LendingClub Co. (NYSE:LC) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in LendingClub Co. (NYSE:LC) by 153.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 158,763 shares of the credit services provider’s stock after acquiring an additional 96,053 shares during the quarter. Quantbot Technologies LP owned approximately 0.14% of LendingClub worth $1,815,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Baader Bank Aktiengesellschaft acquired a new position in shares of LendingClub in the second quarter worth about $600,000. GSA Capital Partners LLP lifted its holdings in LendingClub by 47.3% during the 3rd quarter. GSA Capital Partners LLP now owns 214,192 shares of the credit services provider’s stock worth $2,448,000 after buying an additional 68,791 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in LendingClub by 813.3% during the 3rd quarter. International Assets Investment Management LLC now owns 181,737 shares of the credit services provider’s stock worth $2,077,000 after buying an additional 161,837 shares during the last quarter. Quest Partners LLC lifted its holdings in LendingClub by 196.0% during the 3rd quarter. Quest Partners LLC now owns 141,214 shares of the credit services provider’s stock worth $1,614,000 after buying an additional 93,506 shares during the last quarter. Finally, Alpha DNA Investment Management LLC bought a new position in LendingClub during the 3rd quarter worth approximately $411,000. Institutional investors and hedge funds own 74.08% of the company’s stock.

LendingClub Stock Up 0.8 %

Shares of LendingClub stock opened at $16.63 on Friday. The stock has a market cap of $1.87 billion, a PE ratio of 36.15 and a beta of 2.01. The business has a fifty day simple moving average of $13.63 and a 200-day simple moving average of $11.21. LendingClub Co. has a 12 month low of $6.16 and a 12 month high of $17.15.

LendingClub (NYSE:LC) last released its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $190.40 million. LendingClub had a return on equity of 4.02% and a net margin of 6.85%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. Analysts expect that LendingClub Co. will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

LC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised LendingClub from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $11.50 to $15.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. increased their target price on LendingClub from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Piper Sandler reiterated an “overweight” rating and set a $15.00 price target (up from $13.00) on shares of LendingClub in a research report on Thursday, October 24th. Compass Point increased their price target on LendingClub from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, StockNews.com cut LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, LendingClub has a consensus rating of “Moderate Buy” and an average price target of $15.38.

Insider Buying and Selling at LendingClub

In other news, CEO Scott Sanborn sold 17,000 shares of LendingClub stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $14.89, for a total value of $253,130.00. Following the transaction, the chief executive officer now directly owns 1,339,273 shares in the company, valued at approximately $19,941,774.97. The trade was a 1.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John C. Morris sold 2,500 shares of LendingClub stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $14.36, for a total value of $35,900.00. Following the completion of the transaction, the director now owns 203,348 shares in the company, valued at $2,920,077.28. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,500 shares of company stock worth $996,940 over the last three months. Corporate insiders own 3.31% of the company’s stock.

About LendingClub

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.