The Manufacturers Life Insurance Company Invests $3.35 Million in SLM Corporation $SLM

The Manufacturers Life Insurance Company bought a new stake in shares of SLM Corporation (NASDAQ:SLM) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 129,101 shares of the credit services provider’s stock, valued at approximately $3,349,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in SLM in the second quarter valued at about $55,000. Triumph Capital Management bought a new position in SLM during the third quarter worth about $69,000. EverSource Wealth Advisors LLC boosted its holdings in SLM by 19.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider’s stock valued at $66,000 after purchasing an additional 501 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in SLM during the second quarter valued at approximately $231,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of SLM in the 1st quarter valued at approximately $263,000. Institutional investors own 98.94% of the company’s stock.

SLM Trading Down 0.8%

Shares of NASDAQ SLM opened at $25.77 on Wednesday. SLM Corporation has a 1-year low of $17.77 and a 1-year high of $32.02. The company has a 50-day moving average of $25.98 and a two-hundred day moving average of $23.22. The company has a market cap of $4.84 billion, a PE ratio of 7.20, a P/E/G ratio of 2.26 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 (NASDAQ:SLM) last issued its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.17). SLM had a net margin of 26.09% and a return on equity of 33.81%. The company had revenue of $401.11 million during the quarter, compared to analyst estimates of $409.22 million. During the same period in the prior year, the business earned $0.32 EPS. 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 analysts expect that SLM Corporation will post 3.12 earnings per share for the current fiscal year.

SLM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. SLM’s dividend payout ratio (DPR) is 14.53%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SLM shares. Barclays reissued an “equal weight” rating and issued a $26.00 target price (down from $30.00) on shares of SLM in a report on Tuesday, July 7th. Zacks Research lowered SLM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Morgan Stanley upped their price target on SLM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Royal Bank Of Canada increased their price objective on SLM from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Finally, Wall Street Zen cut SLM from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.