Redmont Wealth Advisors LLC Purchases Shares of 34,345 SLM Corporation $SLM

Redmont Wealth Advisors LLC purchased a new position in shares of SLM Corporation (NASDAQ:SLM) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 34,345 shares of the credit services provider’s stock, valued at approximately $951,000. SLM accounts for 1.3% of Redmont Wealth Advisors LLC’s holdings, making the stock its 20th largest position.

A number of other institutional investors have also recently bought and sold shares of SLM. Quent Capital LLC acquired a new stake in shares of SLM in the third quarter valued at approximately $118,000. EverSource Wealth Advisors LLC raised its stake in 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 acquiring an additional 2,164 shares during the period. Arkadios Wealth Advisors lifted its holdings in SLM by 11.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 8,315 shares of the credit services provider’s stock valued at $230,000 after purchasing an additional 853 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in SLM during the first quarter worth $263,000. Finally, NewEdge Advisors LLC increased its holdings in shares of SLM by 6.6% in the first quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider’s stock valued at $627,000 after purchasing an additional 1,319 shares during the last quarter. Institutional investors and hedge funds own 98.94% of the company’s stock.

SLM Stock Performance

Shares of SLM stock opened at $23.90 on Thursday. The stock has a market cap of $4.85 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 3.59 and a beta of 1.14. SLM Corporation has a 1 year low of $23.81 and a 1 year high of $34.97. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 2.44. The stock has a 50 day simple moving average of $26.84 and a 200 day simple moving average of $28.09.

SLM (NASDAQ:SLM) last announced its quarterly earnings data on Thursday, January 22nd. The credit services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.17. The firm had revenue of $657.00 million during the quarter, compared to analysts’ expectations of $383.43 million. SLM had a return on equity of 34.79% and a net margin of 26.04%.During the same period in the previous year, the firm earned $0.50 EPS. SLM has set its FY 2026 guidance at 2.700-2.800 EPS. On average, research analysts predict that SLM Corporation will post 3.07 earnings per share for the current fiscal year.

SLM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.52 annualized dividend and a yield of 2.2%. SLM’s payout ratio is presently 14.99%.

Analyst Upgrades and Downgrades

SLM has been the topic of several research analyst reports. Wall Street Zen raised shares of SLM from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Zacks Research raised shares of SLM from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Royal Bank Of Canada boosted their price objective on SLM from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Compass Point downgraded SLM from a “buy” rating to a “sell” rating and decreased their target price for the company from $35.00 to $23.00 in a research report on Tuesday, December 9th. Finally, TD Cowen reissued a “buy” rating on shares of SLM in a report on Friday, December 5th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.60.

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.