EFG International AG Invests $3.98 Million in SLM Corporation $SLM

EFG International AG purchased a new stake in shares of SLM Corporation (NASDAQ:SLM) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 153,603 shares of the credit services provider’s stock, valued at approximately $3,979,000. EFG International AG owned about 0.08% of SLM at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SLM. PDT Partners LLC bought a new stake in SLM during the 2nd quarter valued at approximately $5,261,000. Legal & General Group Plc purchased a new position in shares of SLM in the 2nd quarter valued at approximately $7,170,000. The Manufacturers Life Insurance Company purchased a new position in shares of SLM in the 2nd quarter valued at approximately $3,349,000. Algert Global LLC boosted its position in shares of SLM by 113.3% during the second quarter. Algert Global LLC now owns 228,100 shares of the credit services provider’s stock valued at $5,917,000 after purchasing an additional 121,160 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of SLM during the second quarter valued at approximately $231,000. Hedge funds and other institutional investors own 98.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen downgraded SLM from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Royal Bank Of Canada raised their price target on SLM from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Barclays reaffirmed 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. Morgan Stanley upped their price target on shares of SLM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of SLM from $24.00 to $25.00 and gave the company an “underweight” rating in a research report on Monday, July 13th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $29.80.

SLM Stock Performance

Shares of SLM opened at $26.78 on Thursday. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 2.30 and a beta of 0.96. The business’s fifty day simple moving average is $25.73 and its two-hundred day simple moving average is $23.24. SLM Corporation has a 12 month low of $17.77 and a 12 month high of $32.07. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 2.63.

SLM (NASDAQ:SLM) last posted its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.17). The firm had revenue of $401.11 million for the quarter, compared to analysts’ expectations of $409.22 million. SLM had a net margin of 26.09% and a return on equity of 33.81%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 EPS. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Research analysts anticipate that SLM Corporation will post 3.12 earnings per share for the current fiscal year.

SLM Announces Dividend

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. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 1.9%. SLM’s dividend payout ratio (DPR) is currently 14.53%.

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.