2 weeks Ago By ABMN Staff
LPL Financial LLC purchased a new position in shares of LendingClub Co. ( NYSE:LC – Free Report ) during the 4th quarter, HoldingsChannel.com reports.
The institutional investor purchased 36,705 shares of the credit services provider’s stock, valued at approximately $594,000. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings 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 buying an additional 42,429 shares during the last quarter. American Century Companies Inc.
grew its stake in shares of LendingClub by 9.3% in the 4th quarter. American Century Companies Inc.
now owns 1,895,699 shares of the credit services provider’s stock valued at $30,691,000 after purchasing an additional 160,916 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 valued at $11,409,000 after purchasing an additional 45,307 shares during the last quarter.
Charles Schwab Investment Management Inc. raised its stake in shares of LendingClub by 2.6% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 924,843 shares of the credit services provider’s stock worth $14,973,000 after purchasing an additional 23,486 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of LendingClub during the fourth quarter worth $9,788,000.
Hedge funds and other institutional investors own 74.08% of the company’s stock. Analyst Ratings Changes LC has been the topic of several recent research reports.
JPMorgan Chase & Co. dropped their price objective on shares of LendingClub from $17.00 to $14.
00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. StockNews.com raised shares of LendingClub from a “sell” rating to a “hold” rating in a report on Friday, April 4th.
Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 price objective (down previously from $20.00) on shares of LendingClub in a report on Wednesday, January 29th.
Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $16.00 price target (down from $17.00) on shares of LendingClub in a report on Wednesday, January 29th.
Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.
00. Insiders Place Their Bets In other LendingClub news, CEO Scott Sanborn sold 5,250 shares of the company’s stock in a transaction dated 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 owns 1,303,032 shares of the company’s stock, valued at $13,030,320.
This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, General Counsel Jordan Cheng sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $14.10, for a total transaction of $98,700.
00. Following the transaction, the general counsel now directly owns 88,263 shares of the company’s stock, valued at approximately $1,244,508.30.
This trade represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Over the last ninety days, insiders have sold 29,250 shares of company stock worth $385,120. 3.31% of the stock is owned by corporate insiders.
LendingClub Price Performance Shares of NYSE:LC opened at $10.25 on Thursday. LendingClub Co.
has a 12 month low of $7.48 and a 12 month high of $18.75.
The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 22.78 and a beta of 2.
09. The business’s 50 day simple moving average is $10.88 and its 200-day simple moving average is $13.
65. LendingClub Company 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 Stories 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.
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