Raymond J. Quinlan Sells 200,000 Shares of SLM Corporation (SLM) Stock

SLM Corporation (NASDAQ:SLM) CEO Raymond J. Quinlan sold 200,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $11.52, for a total value of $2,304,000.00. Following the transaction, the chief executive officer now directly owns 1,080,133 shares of the company’s stock, valued at $12,443,132.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of SLM Corporation (SLM) opened at $11.49 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $5,096.30, a P/E ratio of 17.10 and a beta of 1.33. SLM Corporation has a one year low of $9.65 and a one year high of $13.20.

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

Hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in SLM in the 3rd quarter valued at approximately $115,000. Crossmark Global Holdings Inc. purchased a new position in SLM in the 3rd quarter valued at approximately $666,000. Canada Pension Plan Investment Board purchased a new position in SLM in the 3rd quarter valued at approximately $1,248,000. SG Americas Securities LLC increased its stake in SLM by 7.9% in the 2nd quarter. SG Americas Securities LLC now owns 135,569 shares of the credit services provider’s stock valued at $1,559,000 after purchasing an additional 9,887 shares in the last quarter. Finally, Aperio Group LLC increased its stake in SLM by 10.9% in the 2nd quarter. Aperio Group LLC now owns 180,916 shares of the credit services provider’s stock valued at $2,081,000 after purchasing an additional 17,722 shares in the last quarter. 99.26% of the stock is owned by institutional investors and hedge funds.

SLM has been the subject of a number of research analyst reports. FBR & Co reissued a “buy” rating and issued a $13.00 target price on shares of SLM in a research report on Tuesday, September 19th. Citigroup initiated coverage on SLM in a research report on Monday, October 16th. They issued a “buy” rating and a $16.00 target price for the company. Zacks Investment Research raised SLM from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. BMO Capital Markets reissued a “hold” rating and issued a $12.00 target price on shares of SLM in a research report on Friday, October 6th. Finally, Wedbush reissued an “outperform” rating and issued a $14.50 target price on shares of SLM in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $13.44.

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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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