM during the second quarter worth approximately $455,576,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of SLM in the second quarter valued at approximately $169,136,000. California State Teachers Retirement System lifted its position in shares of SLM by 2,413.3% in the second quarter. California State Teachers Retirement System now owns 5,691,210 shares of the credit services provider’s stock valued at $147,630,000 after buying an additional 5,464,767 shares during the last quarter. Azora Capital LP bought a new position in shares of SLM during the 2nd quarter worth approximately $97,917,000. Finally, Bank of New York Mellon Corp bought a new position in shares of SLM during the 2nd quarter worth approximately $39,251,000. 98.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SLM has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $28.00 target price on SLM in a report on Friday, July 24th. Weiss Ratings raised shares of SLM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Barclays reiterated an “equal weight” rating and issued a $26.00 price objective (down from $30.00) on shares of SLM in a report on Tuesday, July 7th. JPMorgan Chase & Co. increased their price objective on shares of SLM from $24.00 to $25.00 and gave the company an “underweight” rating in a research report on Monday, July 13th. Finally, Morgan Stanley raised their target price on shares of SLM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.80.

SLM Stock Performance

Shares of NASDAQ:SLM opened at $26.04 on Friday. The company’s 50 day moving average price is $26.15 and its two-hundred day moving average price is $23.37. SLM Corporation has a 12-month low of $17.77 and a 12-month high of $31.06. The firm has a market cap of $4.89 billion, a PE ratio of 7.27, a PEG ratio of 2.22 and a beta of 0.96. 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 (NASDAQ:SLM) last announced its 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). 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 the consensus estimate of $409.22 million. During the same period in the prior year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, September 4th. SLM’s dividend payout ratio (DPR) is 14.53%.

SLM Profile

SLM Corporation, commonly known as Sallie Mae, is a U.S.-based education finance company that provides private education loans to undergraduate and graduate students, as well as to parents and other borrowers. Its lending products are designed to help cover tuition, fees, housing, books and other qualified education expenses not fully met by federal financial aid or other funding sources.

Through Sallie Mae Bank, the company also offers consumer deposit products, including savings accounts, certificates of deposit and money market accounts.