Tidal Investments LLC Purchases 26,026 Shares of SLM Corporation $SLM

Tidal Investments LLC boosted its position in shares of SLM Corporation (NASDAQ:SLM) by 5.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 497,731 shares of the credit services provider’s stock after purchasing an additional 26,026 shares during the period. Tidal Investments LLC’s holdings in SLM were worth $12,911,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of SLM in the 2nd quarter valued at approximately $455,576,000. Jupiter Topco LLC acquired a new stake in shares of SLM during the 2nd quarter worth approximately $2,236,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of SLM during the 2nd quarter worth approximately $4,184,000. The Manufacturers Life Insurance Company bought a new position in SLM in the second quarter valued at approximately $3,349,000. Finally, State of Wyoming bought a new position in SLM in the second quarter valued at approximately $1,375,000. 98.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen cut SLM from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Zacks Research lowered SLM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings raised SLM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. upped their price objective on SLM from $24.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company set a $28.00 price objective on SLM in a research note on Friday, July 24th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, SLM presently has a consensus rating of “Hold” and an average price target of $29.80.

SLM Price Performance

SLM stock opened at $26.04 on Friday. The company has a market capitalization of $4.89 billion, a P/E ratio of 7.27, a PEG ratio of 2.22 and a beta of 0.96. The company has a fifty day moving average price of $26.15 and a 200-day moving average price of $23.37. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.32 and a current ratio of 1.33. SLM Corporation has a 52-week low of $17.77 and a 52-week high of $31.06.

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

SLM Dividend Announcement

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

SLM Profile

SLM Corporation, commonly known as Sallie Mae, is a U.S.-based education finance company that provides private education loans to undergraduate and graduate students, as well as to parents and other borrowers. Its lending products are designed to help cover tuition, fees, housing, books and other qualified education expenses not fully met by federal financial aid or other funding sources.

Through Sallie Mae Bank, the company also offers consumer deposit products, including savings accounts, certificates of deposit and money market accounts.