Stock Traders Buy High Volume of SLM Call Options (NASDAQ:SLM)

SLM Corp (NASDAQ:SLM) saw some unusual options trading on Thursday. Stock traders acquired 1,058 call options on the company. This is an increase of approximately 1,223% compared to the average volume of 80 call options.

Several equities research analysts recently commented on the company. Bank of America dropped their target price on SLM from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, January 26th. BidaskClub raised SLM from a “strong sell” rating to a “sell” rating in a report on Friday, January 26th. Oppenheimer set a $17.00 target price on SLM and gave the stock a “buy” rating in a report on Thursday, January 18th. B. Riley reissued a “buy” rating and set a $13.00 target price (down previously from $14.00) on shares of SLM in a report on Thursday, January 18th. Finally, Zacks Investment Research raised 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. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.18.

SLM (SLM) traded up $0.28 during midday trading on Monday, hitting $10.95. The company’s stock had a trading volume of 4,466,675 shares, compared to its average volume of 5,249,064. The company has a market capitalization of $4,608.26, a PE ratio of 17.66, a P/E/G ratio of 0.51 and a beta of 1.34. SLM has a 52 week low of $9.65 and a 52 week high of $13.20. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.37 and a quick ratio of 1.33.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $309.19 million for the quarter, compared to analysts’ expectations 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 company earned $0.15 earnings per share. sell-side analysts predict that SLM will post 0.99 earnings per share for the current year.

In other news, CEO Raymond J. Quinlan sold 200,000 shares of SLM stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $11.52, for a total transaction of $2,304,000.00. Following the sale, the chief executive officer now 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. Also, CFO Steven Mcgarry sold 13,836 shares of SLM stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $11.62, for a total value of $160,774.32. Following the sale, the chief financial officer now directly owns 366,433 shares in the company, valued at approximately $4,257,951.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,323 shares of company stock worth $4,317,997. Corporate insiders own 0.59% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of SLM. Crossmark Global Holdings Inc. purchased a new position in SLM during the 3rd quarter worth approximately $666,000. Fox Run Management L.L.C. purchased a new position in SLM during the 4th quarter worth approximately $650,000. Rhumbline Advisers grew its position in SLM by 16.9% during the 3rd quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock worth $10,431,000 after purchasing an additional 131,348 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in SLM during the 3rd quarter worth approximately $1,248,000. Finally, SG Americas Securities LLC grew its position in SLM by 26.0% during the 3rd quarter. SG Americas Securities LLC now owns 170,874 shares of the credit services provider’s stock worth $1,960,000 after purchasing an additional 35,305 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

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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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