Daniel Greenstein Buys 7,349 SLM Shares
Greenstein's purchase adds to a series of insider buys at SLM.
Key Points
- Daniel Greenstein bought 7,349 shares of SLM on June 16, 2026, as part of insider activity.
- SLM shares traded at $23.03, with several insiders making purchases, indicating strong internal interest.
- Peer funds like BlackRock and Brave Warrior Advisors also adjusted their SLM holdings in recent activity.
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Daniel Greenstein recently purchased 7,349 shares of SLM on June 16, 2026. This move is part of a notable series of insider transactions, as several other insiders have also bought shares around the same time.
Insider Buying and Selling at SLM Corporation
In addition to Daniel Greenstein, several other insiders, including Greig Henry, Richard Scott Blackley, Ted Manvitz, James Matheson, and Kirsten Wolberg, have been active buyers. On June 17, 2026, Greig Henry bought 1,089 shares, Richard Scott Blackley acquired 1,198 shares, and Ted Manvitz purchased 1,062 shares. These transactions were not part of any pre-planned trading programs, suggesting a strong internal belief in the company's prospects.
Other Institutional Activity in SLM
In recent activity, BlackRock, Inc. increased its holdings in SLM by 93,562 shares, bringing its total to 18,880,810 shares valued at approximately $404.2 million. Meanwhile, FMR LLC reduced its stake by 441,564 shares, ending with 17,916,469 shares worth around $383.6 million. Brave Warrior Advisors, LLC added 752,403 shares, increasing its total to 13,584,368 shares, valued at about $290.8 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both reported their holdings at 10,827,129 shares and 8,563,823 shares, respectively.
Analysts Set New Price Targets
Analysts have been active in setting price targets for SLM. On April 24, 2026, Barclays maintained a "buy" rating with a target price of $30. Morgan Stanley kept a "hold" rating with a $26 target on April 16. JP Morgan maintained a "sell" rating with a $22 target on April 9, while Wells Fargo reiterated a "buy" rating with a $29 target on the same day. The consensus among analysts suggests a mixed outlook, with a mean target price reflecting diverse opinions.
Bottom Line
Daniel Greenstein's purchase of SLM shares is part of a broader trend of insider buying, which could signal confidence in the company's future. Institutional investors have also been adjusting their positions, adding another layer of interest in SLM. While the insider and institutional activities are noteworthy, they should be considered alongside analyst ratings and market conditions. As always, it's important to remember that these insider transactions are disclosed after the fact and may not reflect the current situation.
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