Kendall Capital Management Takes $1.25 Million Position in SLM Corporation $SLM

Kendall Capital Management bought a new position in shares of SLM Corporation (NASDAQ:SLM) during the second quarter, Holdings Channel reports. The firm bought 48,060 shares of the credit services provider’s stock, valued at approximately $1,247,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP bought a new position in SLM during the second quarter valued at about $55,000. EverSource Wealth Advisors LLC raised its position in SLM by 19.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider’s stock worth $66,000 after acquiring an additional 501 shares during the period. Triumph Capital Management bought a new stake in SLM in the third quarter worth about $69,000. Dynamic Technology Lab Private Ltd bought a new stake in SLM in the first quarter worth about $263,000. Finally, Evolve Private Wealth LLC purchased a new position in SLM in the second quarter valued at about $289,000. 98.94% of the stock is owned by hedge funds and other institutional investors.

SLM Stock Up 2.4%

SLM stock opened at $26.46 on Friday. The stock has a 50-day simple moving average of $25.48 and a two-hundred day simple moving average of $23.28. SLM Corporation has a twelve month low of $17.77 and a twelve month high of $32.07. The firm has a market capitalization of $4.97 billion, a PE ratio of 7.39, a PEG ratio of 2.30 and a beta of 0.96. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 2.63.

SLM (NASDAQ:SLM) last announced its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.17). SLM had a return on equity of 33.81% and a net margin of 26.09%.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 company posted $0.32 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. On average, equities analysts predict that SLM Corporation will post 3.12 EPS for the current fiscal year.

SLM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be issued a dividend of $0.13 per share. 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 dividend payout ratio is 14.53%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SLM shares. Weiss Ratings raised shares of SLM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Zacks Research downgraded SLM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. upped their price objective on SLM from $24.00 to $25.00 and gave the company an “underweight” rating in a research note on Monday, July 13th. Wells Fargo & Company set a $28.00 price objective on SLM in a report on Friday, July 24th. Finally, Barclays restated an “equal weight” rating and issued a $26.00 target price (down from $30.00) on shares of SLM in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SLM has an average rating of “Hold” and an average target price of $29.80.

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.