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SLM Announces Major Accelerated Share Repurchase Agreement

Story Highlights
  • Sallie Mae launched a $200 million accelerated share repurchase with Goldman Sachs.
  • The ASR accelerates share count reduction and signals confidence amid market dislocation.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SLM Announces Major Accelerated Share Repurchase Agreement

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The latest update is out from SLM ( (SLM) ).

On March 9, 2026, Sallie Mae entered into a $200 million accelerated share repurchase agreement with Goldman Sachs under its $500 million buyback authorization, following approximately $91 million of repurchases earlier in the year and lifting first-quarter repurchases and commitments to nearly $300 million. The ASR, which will be prefunded on March 10, 2026 and is expected to complete before the end of the second quarter of 2026, will immediately reduce the share count and, through its volume-weighted pricing and adjustment features, underscores the company’s active capital return strategy during recent market dislocation and its confidence in the strength of its franchise.

The most recent analyst rating on (SLM) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on SLM stock, see the SLM Stock Forecast page.

Spark’s Take on SLM Stock

According to Spark, TipRanks’ AI Analyst, SLM is a Neutral.

The score is driven primarily by solid earnings power and strong ROE but constrained by leverage and historically volatile cash flows. Technicals are weak (below major moving averages with negative MACD), while valuation is attractive (low P/E with a modest yield). Earnings call takeaways are mixed: strong 2025 results and long-term growth opportunity, but near-term EPS pressure and some credit metric deterioration.

To see Spark’s full report on SLM stock, click here.

More about SLM

Sallie Mae, formally SLM Corporation, is the leader in private student lending in the U.S., providing financing and related resources to support access to college and other education-related goals. The company focuses on education and life-long learning products, offering loans and tools to help customers pursue academic and post-college experiences, and is not sponsored by or an agency of the U.S. government.

Average Trading Volume: 3,589,228

Technical Sentiment Signal: Sell

Current Market Cap: $3.78B

For an in-depth examination of SLM stock, go to TipRanks’ Overview page.

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