Man Group plc Invests $10.02 Million in SLM Corporation $SLM

Man Group plc purchased a new position in SLM Corporation (NASDAQ:SLM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 386,176 shares of the credit services provider’s stock, valued at approximately $10,017,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in SLM in the second quarter worth approximately $455,576,000. PDT Partners LLC purchased a new stake in SLM in the second quarter valued at $5,261,000. Act Two Investors LLC acquired a new position in shares of SLM in the 2nd quarter valued at $18,593,000. State of Wyoming acquired a new position in shares of SLM in the 2nd quarter valued at $1,375,000. Finally, Baxter Bros Inc. purchased a new position in shares of SLM during the 2nd quarter worth $1,675,000. Institutional investors own 98.94% of the company’s stock.

SLM Stock Performance

Shares of SLM stock opened at $26.41 on Friday. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.33 and a quick ratio of 1.32. The business has a 50-day moving average of $25.87 and a 200 day moving average of $23.26. SLM Corporation has a 12 month low of $17.77 and a 12 month high of $32.02.

SLM (NASDAQ:SLM) last issued its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.17). The business had revenue of $401.11 million for the quarter, compared to analysts’ expectations of $409.22 million. SLM had a return on equity of 33.81% and a net margin of 26.09%.The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last 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, sell-side analysts forecast that SLM Corporation will post 3.12 earnings per share for the current year.

SLM Dividend Announcement

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 paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. SLM’s dividend payout ratio is presently 14.53%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen downgraded SLM from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Morgan Stanley upped their target price on shares of SLM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Zacks Research downgraded shares of SLM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Barclays restated an “equal weight” rating and issued a $26.00 price objective (down from $30.00) on shares of SLM in a report on Tuesday, July 7th. Finally, Wells Fargo & Company set a $28.00 target price on shares of SLM in a report on Friday, July 24th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.80.

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.