Capstone Investment Advisors LLC Makes New $528,000 Investment in SLM Corporation $SLM

Capstone Investment Advisors LLC purchased a new stake in SLM Corporation (NASDAQ:SLM) during the 2nd quarter, HoldingsChannel reports. The firm purchased 20,360 shares of the credit services provider’s stock, valued at approximately $528,000.

A number of other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its position 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 purchasing an additional 501 shares during the last quarter. NewEdge Advisors LLC grew its holdings in SLM by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider’s stock valued at $627,000 after buying an additional 1,319 shares during the last quarter. Captrust Financial Advisors increased its position in SLM by 6.1% in the 2nd quarter. Captrust Financial Advisors now owns 36,889 shares of the credit services provider’s stock worth $1,210,000 after buying an additional 2,109 shares during the period. Allworth Financial LP acquired a new position in shares of SLM during the second quarter worth approximately $55,000. Finally, GAMMA Investing LLC lifted its holdings in shares of SLM by 26.4% during the second quarter. GAMMA Investing LLC now owns 11,579 shares of the credit services provider’s stock worth $300,000 after buying an additional 2,417 shares during the last quarter. 98.94% of the stock is currently owned by institutional investors.

SLM Trading Down 1.3%

Shares of SLM stock opened at $26.41 on Friday. SLM Corporation has a 52-week low of $17.77 and a 52-week high of $32.02. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 2.33 and a beta of 0.96. 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 firm has a fifty day moving average of $25.87 and a 200-day moving average of $23.26.

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

SLM Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on SLM. JPMorgan Chase & Co. raised their price objective on shares of SLM from $24.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, July 13th. Wells Fargo & Company set a $28.00 price target on shares of SLM in a report on Friday, July 24th. 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 report on Friday, July 10th. Barclays restated an “equal weight” rating and set a $26.00 price objective (down from $30.00) on shares of SLM in a report on Tuesday, July 7th. Finally, Zacks Research cut shares of SLM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Five equities 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $29.80.

About SLM

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.