Jupiter Topco LLC Makes New Investment in SLM Corporation $SLM

Jupiter Topco LLC acquired a new position in SLM Corporation (NASDAQ:SLM) in the 2nd quarter, HoldingsChannel reports. The fund acquired 86,323 shares of the credit services provider’s stock, valued at approximately $2,236,000.

Several other large investors have also modified their holdings of the business. Allworth Financial LP bought a new position in shares of SLM during the second quarter valued at approximately $55,000. Triumph Capital Management purchased a new stake in shares of SLM in the third quarter worth approximately $69,000. EverSource Wealth Advisors LLC lifted its stake in shares of SLM by 19.4% during the 1st 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 last quarter. Sanctuary Advisors LLC bought a new stake in shares of SLM during the 2nd quarter worth approximately $231,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in SLM during the 1st quarter valued at $263,000. Hedge funds and other institutional investors own 98.94% of the company’s stock.

SLM Trading Down 0.1%

NASDAQ SLM opened at $26.49 on Friday. 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 company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96. The company’s 50-day simple moving average is $26.07 and its two-hundred day simple moving average is $23.25. SLM Corporation has a one year low of $17.77 and a one year high of $32.02.

SLM (NASDAQ:SLM) last announced its quarterly 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 return on equity of 33.81% and a net margin of 26.09%.The business 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 EPS. SLM’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. Equities analysts forecast that SLM Corporation will post 3.12 EPS for the current fiscal year.

SLM Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SLM shares. JPMorgan Chase & Co. increased their target price on SLM from $24.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, July 13th. Barclays reissued an “equal weight” rating and set a $26.00 target price (down from $30.00) on shares of SLM in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of SLM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Royal Bank Of Canada raised their price target on shares of SLM from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Finally, Wells Fargo & Company set a $28.00 price objective on shares of SLM in a report on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.