SLM Corp
In the published model solve dated 2026-Q2, anchored at $27.47, SLM Corp (SLM) is priced for -4.1% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Sallie Mae is a private student-loan monoline (⟦"approximately 71 percent of our total assets"⟧ in Private Education Loans per its 10-K, accession 0001032033-26-000011) earning a 30.7% trailing return on equity while shrinking its share count about 8.4% a year. • The July 1, 2026 elimination of federal Grad PLUS loans and new Parent PLUS caps under H.R.1 redraws its addressable market upward, and the company launched new Parent, Graduate, and Law School loan products in late June 2026 to capt
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352 institutional managers reported holding SLM in 13F filings for the quarter ended 2026-03-31. 61 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 21.5M shares were sold short as of the 2026-06-15 count, about 11% of shares outstanding (7.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SLM has cut its share count 37.4% over the past five years, spending $2.47B on repurchases. It pays a dividend, and has for 15 years running, raised 7 years straight; the current rate is $0.52 a share annually. Cash returned over the past three years: $281.75M in dividends and $998.29M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SLM over the trailing three years: 2024: 1 buy totaling $249k; 2025: 1 buy totaling $289k. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SLM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-27 | -4.5% | -14.1% |
| 2023-10-26 | +1.2% | +46.5% |
| 2024-02-23 | -0.4% | +11.3% |
| 2024-04-25 | 0.0% | -6.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SLM's latest 8-K filings: 2026-08-05 (items 7.01, 9.01); 2026-07-23 (items 2.02, 9.01); 2026-06-18 (items 5.07); 2026-06-10 (items 7.01, 9.01); 2026-05-15 (items 1.01, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.