Richard Scott Blackley Increases Stake in SLM Corporation

On June 16, 2026, Richard Scott Blackley acquired 7,349 shares of SLM Corporation (NasdaqGS: SLM). This insider buying activity comes as part of a series of transactions reported by the company.

Insider Buying and Selling at SLM Corporation

In addition to Richard Scott Blackley's purchase of 7,349 shares, other insiders also bought shares around the same time. James Matheson, Kirsten Wolberg, and Blackley himself each acquired 7,349 shares on June 16, 2026. The following day, on June 17, 2026, Henry Greig bought 1,089 shares, Richard Scott Blackley added another 1,198 shares, and Ted Manvitz acquired 1,062 shares.

Other Institutional Activity in SLM Corporation

Several institutional investors have recently adjusted their holdings in SLM Corporation. BlackRock, Inc. increased its position by 93,562 shares, reaching a total of 18,880,810 shares valued at approximately $404.2 million. Meanwhile, FMR LLC reduced its holdings by 441,564 shares, now holding 17,916,469 shares worth about $383.6 million. Brave Warrior Advisors, LLC significantly boosted its stake by 752,403 shares, bringing its total to 13,584,368 shares valued at around $290.8 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both reported new positions, holding 10,827,129 and 8,563,823 shares respectively.

SLM Corporation Stock Down 12.8%

Shares of SLM Corporation are trading at $23.03. The company, with a market cap of approximately $4.34 billion, has a P/E ratio of 6.4 and a forward P/E of 6.8. The stock's 52-week range is between $17.77 and $34.97, with a 50-day moving average of $22.30 and a 200-day moving average of $24.99. SLM Corporation's beta is 0.987, indicating relatively low volatility. The company's current ratio is 1.301, and its quick ratio is 1.279, with a debt-to-equity ratio of 253.081.

Recent Earnings

SLM Corporation reported revenue of $1.67 billion, reflecting a growth rate of 2.5%. The company's net margin stands at 44.93%, with a return on equity of 30.93%. The next earnings release is scheduled for July 23, 2026.

Dividend

SLM Corporation offers an annual dividend rate of $0.52 per share, yielding 2.32%. The dividend payout ratio is 14.44%.

Analysts Set New Price Targets

Analyst firms have recently issued ratings for SLM Corporation. On April 24, 2026, Barclays maintained a 'buy' rating with a price target of $30. Wells Fargo also maintained a 'buy' rating with a $29 target on April 9, 2026. On April 16, 2026, Morgan Stanley maintained a 'hold' rating with a $26 target, while JP Morgan maintained a 'sell' rating with a $22 target on April 9, 2026. The consensus recommendation is a 'buy', with an average target price of $28.82 from 11 analyst opinions.

About SLM Corporation

SLM Corporation, commonly known as Sallie Mae, is a financial services company focused on providing private education loans to students and their families in the United States. Headquartered in Newark, Delaware, the company also offers retail deposit accounts such as high-yield savings accounts, money market accounts, and certificates of deposit. Led by CEO Jonathan W. Witter, SLM Corporation employs approximately 1,788 people.

Bottom Line

Richard Scott Blackley's recent purchase of SLM Corporation shares highlights ongoing insider interest in the company. SLM Corporation remains a key player in the financial services sector, with a strong focus on education loans. Investors should note that insider transactions are disclosed after the fact and may not reflect current positions.