Steven Mcgarry Sells 13,836 Shares of SLM Corp (SLM) Stock
SLM Corp (NASDAQ:SLM) CFO Steven Mcgarry sold 13,836 shares of SLM stock in a transaction on Friday, January 26th. The shares were sold at an average price of $11.62, for a total transaction of $160,774.32. Following the completion of the sale, the chief financial officer now directly owns 366,433 shares of the company’s stock, valued at approximately $4,257,951.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of SLM Corp (SLM) traded up $0.09 on Monday, reaching $11.71. 4,709,095 shares of the company traded hands, compared to its average volume of 4,854,815. The company has a market cap of $5,018.56, a P/E ratio of 18.97, a PEG ratio of 0.56 and a beta of 1.33. SLM Corp has a 12-month low of $9.65 and a 12-month high of $13.20. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 1.58.
SLM (NASDAQ:SLM) last announced its earnings results on Wednesday, January 17th. The credit services provider reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $309.19 million for the quarter, compared to the consensus estimate of $299.64 million. SLM had a net margin of 20.23% and a return on equity of 16.65%. During the same quarter last year, the firm posted $0.15 EPS. equities research analysts forecast that SLM Corp will post 0.99 EPS for the current year.
SLM has been the subject of several analyst reports. Citigroup initiated coverage on shares of SLM in a research note on Monday, January 8th. They issued an “outperform” rating and a $17.00 price objective for the company. BidaskClub downgraded shares of SLM from a “sell” rating to a “strong sell” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of SLM from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. BMO Capital Markets reiterated a “hold” rating and issued a $12.00 target price on shares of SLM in a report on Friday, October 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 target price on shares of SLM in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $14.18.
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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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