Following the transaction, Strong retains ownership of approximately 83,130 shares, including Dividend Equivalent Units associated with Restricted Common Stock. This recent activity is part of the routine transactions by insiders at SLM (NASDAQ:SLM) Corp, which is known in the financial sector for its services related to personal credit institutions. The company maintains a healthy P/E ratio of 8.98 and has received an overall "GOOD" Financial Health Score from InvestingPro, which offers detailed insights through its comprehensive Pro Research Report, available for over 1,400 US stocks. The company maintains a healthy P/E ratio of 8.98 and has received an overall "GOOD" Financial Health Score from InvestingPro, which offers detailed insights through its comprehensive Pro Research Report, available for over 1,400 US stocks.
Following the transaction, Strong retains ownership of approximately 83,130 shares, including Dividend Equivalent Units associated with Restricted Common Stock. This recent activity is part of the routine transactions by insiders at SLM Corp, which is known in the financial sector for its services related to personal credit institutions.
In other recent news, Sallie Mae reported mixed results for the third quarter of 2024. Despite an earnings per share shortfall of $0.23, attributed to unexpected provision expenses, the company maintained confidence in its financial outlook. This optimism was bolstered by a 13% year-over-year increase in private education loan originations, reaching a total of $2.8 billion, surpassing expectations. Furthermore, BofA Securities reiterated its Buy rating on Sallie Mae, reflecting confidence in the company's market dominance and future performance. In addition to these developments, Sallie Mae also announced an increase in its quarterly common dividend from $0.11 to $0.13. The company revised its 2024 guidance for private education loan origination growth to 8%-9% and expects net charge-offs to range between $325 million-$340 million. These recent developments underscore Sallie Mae's resilience and strategic adjustments in navigating current challenges.
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