Quantbot Technologies LP Acquires New Shares in SLM Corporation $SLM

Quantbot Technologies LP acquired a new position in SLM Corporation (NASDAQ:SLM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 69,041 shares of the credit services provider’s stock, valued at approximately $1,791,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State of Wyoming purchased a new position in SLM during the 2nd quarter valued at about $1,375,000. Baxter Bros Inc. purchased a new stake in shares of SLM in the 2nd quarter worth approximately $1,675,000. Act Two Investors LLC purchased a new stake in shares of SLM in the 2nd quarter worth approximately $18,593,000. NewEdge Wealth LLC purchased a new position in SLM during the second quarter valued at approximately $1,161,000. Finally, Landscape Capital Management L.L.C. purchased a new position in SLM during the second quarter valued at approximately $1,681,000. 98.94% of the stock is currently owned by institutional investors.

SLM Price Performance

Shares of SLM opened at $26.34 on Tuesday. The company has a 50 day moving average of $25.57 and a two-hundred day moving average of $23.25. 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 Corporation has a twelve month low of $17.77 and a twelve month high of $32.07. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96.

SLM (NASDAQ:SLM) last issued 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 business had revenue of $401.11 million for the quarter, compared to analyst estimates of $409.22 million. During the same period 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, analysts predict that SLM Corporation will post 3.12 earnings per share for the current fiscal year.

SLM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. SLM’s dividend payout ratio is currently 14.53%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SLM shares. Weiss Ratings upgraded SLM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Barclays reissued an “equal weight” rating and issued a $26.00 price target (down from $30.00) on shares of SLM in a research report on Tuesday, July 7th. Wells Fargo & Company set a $28.00 price objective on SLM in a research note on Friday, July 24th. Royal Bank Of Canada raised their price objective on SLM from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Finally, Wall Street Zen downgraded shares of SLM from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, SLM presently has an average rating of “Hold” and a consensus price target 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.