Investment House LLC Sells 48,225 Shares of SLM Corporation $SLM

Investment House LLC reduced its position in shares of SLM Corporation (NASDAQ:SLM) by 44.3% during the third quarter, HoldingsChannel reports. The firm owned 60,645 shares of the credit services provider’s stock after selling 48,225 shares during the quarter. Investment House LLC’s holdings in SLM were worth $1,372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vest Financial LLC grew its stake in shares of SLM by 44.1% during the third quarter. Vest Financial LLC now owns 270,049 shares of the credit services provider’s stock valued at $6,111,000 after acquiring an additional 82,611 shares in the last quarter. Wavvest Wealth LLC acquired a new position in shares of SLM in the third quarter worth about $779,000. Canoe Financial LP lifted its stake in shares of SLM by 156.4% in the third quarter. Canoe Financial LP now owns 87,882 shares of the credit services provider’s stock worth $1,987,000 after acquiring an additional 53,612 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in SLM by 22.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 12,194 shares of the credit services provider’s stock valued at $276,000 after purchasing an additional 2,250 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in SLM by 16.3% in the third quarter. GAMMA Investing LLC now owns 13,461 shares of the credit services provider’s stock valued at $305,000 after purchasing an additional 1,882 shares during the last quarter. 98.94% of the stock is currently owned by hedge funds and other institutional investors.

SLM Stock Performance

Shares of SLM stock opened at $21.76 on Friday. 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 1 year low of $17.77 and a 1 year high of $31.06. The firm’s 50-day simple moving average is $24.63 and its 200-day simple moving average is $24.03. The firm has a market cap of $4.09 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 1.56 and a beta of 0.96.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Thursday, October 22nd. The credit services provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.36). SLM had a return on equity of 33.81% and a net margin of 26.09%. The firm had revenue of $375.47 million during the quarter, compared to analyst estimates of $453.34 million. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue for the quarter was down 31.3% on a year-over-year basis. Equities analysts forecast that SLM Corporation will post 3.12 earnings per share for the current fiscal year.

SLM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, December 4th. SLM’s dividend payout ratio is currently 14.53%.

More SLM News

Here are the key news stories impacting SLM this week:

• Positive Sentiment: Private education loan originations rose 15% year over year to $3.4 billion, while graduate-loan originations increased 119%. SLM also repurchased 5.1 million shares for $132.2 million during the quarter, supporting per-share value over time. Sallie Mae Reports $32.3 Million Third-Quarter Loss as Originations Rise 15%
• Positive Sentiment: SLM declared a quarterly dividend of $0.13 per share, equivalent to $0.52 annually and an indicated yield of approximately 2.3%. The dividend is payable December 15 to shareholders of record December 4. Sallie Mae Announces Dividend for the Fourth Quarter 2026
• Neutral Sentiment: Despite the weak quarter, delinquencies were 4.2% of loans in repayment as of September 30, providing investors with an important measure of portfolio credit performance to monitor.
• Negative Sentiment: SLM reported a third-quarter loss of $0.19 per share, versus a year-earlier profit of $0.63 and analyst expectations for a profit of roughly $0.12-$0.17 per share. Revenue of $375.5 million also fell short of the approximately $453.3 million consensus estimate. Sallie Mae Reports Q3 Loss, Lags Revenue Estimates
• Negative Sentiment: Net charge-offs reached $90 million and provisions for credit losses totaled $213.7 million, weighing heavily on results and signaling increased losses in the private student-loan portfolio.
• Negative Sentiment: Management cut 2026 diluted EPS guidance to $1.95-$2.05 from $3.10-$3.20 after the higher charge-offs. The substantial forecast reduction is likely the main catalyst behind the stock’s decline. Sallie Mae Cuts Full-Year View After Logging Higher Charge-Offs

Analyst Upgrades and Downgrades

SLM has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $28.00 price objective on SLM in a research note on Friday, July 24th. Wall Street Zen lowered SLM from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Morgan Stanley upped their target price on SLM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SLM in a research note on Monday, September 14th. Finally, Barclays reissued an “equal weight” rating and set a $26.00 price target (down from $30.00) on shares of SLM in a research report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, SLM presently has an average rating of “Hold” and a consensus price target of $29.22.

SLM Profile

SLM Corp., commonly known as Sallie Mae, is a financial services company focused on helping students and families finance higher education. Its primary business is the origination and servicing of private education loans, which can help cover tuition, fees, books, housing and other eligible education-related expenses not fully covered by federal student aid.

The company offers private student loans for undergraduate and graduate education, as well as loans for career-training programs and other education needs.