SLM Corp (NASDAQ:SLM) was the recipient of some unusual options trading activity on Friday. Traders acquired 6,100 put options on the stock. This represents an increase of approximately 4,385% compared to the typical volume of 136 put options.

SLM has been the subject of several recent research reports. Zacks Investment Research cut shares of SLM from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. BidaskClub cut shares of SLM from a “sell” rating to a “strong sell” rating in a research report on Friday, October 13th. BMO Capital Markets reissued a “hold” rating and issued a $12.00 price target on shares of SLM in a research report on Friday, October 6th. Citigroup initiated coverage on shares of SLM in a research report on Monday, October 16th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.00 price target on shares of SLM in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.44.

In related news, SVP Jonathan Boyles sold 2,776 shares of SLM stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $11.65, for a total value of $32,340.40. Following the completion of the sale, the senior vice president now owns 173,728 shares in the company, valued at approximately $2,023,931.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Raymond J. Quinlan sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $11.52, for a total transaction of $2,304,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,080,133 shares of the company’s stock, valued at approximately $12,443,132.16. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in SLM. Rhumbline Advisers lifted its position in SLM by 16.9% in the third quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock valued at $10,431,000 after acquiring an additional 131,348 shares during the last quarter. Nationwide Fund Advisors lifted its position in SLM by 9.0% in the second quarter. Nationwide Fund Advisors now owns 1,442,598 shares of the credit services provider’s stock valued at $16,590,000 after acquiring an additional 119,024 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in SLM in the third quarter valued at $1,248,000. Crossmark Global Holdings Inc. purchased a new stake in SLM in the third quarter valued at $666,000. Finally, SG Americas Securities LLC lifted its position in SLM by 26.0% in the third quarter. SG Americas Securities LLC now owns 170,874 shares of the credit services provider’s stock valued at $1,960,000 after acquiring an additional 35,305 shares during the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

Shares of SLM (NASDAQ:SLM) opened at $11.71 on Monday. The stock has a market cap of $5,057.43, a price-to-earnings ratio of 17.48, a PEG ratio of 0.56 and a beta of 1.33. SLM has a 1 year low of $9.65 and a 1 year high of $13.20. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.33.

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

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About SLM

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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