Richard Scott Blackley Acquires SLM Corporation Shares

Richard Scott Blackley recently acquired 1,198 shares of SLM Corporation, as noted in a filing dated June 17, 2026. The transaction was coded as "A," indicating an acquisition, though the value was not specified.

Insider Buying and Selling at SLM Corporation

On June 17, 2026, several insiders, including Richard Scott Blackley, were active buyers of SLM Corporation shares. Blackley purchased 1,198 shares, while Henry Greig and Ted Manvitz bought 1,089 and 1,062 shares, respectively. James Matheson and Kirsten Wolberg also acquired 7,349 shares each on June 16, 2026.

Other Institutional Activity in SLM Corporation

In addition to insider buying, institutional investors have been adjusting their positions in SLM Corporation. BlackRock, Inc. increased its holdings by 93,562 shares, bringing its total to 18,880,810 shares valued at approximately $404.24 million. On the other hand, FMR LLC reduced its stake by 441,564 shares, resulting in a total of 17,916,469 shares worth about $383.59 million. Brave Warrior Advisors, LLC significantly boosted its holdings by 752,403 shares, now owning 13,584,368 shares valued at $290.84 million. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both initiated positions, each holding 10,827,129 and 8,563,823 shares, valued at $231.81 million and $183.35 million, respectively.

SLM Corporation Stock Down 12.8%

Shares of SLM Corporation (NasdaqGS: SLM) traded around $23.03. The company has a market capitalization of about $4.34 billion, with a P/E ratio of 6.40. SLM's stock has ranged from a 52-week low of $17.77 to a high of $34.97. The 50-day moving average is $22.30, and the 200-day moving average is $24.99. The firm's current ratio is 1.30, with a quick ratio of 1.28 and a debt-to-equity ratio of 253.08.

Recent Earnings

SLM Corporation reported revenue of approximately $1.67 billion, with a growth rate of 2.5%. The company achieved a net margin of 44.93% and a return on equity of 30.93%. Earnings per share stood at $3.60. The next earnings report is expected on July 23, 2026.

Dividend

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

Analysts Set New Price Targets

Analysts have recently updated their ratings and price targets for SLM Corporation. On April 24, 2026, Barclays maintained its "buy" rating with a price target of $30. Morgan Stanley, on April 16, 2026, kept a "hold" rating with a target of $26. JP Morgan maintained a "sell" rating with a $22 target on April 9, 2026. The consensus among analysts is a "buy" with a mean target price of $28.82, based on 11 opinions.

About SLM Corporation

SLM Corporation, known widely as Sallie Mae, is a financial services company specializing in credit services. Headquartered in Newark, Delaware, the company provides private education loans to students and their families. It also offers retail deposit accounts, including savings accounts and certificates of deposit. Founded in 1972, SLM Corporation has grown to employ around 1,788 people under the leadership of CEO Jonathan W. Witter.

Bottom Line

Richard Scott Blackley's recent purchase of SLM Corporation shares adds to the insider activity seen in mid-June 2026. Investors keep a close eye on such moves for potential insights into company sentiment. With a solid market position and a broad institutional interest, SLM remains a stock to watch, though it's important to note that 13F filings and insider transactions reflect past actions and may not indicate current positions.