PDT Partners LLC Acquires Shares of 202,823 SLM Corporation $SLM

PDT Partners LLC acquired a new position in shares of SLM Corporation (NASDAQ:SLM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 202,823 shares of the credit services provider’s stock, valued at approximately $5,261,000. PDT Partners LLC owned about 0.11% of SLM as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of SLM in the 2nd quarter valued at about $455,576,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of SLM in the 2nd quarter valued at about $169,136,000. Bank of New York Mellon Corp purchased a new position in SLM during the 2nd quarter worth approximately $39,251,000. Act Two Investors LLC purchased a new position in SLM during the 2nd quarter worth approximately $18,593,000. Finally, Goldman Sachs Group Inc. increased its position in SLM by 33.4% during the first quarter. Goldman Sachs Group Inc. now owns 547,724 shares of the credit services provider’s stock worth $16,087,000 after buying an additional 137,285 shares during the period. Institutional investors and hedge funds own 98.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SLM. Barclays reissued 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. Weiss Ratings upgraded shares of SLM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Wall Street Zen downgraded shares of SLM from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. JPMorgan Chase & Co. increased their price target on shares of SLM from $24.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, July 13th. Finally, Morgan Stanley raised their price objective on shares of SLM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $29.80.

SLM Stock Up 0.5%

Shares of SLM stock opened at $26.47 on Wednesday. SLM Corporation has a one year low of $17.77 and a one year high of $32.07. The company has a market cap of $4.98 billion, a P/E ratio of 7.39, a PEG ratio of 2.29 and a beta of 0.96. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.32 and a current ratio of 1.33. The firm has a fifty day moving average of $25.65 and a two-hundred day moving average of $23.24.

SLM (NASDAQ:SLM) last issued its earnings results on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.17). SLM had a net margin of 26.09% and a return on equity of 33.81%. The firm had revenue of $401.11 million during the quarter, compared to analysts’ expectations of $409.22 million. During the same period in the previous year, the firm earned $0.32 EPS. The firm’s revenue was down .7% on a year-over-year basis. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. On average, analysts forecast that SLM Corporation will post 3.12 earnings per share for the current year.

SLM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. SLM’s payout ratio is currently 14.53%.

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.