SLM Corp (SLM) EVP Sells $114,000.00 in Stock

SLM Corp (NASDAQ:SLM) EVP Laurent Charles Lutz sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $11.40, for a total value of $114,000.00. Following the transaction, the executive vice president now owns 410,806 shares in the company, valued at approximately $4,683,188.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Laurent Charles Lutz also recently made the following trade(s):

  • On Friday, February 2nd, Laurent Charles Lutz sold 10,000 shares of SLM stock. The stock was sold at an average price of $11.80, for a total value of $118,000.00.
  • On Wednesday, January 24th, Laurent Charles Lutz sold 125,952 shares of SLM stock. The stock was sold at an average price of $11.45, for a total value of $1,442,150.40.

SLM Corp (NASDAQ:SLM) traded up $0.11 during trading on Tuesday, hitting $11.05. The company had a trading volume of 11,937,147 shares, compared to its average volume of 5,266,926. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.37 and a quick ratio of 1.33. The stock has a market cap of $4,770.00, a P/E ratio of 17.82, a P/E/G ratio of 0.55 and a beta of 1.33. SLM Corp has a 52 week low of $9.65 and a 52 week high of $13.20.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $309.19 million for the quarter, compared to the consensus estimate 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 EPS. research analysts predict that SLM Corp will post 0.99 earnings per share for the current fiscal year.

A number of research firms have weighed in on SLM. Zacks Investment Research upgraded SLM from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Thursday, January 11th. FBR & Co set a $13.00 price target on SLM and gave the stock a “buy” rating in a research note on Thursday, October 19th. BidaskClub upgraded SLM from a “strong sell” rating to a “sell” rating in a research note on Friday, October 20th. Bank of America cut their price target on SLM from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, Citigroup began coverage on SLM in a research note on Monday, October 16th. They issued a “buy” rating and a $16.00 price target on the stock. Two 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’s stock. The company currently has a consensus rating of “Buy” and an average target price of $14.18.

A number of hedge funds have recently added to or reduced their stakes in SLM. Aperio Group LLC lifted its position in SLM by 3.9% in the 3rd quarter. Aperio Group LLC now owns 188,045 shares of the credit services provider’s stock valued at $2,157,000 after acquiring an additional 7,129 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in SLM in the 3rd quarter valued at approximately $666,000. Canada Pension Plan Investment Board bought a new position in SLM in the 3rd quarter valued at approximately $1,248,000. Rhumbline Advisers lifted its position in SLM by 16.9% in the 3rd 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 in the last quarter. Finally, SG Americas Securities LLC lifted its position in SLM by 26.0% in the 3rd 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 in the last quarter. 99.60% of the stock is currently owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for SLM (NASDAQ:SLM)

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