Shikiar Asset Management Inc. Sells 12,483 Shares of SLM Co. $SLMBP

Posted by Amy Steele on Jul 1st, 2026

Shikiar Asset Management Inc. trimmed its holdings in shares of SLM Co. (NASDAQ:SLMBP – Free Report) by 14.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,750 shares of the company’s stock after selling 12,483 shares during the period. SLM makes up about 1.6% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 18th largest holding. Shikiar Asset Management Inc.’s holdings in SLM were worth $5,556,000 at the end of the most recent quarter.

SLM Stock Down 0.6%

NASDAQ SLMBP opened at $73.90 on Wednesday. SLM Co. has a 52 week low of $70.58 and a 52 week high of $83.05. The company has a 50-day moving average price of $74.76 and a 200-day moving average price of $74.60.

SLM Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were given a dividend of $1.4269 per share. This represents a $5.71 annualized dividend and a yield of 7.7%. The ex-dividend date was Thursday, June 4th.

Wall Street Analyst Weigh In

Separately, Bank of America reaffirmed a “buy” rating on shares of SLM in a report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.00.

View Our Latest Research Report on SLMBP

About SLM

(Free Report)

SLM Corporation, doing business as Sallie Mae, is a U.S.-based provider of private student loans, servicing, and banking products. The company specializes in originating and servicing education loans for undergraduate, graduate and professional students, as well as career and technical training programs. In addition to its core student lending business, Sallie Mae offers deposit products, credit cards and digital tools designed to help customers manage personal finances and plan for higher-education expenses.

Sallie Mae’s product suite includes fixed- and variable-rate private student loans, graduate student loans, parent loans and career training loans.