2 weeks Ago By ABMN Staff
Wells Fargo & Company MN increased its stake in shares of LendingClub Co. ( NYSE:LC – Free Report ) by 277.9% in the 4th quarter, HoldingsChannel reports.
The firm owned 191,206 shares of the credit services provider’s stock after buying an additional 140,611 shares during the quarter. Wells Fargo & Company MN’s holdings in LendingClub were worth $3,096,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also made changes to their positions in LC.
Wellington Management Group LLP lifted its position in LendingClub by 353.1% during the fourth quarter. Wellington Management Group LLP now owns 3,799,585 shares of the credit services provider’s stock worth $61,515,000 after buying an additional 2,961,050 shares during the period.
Geode Capital Management LLC increased its position in shares of LendingClub by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,559,805 shares of the credit services provider’s stock worth $29,265,000 after acquiring an additional 42,429 shares during the last quarter.
American Century Companies Inc. raised its holdings in LendingClub by 9.3% in the fourth quarter.
American Century Companies Inc. now owns 1,895,699 shares of the credit services provider’s stock valued at $30,691,000 after acquiring an additional 160,916 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in LendingClub by 158.
6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,522,360 shares of the credit services provider’s stock valued at $24,647,000 after buying an additional 933,680 shares in the last quarter. Finally, JPMorgan Chase & Co.
lifted its position in shares of LendingClub by 4.8% in the 3rd quarter. JPMorgan Chase & Co.
now owns 998,148 shares of the credit services provider’s stock worth $11,409,000 after buying an additional 45,307 shares during the last quarter. 74.08% of the stock is currently owned by hedge funds and other institutional investors.
LendingClub Trading Up 3.9 % Shares of NYSE LC opened at $10.25 on Thursday.
The company has a 50-day moving average of $10.88 and a two-hundred day moving average of $13.65.
LendingClub Co. has a 1-year low of $7.48 and a 1-year high of $18.
75. The company has a market cap of $1.17 billion, a PE ratio of 22.
78 and a beta of 2.09. Wall Street Analyst Weigh In Check Out Our Latest Stock Report on LC Insider Transactions at LendingClub In related news, CEO Scott Sanborn sold 5,250 shares of the stock in a transaction that occurred on Wednesday, April 9th.
The shares were sold at an average price of $10.00, for a total value of $52,500.00.
Following the sale, the chief executive officer now directly owns 1,303,032 shares in the company, valued at $13,030,320. This trade represents a 0.40 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which is available at this link . Also, Director Michael P. Zeisser acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd.
The shares were acquired at an average cost of $12.88 per share, for a total transaction of $257,600.00.
Following the purchase, the director now directly owns 148,018 shares in the company, valued at $1,906,471.84. This trade represents a 15.
62 % increase in their position. The disclosure for this purchase can be found here . Insiders sold a total of 29,250 shares of company stock worth $385,120 over the last 90 days.
3.31% of the stock is owned by insiders. LendingClub Profile ( Free Report ) LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States.
It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans. Featured Articles Want to see what other hedge funds are holding LC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for LendingClub Co. ( NYSE:LC – Free Report ). Receive News & Ratings for LendingClub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingClub and related companies with MarketBeat.
com's FREE daily email newsletter ..
