SLM Corporation (SLM) SVP Jonathan Boyles Sells 2,776 Shares
SLM Corporation (NASDAQ:SLM) SVP Jonathan Boyles sold 2,776 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $11.65, for a total transaction of $32,340.40. Following the sale, the senior vice president now directly owns 173,728 shares of the company’s stock, valued at approximately $2,023,931.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of SLM Corporation (NASDAQ:SLM) traded down $0.08 on Wednesday, hitting $11.49. The company had a trading volume of 2,129,930 shares, compared to its average volume of 3,151,552. SLM Corporation has a 12 month low of $9.65 and a 12 month high of $13.20. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. The company has a market cap of $5,096.30, a PE ratio of 17.10 and a beta of 1.33.
SLM (NASDAQ:SLM) last issued its earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. SLM had a return on equity of 16.63% and a net margin of 22.95%. The company had revenue of $282.06 million for the quarter, compared to analysts’ expectations of $282.02 million. During the same period last year, the business earned $0.12 EPS. SLM’s quarterly revenue was up 26.3% compared to the same quarter last year. analysts anticipate that SLM Corporation will post 0.72 earnings per share for the current fiscal year.
SLM has been the subject of several recent analyst reports. BidaskClub raised shares of SLM from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. FBR & Co set a $13.00 price objective on shares of SLM and gave the stock a “buy” rating in a research report on Thursday, October 19th. Wedbush reaffirmed an “outperform” rating and set a $14.50 price objective on shares of SLM in a research report on Thursday, September 14th. Zacks Investment Research raised shares of SLM from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Finally, Citigroup initiated coverage on shares of SLM in a research report on Monday, October 16th. They set a “buy” rating and a $16.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $13.44.
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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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