SG Americas Securities LLC Increases Stock Position in SLM Corporation $SLM

SG Americas Securities LLC boosted its position in SLM Corporation (NASDAQ:SLM) by 63.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 261,392 shares of the credit services provider’s stock after acquiring an additional 101,120 shares during the period. SG Americas Securities LLC owned 0.13% of SLM worth $5,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Triumph Capital Management bought a new stake in shares of SLM in the third quarter worth about $69,000. EverSource Wealth Advisors LLC lifted its holdings in SLM by 118.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,995 shares of the credit services provider’s stock worth $131,000 after buying an additional 2,164 shares during the period. GAMMA Investing LLC lifted its holdings in SLM by 9.6% in the 4th quarter. GAMMA Investing LLC now owns 7,649 shares of the credit services provider’s stock worth $207,000 after buying an additional 669 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of SLM in the 1st quarter worth approximately $263,000. Finally, NewEdge Advisors LLC grew its position in shares of SLM by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider’s stock worth $627,000 after buying an additional 1,319 shares during the last quarter. Hedge funds and other institutional investors own 98.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on SLM from $26.00 to $22.00 and set an “underweight” rating for the company in a report on Thursday, April 9th. Zacks Research cut shares of SLM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Royal Bank Of Canada set a $28.00 price objective on shares of SLM in a research report on Friday, April 10th. Barclays upped their price objective on shares of SLM from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Wells Fargo & Company cut their target price on shares of SLM from $32.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.80.

SLM Price Performance

Shares of SLM stock opened at $25.45 on Monday. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 2.33 and a beta of 0.98. The business’s fifty day moving average is $22.53 and its 200 day moving average is $23.58. SLM Corporation has a twelve month low of $17.77 and a twelve month high of $34.97. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.59.

SLM (NASDAQ:SLM) last announced its quarterly earnings data on Thursday, April 23rd. The credit services provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.14 by $0.40. SLM had a return on equity of 34.80% and a net margin of 26.42%.The business had revenue of $559.99 million during the quarter, compared to analyst estimates of $486.05 million. During the same quarter last year, the firm posted $1.40 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Research analysts expect that SLM Corporation will post 3.14 EPS for the current fiscal year.

SLM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were given 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 was Thursday, June 4th. SLM’s dividend payout ratio (DPR) is 14.40%.

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.