SLM Corporation (NASDAQ:SLM) was the target of unusually large options trading activity on Thursday. Traders bought 902 put options on the stock. This represents an increase of 974% compared to the average daily volume of 84 put options.

Shares of SLM (SLM) opened at $11.39 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $4,996.96, a P/E ratio of 16.77 and a beta of 1.33. SLM has a one year low of $9.65 and a one year high of $13.20.

SLM (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. SLM had a net margin of 22.95% and a return on equity of 16.63%. The business had revenue of $282.06 million during the quarter, compared to analysts’ expectations of $282.02 million. During the same period in the previous year, the company earned $0.12 earnings per share. SLM’s revenue for the quarter was up 26.3% on a year-over-year basis. equities research analysts predict that SLM will post 0.72 EPS for the current fiscal year.

Several analysts recently commented on SLM shares. FBR & Co restated a “buy” rating and set a $13.00 price target on shares of SLM in a report on Tuesday, September 19th. Citigroup started coverage on shares of SLM in a research note on Monday, October 16th. They issued a “buy” rating and a $16.00 target price for the company. Zacks Investment Research upgraded shares of SLM from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. BMO Capital Markets reiterated a “hold” rating and issued a $12.00 target price on shares of SLM in a research note on Friday, October 6th. Finally, Wedbush reiterated an “outperform” rating and issued a $14.50 target price on shares of SLM in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.44.

Several institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors lifted its stake in shares of SLM by 9.0% in the second quarter. Nationwide Fund Advisors now owns 1,442,598 shares of the credit services provider’s stock worth $16,590,000 after buying an additional 119,024 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of SLM by 16.9% in the third quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock worth $10,431,000 after buying an additional 131,348 shares during the last quarter. Chartwell Investment Partners LLC lifted its stake in shares of SLM by 4.4% in the third quarter. Chartwell Investment Partners LLC now owns 407,916 shares of the credit services provider’s stock worth $4,678,000 after buying an additional 17,010 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of SLM by 3.5% in the second quarter. Mutual of America Capital Management LLC now owns 357,472 shares of the credit services provider’s stock worth $4,111,000 after buying an additional 12,017 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in shares of SLM by 3.9% in the third quarter. Aperio Group LLC now owns 188,045 shares of the credit services provider’s stock worth $2,157,000 after buying an additional 7,129 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

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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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