November 30, 2016 - By olga
Ronald Hunt, the director of Slm Corp, acquired 600 shares of the company, valued by the market at about $29,999 U.S Dollars, calculated based on $50.0 for each one share. Ronald Hunt currently holds 0.00% of the market cap of the company.
Out of 4 analysts covering Sallie Mae (NASDAQ:SLM), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $11 is the highest target while $8 is the lowest. The $8.50 average target is -15.59% below today’s ($10.07) stock price. Sallie Mae has been the topic of 6 analyst reports since October 12, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by JP Morgan on Monday, November 30. The stock of SLM Corp (NASDAQ:SLM) has “Buy” rating given on Wednesday, January 13 by Goldman Sachs. The stock has “Buy” rating given by Citigroup on Thursday, July 14. The firm has “Buy” rating given on Wednesday, August 10 by Goldman Sachs. The firm has “Buy” rating given on Thursday, January 21 by Compass Point. The stock has “Buy” rating given by Compass Point on Monday, October 12.
Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 0.15, from 1.31 in 2016Q1. The ratio worsened, as 30 funds sold all SLM Corp shares owned while 63 reduced positions. 30 funds bought stakes while 92 increased positions. They now own 426.22 million shares or 6.70% more from 399.45 million shares in 2016Q1.
Moreover, Metropolitan Life Insurance Company Ny has 0.02% invested in SLM Corp (NASDAQ:SLM) for 401,918 shares. Analytic Invsts Ltd Liability Co accumulated 0.09% or 1.29M shares. Bluecrest Cap Mgmt accumulated 0.01% or 54,818 shares. Hightower Advsrs Ltd Liability Com holds 0% or 12,153 shares in its portfolio. Teachers Retirement System Of The State Of Kentucky owns 98,300 shares or 0.01% of their US portfolio. Wasatch has invested 0.03% of its portfolio in SLM Corp (NASDAQ:SLM). Moreover, Pnc Svcs Gru has 0% invested in SLM Corp (NASDAQ:SLM) for 39,208 shares. Retirement Of Alabama holds 0.02% of its portfolio in SLM Corp (NASDAQ:SLM) for 552,010 shares. Sg Americas Secs Ltd Liability owns 784,085 shares or 0.03% of their US portfolio. The Pennsylvania-based Tfs Capital Ltd Llc has invested 0.16% in SLM Corp (NASDAQ:SLM). Css Lc Il last reported 0.01% of its portfolio in the stock. Blackrock has invested 0% of its portfolio in SLM Corp (NASDAQ:SLM). State Street Corp, a Massachusetts-based fund reported 11.44M shares. Calvert Management accumulated 31,985 shares or 0.01% of the stock. Cornerstone Inc, a Washington-based fund reported 190 shares.
Insider Transactions: Since October 28, 2016, the stock had 3 insider purchases, and 1 sale for $13,367 net activity. Lutz Laurent Charles also sold $198,333 worth of SLM Corp (NASDAQ:SLM) on Wednesday, November 16. KELER MARIANNE M bought 10,000 shares worth $71,200. SHIEBLER WILLIAM N bought $70,200 worth of SLM Corp (NASDAQ:SLM) on Thursday, November 3. GOODE EARL A bought $70,300 worth of stock or 10,000 shares.
The stock increased 3.28% or $0.32 during the last trading session, hitting $10.07. About 4.71 million shares traded hands or 0.21% up from the average. SLM Corp (NASDAQ:SLM) has risen 42.96% since April 27, 2016 and is uptrending. It has outperformed by 37.74% the S&P500.
SLM Corporation is a holding company. The company has a market cap of $4.35 billion. The Company’s primary business is to originate and service loans it makes to students and their families to finance the cost of their education. It has a 17.44 P/E ratio. The Firm is a saving, planning and paying for education company.
According to Zacks Investment Research, “SLM Corporation is the one of nation’s largest private sources of funding and servicing support for higher education loans for students and their parents. The company provides a wide range of financial services, processing capabilities and information technology to meet the needs of educational institutions, lenders, students and guarantee agencies.”
Analysts await SLM Corp (NASDAQ:SLM) to report earnings on January, 18. They expect $0.15 EPS, down 25.00% or $0.05 from last year’s $0.2 per share. SLM’s profit will be $64.80M for 16.78 P/E if the $0.15 EPS becomes a reality. After $0.12 actual EPS reported by SLM Corp for the previous quarter, Wall Street now forecasts 25.00% EPS growth.
SLM Corporation, incorporated on December 2, 2013, is a holding company. The Company’s primary business is to originate and service loans it makes to students and their families to finance the cost of their education. The Firm is a saving, planning and paying for education company. It is engaged in originating and servicing Private Education Loans it makes to students and their families. The Firm uses Private Education Loans to mean education loans to students or their families that are not made, insured or guaranteed by any state or federal government. The Firm also operates Upromise, Inc. (Upromise), a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
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