SLM Sees Unusually Large Options Volume (SLM)
SLM Corp (NASDAQ:SLM) was the target of some unusual options trading on Thursday. Traders acquired 1,058 call options on the stock. This is an increase of 1,223% compared to the typical volume of 80 call options.
Several equities research analysts recently weighed in on the company. Oppenheimer set a $17.00 price target on SLM and gave the stock a “buy” rating in a report on Thursday. BidaskClub downgraded SLM from a “sell” rating to a “strong sell” rating in a report on Friday. B. Riley reaffirmed a “buy” rating and set a $13.00 price target (down from $14.00) on shares of SLM in a report on Thursday. Zacks Investment Research raised SLM from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Thursday, January 11th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $16.00 price target on shares of SLM in a report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.30.
In related news, SVP Jonathan Boyles sold 2,776 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $11.65, for a total transaction of $32,340.40. Following the completion of the sale, the senior vice president now directly owns 173,728 shares of the company’s stock, valued at $2,023,931.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Raymond J. Quinlan sold 200,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $11.52, for a total value of $2,304,000.00. Following the sale, the chief executive officer now directly owns 1,080,133 shares of the company’s stock, valued at $12,443,132.16. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by corporate insiders.
SLM (SLM) opened at $11.16 on Friday. The stock has a market capitalization of $4,850.12, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 0.53 and a beta of 1.33. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.37 and a quick ratio of 1.33. SLM has a 52-week low of $9.65 and a 52-week high of $13.20.
SLM (NASDAQ:SLM) last released its quarterly earnings data on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $309.19 million during the quarter, compared to analysts’ expectations of $299.64 million. SLM had a return on equity of 16.65% and a net margin of 20.23%. During the same quarter in the prior year, the business posted $0.15 earnings per share. equities analysts expect that SLM will post 1.01 EPS for the current fiscal year.
SLM Company Profile
SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.
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