SLM Corp (NASDAQ:SLM) EVP Laurent Charles Lutz sold 10,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $11.80, for a total transaction of $118,000.00. Following the sale, the executive vice president now directly owns 410,806 shares in the company, valued at approximately $4,847,510.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Laurent Charles Lutz also recently made the following trade(s):
- On Monday, February 5th, Laurent Charles Lutz sold 10,000 shares of SLM stock. The shares were sold at an average price of $11.40, for a total transaction of $114,000.00.
- 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 transaction of $1,442,150.40.
Shares of SLM Corp (NASDAQ SLM) opened at $10.91 on Wednesday. SLM Corp has a one year low of $9.65 and a one year high of $13.20. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 1.58. The stock has a market cap of $4,729.19, a price-to-earnings ratio of 15.00, a P/E/G ratio of 0.52 and a beta of 1.34.
SLM (NASDAQ:SLM) last announced its earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. SLM had a net margin of 20.23% and a return on equity of 16.65%. The company had revenue of $309.19 million for the quarter, compared to analysts’ expectations of $299.64 million. During the same quarter in the previous year, the company posted $0.15 EPS. equities analysts expect that SLM Corp will post 0.99 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of SLM from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 target price on shares of SLM in a report on Friday, December 22nd. Citigroup assumed coverage on shares of SLM in a report on Monday, January 8th. They issued an “outperform” rating and a $17.00 price target on the stock. BidaskClub cut shares of SLM from a “sell” rating to a “strong sell” rating in a report on Friday, January 19th. Finally, Oppenheimer set a $17.00 price target on shares of SLM and gave the company a “buy” rating in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $14.18.
Several hedge funds and other institutional investors have recently bought and sold shares of SLM. Fox Run Management L.L.C. purchased a new stake in SLM in the 4th quarter valued at about $650,000. Crossmark Global Holdings Inc. purchased a new stake in SLM in the 3rd quarter valued at about $666,000. Rhumbline Advisers raised its holdings 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 buying an additional 131,348 shares during the period. SG Americas Securities LLC raised its holdings 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 buying an additional 35,305 shares during the period. Finally, Selz Capital LLC raised its holdings in SLM by 174.6% in the 4th quarter. Selz Capital LLC now owns 933,635 shares of the credit services provider’s stock valued at $10,550,000 after buying an additional 593,635 shares during the period. Institutional investors and hedge funds own 98.87% 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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