Redmont Wealth Advisors LLC Purchases Shares of 34,345 SLM Corporation $SLM

Redmont Wealth Advisors LLC acquired a new position in shares of SLM Corporation (NASDAQ:SLM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 34,345 shares of the credit services provider’s stock, valued at approximately $951,000. SLM makes up 1.3% of Redmont Wealth Advisors LLC’s holdings, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in shares of SLM by 118.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,995 shares of the credit services provider’s stock valued at $131,000 after buying an additional 2,164 shares during the last quarter. Quent Capital LLC bought a new position in shares of SLM in the third quarter worth about $118,000. Arkadios Wealth Advisors raised its stake in shares of SLM by 11.4% in the third quarter. Arkadios Wealth Advisors now owns 8,315 shares of the credit services provider’s stock worth $230,000 after acquiring an additional 853 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of SLM during the first quarter worth approximately $263,000. Finally, NewEdge Advisors LLC grew its stake in shares of SLM by 6.6% during the first quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider’s stock valued at $627,000 after purchasing an additional 1,319 shares during the last quarter. 98.94% of the stock is owned by institutional investors and hedge funds.

SLM Stock Performance

SLM opened at $23.90 on Thursday. The firm’s fifty day moving average is $26.84 and its two-hundred day moving average is $28.09. The firm has a market cap of $4.85 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 3.59 and a beta of 1.14. SLM Corporation has a twelve month low of $23.81 and a twelve month high of $34.97. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.24 and a current ratio of 1.28.

SLM (NASDAQ:SLM) last released its quarterly earnings data on Thursday, January 22nd. The credit services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.17. The business had revenue of $657.00 million during the quarter, compared to analysts’ expectations of $383.43 million. SLM had a net margin of 26.04% and a return on equity of 34.79%. During the same quarter in the prior year, the company earned $0.50 EPS. SLM has set its FY 2026 guidance at 2.700-2.800 EPS. Equities research analysts anticipate that SLM Corporation will post 3.07 EPS for the current year.

SLM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.52 annualized dividend and a dividend yield of 2.2%. SLM’s dividend payout ratio is currently 14.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SLM shares. Morgan Stanley cut their price target on SLM from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. restated an “underweight” rating and set a $25.00 target price (down from $29.00) on shares of SLM in a research report on Monday, January 12th. Wells Fargo & Company lifted their price target on shares of SLM from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. TD Cowen restated a “buy” rating on shares of SLM in a report on Friday, December 5th. Finally, Compass Point cut shares of SLM from a “buy” rating to a “sell” rating and dropped their target price for the company from $35.00 to $23.00 in a research report on Tuesday, December 9th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.60.

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.