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Why Sallie Mae (SLM) Stock Is Down Today

Investivoq PriceTracker

Sallie Mae (SLM) is down 10.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The sell-off appears tied to a weak third-quarter report that included a net loss, a sharp cut to full-year earnings guidance, and higher expected charge-offs. Record loan originations were a positive, but they were overshadowed by heavier credit costs and higher operating expenses.

Details:

  • Sallie Mae posted a third-quarter GAAP net loss attributable to common stock of $36 million, or $0.19 per share, versus net income of $132 million, or $0.63 per share, in the year-ago period.
  • The company lowered its 2026 diluted earnings outlook to $1.95 to $2.05 per share from prior guidance of $3.10 to $3.20, while also raising its projected net charge-offs to $400 million to $420 million.
  • Third-quarter net charge-offs rose to about $90 million, with the company tying the increase to previously discussed third-party debt resolution practices that pushed some borrowers from delinquency to default.
  • Operating pressure was also visible in non-interest expenses, which rose to $221 million as Sallie Mae spent more during the peak season to capture new volume after federal PLUS loan changes, even though originations climbed 15% to a record $3.4 billion.

    • Sources:

    Sallie Mae, SEC, Investing.com

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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    $SLM Hedge Fund Activity

    We have seen 186 institutional investors add shares of $SLM stock to their portfolio, and 174 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • PRICE T ROWE ASSOCIATES INC /MD/ added 4,086,231 shares (+48.4%) to their portfolio in Q2 2026, for an estimated $105,996,832
    • GOLDMAN SACHS GROUP INC added 3,151,211 shares (+153.5%) to their portfolio in Q2 2026, for an estimated $81,742,413
    • IMPACTIVE CAPITAL LP removed 2,514,630 shares (-32.1%) from their portfolio in Q2 2026, for an estimated $65,229,502
    • VICTORY CAPITAL MANAGEMENT INC added 2,242,966 shares (+4034.5%) to their portfolio in Q2 2026, for an estimated $58,182,538
    • WALLEYE CAPITAL LLC added 2,168,039 shares (+16740.3%) to their portfolio in Q2 2026, for an estimated $56,238,931
    • DME CAPITAL MANAGEMENT, LP removed 2,101,840 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $54,521,729
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,792,848 shares (+inf%) to their portfolio in Q2 2026, for an estimated $46,506,477

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.