Royal London Asset Management Ltd. Sells 74,336 Shares of SLM Corporation $SLM

Royal London Asset Management Ltd. decreased its position in shares of SLM Corporation (NASDAQ:SLM) by 4.5% in the 2nd quarter, Holdings Channel reports. The fund owned 1,559,989 shares of the credit services provider’s stock after selling 74,336 shares during the quarter. Royal London Asset Management Ltd.’s holdings in SLM were worth $40,466,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in SLM. Allworth Financial LP bought a new stake in SLM in the 2nd quarter valued at about $55,000. EverSource Wealth Advisors LLC boosted its position in SLM by 19.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider’s stock worth $66,000 after purchasing an additional 501 shares during the period. Triumph Capital Management bought a new position in SLM during the third quarter worth about $69,000. Sanctuary Advisors LLC purchased a new position in shares of SLM in the second quarter worth about $231,000. Finally, Hsbc Holdings PLC purchased a new position in shares of SLM in the second quarter worth about $241,000. Hedge funds and other institutional investors own 98.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on SLM. JPMorgan Chase & Co. upped their price target on shares of SLM from $24.00 to $25.00 and gave the company an “underweight” rating in a research note on Monday, July 13th. Barclays restated an “equal weight” rating and set a $26.00 target price (down from $30.00) on shares of SLM in a research report on Tuesday, July 7th. Weiss Ratings upgraded SLM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Morgan Stanley boosted their price objective on SLM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Finally, Wall Street Zen cut SLM from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $29.80.

SLM Stock Performance

SLM stock opened at $26.41 on Friday. SLM Corporation has a 1-year low of $17.77 and a 1-year high of $32.02. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $4.96 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 2.29 and a beta of 0.96. The firm’s 50 day simple moving average is $25.87 and its 200 day simple moving average is $23.26.

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

SLM Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 2.0%. SLM’s dividend payout ratio (DPR) is currently 14.53%.

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.