SG Americas Securities LLC Buys 101,120 Shares of SLM Corporation $SLM

SG Americas Securities LLC increased its stake in SLM Corporation (NASDAQ:SLM) by 63.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 261,392 shares of the credit services provider’s stock after buying an additional 101,120 shares during the quarter. SG Americas Securities LLC’s holdings in SLM were worth $5,596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new stake in shares of SLM in the third quarter worth $69,000. EverSource Wealth Advisors LLC increased its holdings in shares of SLM by 118.2% during the second 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 in the last quarter. GAMMA Investing LLC raised its position in shares of SLM by 9.6% in the 4th quarter. GAMMA Investing LLC now owns 7,649 shares of the credit services provider’s stock worth $207,000 after purchasing an additional 669 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of SLM in the 1st quarter worth about $263,000. Finally, NewEdge Advisors LLC boosted its stake in SLM by 6.6% in 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. Institutional investors own 98.94% of the company’s stock.

SLM Price Performance

Shares of SLM opened at $25.45 on Monday. The firm has a fifty day simple moving average of $22.53 and a two-hundred day simple moving average of $23.58. The firm has a market cap of $4.80 billion, a PE ratio of 7.05, a P/E/G ratio of 2.33 and a beta of 0.98. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.59. SLM Corporation has a 1-year low of $17.77 and a 1-year high of $34.97.

SLM (NASDAQ:SLM) last issued its quarterly earnings data on Thursday, April 23rd. The credit services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.14 by $0.40. The company had revenue of $559.99 million during the quarter, compared to analyst estimates of $486.05 million. SLM had a return on equity of 34.80% and a net margin of 26.42%.SLM’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. On average, equities analysts anticipate that SLM Corporation will post 3.14 EPS for the current year.

SLM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Thursday, June 4th. SLM’s payout ratio is currently 14.40%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SLM. Morgan Stanley set a $27.00 price objective on shares of SLM in a research note on Friday, April 24th. Weiss Ratings upgraded shares of SLM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. Barclays increased their price target on shares of SLM from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Zacks Research downgraded shares of SLM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Compass Point upgraded shares of SLM from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $22.00 in a report on Monday, March 30th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.80.

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.