SLM Corporation Insider Ted Manvitz Buys Shares
Ted Manvitz acquired 1,062 shares of SLM Corporation on June 17, 2026.
Key Points
- Ted Manvitz bought 1,062 shares of SLM Corporation on June 17, 2026.
- SLM Corporation trades at $23.03 with a market cap of about $4.34 billion.
- Analysts have set a target mean price of $28.82, with a 'buy' consensus.
On June 17, 2026, Ted Manvitz, an insider at SLM Corporation, acquired 1,062 shares of the company. The transaction did not involve a planned purchase under a Rule 10b5-1 plan, and the shares were added without a specified purchase price.
Insider Buying and Selling at SLM Corporation
Several insiders at SLM Corporation were active around the same time. On June 17, Greig Henry bought 1,089 shares, and Richard Scott Blackley added 1,198 shares. A day earlier, James Matheson, Richard Scott Blackley, and Kirsten Wolberg each bought 7,349 shares.
Other Institutional Activity in SLM Corporation
Institutional investors have also been adjusting their holdings in SLM Corporation. BlackRock, Inc. increased its stake by 93,562 shares, bringing its total to 18,880,810 shares worth about $404.24 million. FMR LLC reduced its holdings by 441,564 shares, ending with 17,916,469 shares valued at approximately $383.59 million. Meanwhile, Brave Warrior Advisors, LLC added 752,403 shares, raising its total to 13,584,368 shares with a value of $290.84 million.
SLM Corporation Stock Snapshot
Shares of NasdaqGS:SLM traded at $23.03. SLM Corporation, with a market capitalization of approximately $4.34 billion, has a P/E ratio of 6.4 and a forward P/E of 6.81. The stock has a 52-week low of $17.77 and a 52-week high of $34.97. Its 50-day moving average is $22.30, while the 200-day moving average is $24.99.
Recent Earnings
SLM Corporation reported revenue of about $1.67 billion, reflecting a growth rate of 2.5%. The company achieved a net margin of 44.93% and a return on equity of 30.93%. The next earnings report is expected on July 23, 2026.
Dividend
SLM Corporation offers an annual dividend rate of $0.52, yielding 2.32%. Its dividend payout ratio is 14.44%, with the most recent ex-dividend date not specified.
Analysts Set New Price Targets
Analysts have been active in setting new price targets for SLM Corporation. On April 24, 2026, Barclays maintained its 'buy' rating with a $30.00 target. Morgan Stanley, on April 16, kept a 'hold' rating with a $26.00 target, while JP Morgan maintained a 'sell' rating at $22.00 on April 9. The consensus among analysts is a 'buy' rating with a target mean price of $28.82, based on 11 opinions.
About SLM Corporation
SLM Corporation, also known as Sallie Mae, operates in the financial services sector, specifically in credit services. Headquartered in Newark, Delaware, the company focuses on originating and servicing private education loans for students and their families. It also offers retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit. The company employs around 1,788 people and is led by CEO Jonathan W. Witter.
Bottom Line
Ted Manvitz's recent purchase of SLM Corporation shares highlights ongoing insider activity within the company. Investors often track these moves to gauge insider sentiment. While 13F filings offer a historical view of institutional holdings, insider transactions can provide more current insights into company confidence.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.