EFG International AG Purchases New Position in SLM Corporation $SLM

EFG International AG purchased a new stake in shares of SLM Corporation (NASDAQ:SLM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 153,603 shares of the credit services provider’s stock, valued at approximately $3,979,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of SLM during the 2nd quarter worth approximately $455,576,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of SLM in the second quarter valued at $169,136,000. Bank of New York Mellon Corp bought a new stake in SLM in the second quarter worth $39,251,000. Act Two Investors LLC bought a new stake in SLM in the second quarter worth $18,593,000. Finally, Legal & General Group Plc purchased a new stake in SLM during the second quarter valued at $7,170,000. Institutional investors own 98.94% of the company’s stock.

SLM Price Performance

SLM stock opened at $26.78 on Thursday. The firm has a 50-day moving average price of $25.73 and a 200-day moving average price of $23.24. The firm has a market capitalization of $5.03 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 2.63. SLM Corporation has a 12-month low of $17.77 and a 12-month high of $32.07.

SLM (NASDAQ:SLM) last issued its quarterly 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 net margin of 26.09% and a return on equity of 33.81%. The firm had revenue of $401.11 million for the quarter, compared to the consensus estimate of $409.22 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. As a group, equities research analysts forecast that SLM Corporation will post 3.12 EPS for the current year.

SLM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, September 4th. SLM’s dividend payout ratio (DPR) is 14.53%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of SLM from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Morgan Stanley lifted their price target on SLM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. boosted their price objective on SLM from $24.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, July 13th. Zacks Research downgraded SLM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $26.00 price objective (down from $30.00) on shares of SLM in a research note on Tuesday, July 7th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.80.

SLM Company 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.