Ted Manvitz Buys 7,349 Shares of SLM

Ted Manvitz, an insider with SLM, acquired 7,349 shares of the company on June 16, 2026. This purchase did not involve a planned transaction, and while the specific value was not disclosed, shares were trading at $23.03 at the time.

Other Institutional Activity in SLM

Several institutional investors have been active in SLM recently. BlackRock, Inc. increased its position by 93,562 shares, bringing its total to 18,880,810 shares valued at approximately $404.2 million. FMR LLC, on the other hand, trimmed its holdings by 441,564 shares, now holding 17,916,469 shares worth about $383.6 million. Brave Warrior Advisors, LLC added 752,403 shares to its portfolio, resulting in a total of 13,584,368 shares valued at $290.8 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both reported new positions with 10,827,129 and 8,563,823 shares, valued at $231.8 million and $183.4 million, respectively. Price T Rowe Associates Inc /MD/ significantly boosted its stake by 1,260,443 shares, totaling 8,436,727 shares valued at $180.6 million.

SLM Corporation Stock Down 12.8%

Shares of SLM are currently trading at $23.03. The stock's performance has been under the watchful eyes of analysts, with various ratings and price targets provided over recent months.

Insider Buying and Selling at SLM Corporation

In addition to Ted Manvitz's purchase, several other insiders have been active. On June 17, 2026, Greig Henry acquired 1,089 shares, and Richard Scott Blackley bought 1,198 shares, both at undisclosed prices. James Matheson, Richard Scott Blackley, and Kirsten Wolberg each purchased 7,349 shares on June 16, 2026.

Analysts Set New Price Targets

Analysts have maintained various ratings for SLM. On April 24, 2026, Barclays maintained a 'buy' rating with a $30.00 target. Morgan Stanley held a 'hold' rating with a $26.00 target on April 16, 2026, while JP Morgan maintained a 'sell' rating with a $22.00 target on April 9, 2026. Wells Fargo also supported a 'buy' rating with a $29.00 target on the same day.

About SLM

SLM, commonly known as Sallie Mae, operates in the financial services sector. The company is headquartered in the United States and primarily provides private education loans to students and families. It aims to help individuals achieve their educational goals by offering various financial solutions and resources.

Bottom Line

Ted Manvitz's recent purchase of SLM shares highlights ongoing insider interest in the company. Institutional investors have also been adjusting their holdings, indicating varied strategies towards SLM. As always, it's important for investors to consider the backward-looking nature of insider and institutional filings when evaluating stock performance.