SLM Insider Blackley Richard Scott Buys 7,349 Shares

Richard Scott Blackley Continues Buying SLM Shares

Richard Scott Blackley increased his stake in SLM Corporation (NASDAQ: SLM) with two separate transactions in mid-June. According to filings with the SEC, Blackley bought 7,349 shares on June 16, 2026. He wasn't finished, as he returned the next day, June 17, 2026, to acquire another 1,198 shares. These moves follow a pattern of buying for Blackley, who has been active in building his position during the summer months.

SLM Stock Valuation and Recent Performance

On Friday, shares of SLM Corporation were priced at $23.03. This price puts the company at a market value of roughly $4.71 billion. The stock has been trading under its 50-day moving average of $26.18 and its 200-day moving average of $24.39. For investors who look at valuation, the company has a price-to-earnings (P/E) ratio of 6.98. The P/E ratio is a tool that compares the stock price to the company's annual earnings to see if it is priced fairly. The forward P/E, which uses projected earnings, is only slightly higher at 7.45.

Recent Earnings and Growth

In its most recent financial reports, the company brought in $1.69 billion in revenue, which represents a growth rate of 8.1%. Profitability remains a strong point for the Newark-based lender, as it reported earnings per share (EPS) of $3.59. The company also showed a net margin of 43.6% and a return on equity of 30.3%. The next major update for shareholders is expected when the company reports its next set of financial results on October 22, 2026.

SLM Corporation Dividend Details

Investors who hold SLM stock receive a yearly dividend of $0.52 per share. Based on the current stock price, that works out to a dividend yield of 2.07%. The company is using about 14.5% of its profits to pay this dividend, which suggests there is plenty of room to keep paying shareholders while still reinvesting in the business.

A Wave of Insider Buying at SLM

Blackley is not the only person at the company buying shares recently. Several other insiders made moves on June 16, 2026, including Kirsten Wolberg, James Matheson, and Daniel Greenstein, who each bought 7,349 shares. The following day, June 17, 2026, Ted Manvitz bought 1,062 shares and Henry Greig added 1,089 shares. None of these transactions were made through a Rule 10b5-1 plan, which is a pre-scheduled way for insiders to trade without appearing to use private information.

What Analysts Think of SLM

Wall Street analysts have been busy adjusting their outlooks for the company. On October 12, 2026, Morgan Stanley upgraded the stock to an Overweight rating and set a price target of $30.00. That same day, JP Morgan maintained an Underweight rating but lowered its target to $22.00. Earlier, on October 9, 2026, RBC Capital kept its Outperform rating with a $28.00 target. Barclays lowered its rating to Equal-Weight on July 7, 2026, with a $26.00 target. Overall, the 11 analysts covering the stock have a consensus buy rating and a mean price target of $28.55.

About SLM Corporation

SLM Corporation, known to most people as Sallie Mae, is a financial services firm that focuses on the private student loan market. It helps families and students pay for college by providing loans and also offers savings products like high-yield accounts and certificates of deposit. The company has been a fixture in the American education finance landscape since it was founded in 1972.

What to Watch at SLM Corporation

Investors will want to see if this trend of insider buying continues as the stock hovers near its 200-day average. The upcoming earnings report in October will be the next big catalyst for the stock price. It is important to remember that these insider reports are disclosed after the trades happen and reflect the insiders' views at that specific time.