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

SLM Corp (NASDAQ:SLM) EVP Laurent Charles Lutz sold 10,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $11.40, for a total value of $114,000.00. Following the completion of the transaction, the executive vice president now directly 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 can be accessed 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 shares were 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 shares were sold at an average price of $11.45, for a total value of $1,442,150.40.

Shares of SLM Corp (NASDAQ SLM) opened at $10.70 on Friday. The company has a market capitalization of $4,828.53, a price-to-earnings ratio of 15.31, a P/E/G ratio of 0.54 and a beta of 1.34. SLM Corp has a 12 month low of $9.65 and a 12 month high of $13.20. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.33 and a current ratio of 1.37.

SLM (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, January 17th. The credit services provider reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The business 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 last year, the business posted $0.15 EPS. analysts expect that SLM Corp will post 0.99 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on SLM. Zacks Investment Research raised SLM from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Thursday, January 11th. FBR & Co set a $13.00 price target on SLM and gave the company a “buy” rating in a research note on Thursday, October 19th. BidaskClub raised 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 equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $14.18.

A number of institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its stake in SLM by 12.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 714,074 shares of the credit services provider’s stock worth $8,069,000 after buying an additional 81,491 shares during the period. First Trust Advisors LP raised its stake in SLM by 131.8% during the 4th quarter. First Trust Advisors LP now owns 319,399 shares of the credit services provider’s stock worth $3,609,000 after buying an additional 181,579 shares during the period. New Mexico Educational Retirement Board acquired a new stake in SLM during the 4th quarter worth $1,207,000. Heritage Investors Management Corp raised its stake in SLM by 3.0% during the 4th quarter. Heritage Investors Management Corp now owns 578,091 shares of the credit services provider’s stock worth $6,532,000 after buying an additional 16,705 shares during the period. Finally, Swiss National Bank raised its stake in SLM by 2.8% during the 4th quarter. Swiss National Bank now owns 734,992 shares of the credit services provider’s stock worth $8,305,000 after buying an additional 20,200 shares during the period. 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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