Blue Trust Inc. Purchases 5,247 Shares of LendingClub Co. (NYSE:LC)

Blue Trust Inc. raised its holdings in shares of LendingClub Co. (NYSE:LC) by 259.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,267 shares of the credit services provider’s stock after purchasing an additional 5,247 shares during the period. Blue Trust Inc.’s holdings in LendingClub were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Baader Bank Aktiengesellschaft bought a new position in LendingClub in the second quarter valued at approximately $600,000. Capstone Investment Advisors LLC bought a new position in shares of LendingClub in the 1st quarter worth $164,000. Vanguard Group Inc. boosted its position in shares of LendingClub by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 11,270,308 shares of the credit services provider’s stock worth $98,502,000 after purchasing an additional 336,827 shares during the last quarter. Interval Partners LP grew its stake in shares of LendingClub by 54.3% during the second quarter. Interval Partners LP now owns 495,039 shares of the credit services provider’s stock worth $4,188,000 after purchasing an additional 174,130 shares during the period. Finally, Empowered Funds LLC lifted its stake in LendingClub by 8.2% in the first quarter. Empowered Funds LLC now owns 314,729 shares of the credit services provider’s stock valued at $2,766,000 after buying an additional 23,790 shares during the period. Institutional investors own 74.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $15.00 price target (up from $13.00) on shares of LendingClub in a research note on Thursday, October 24th. Compass Point boosted their price target on shares of LendingClub from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods raised LendingClub from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $11.50 to $15.00 in a research note on Thursday, October 10th. Maxim Group increased their price target on LendingClub from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, StockNews.com lowered LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, LendingClub has a consensus rating of “Moderate Buy” and an average target price of $15.38.

Insiders Place Their Bets

In other LendingClub news, CEO Scott Sanborn sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $11.36, for a total value of $193,120.00. Following the completion of the transaction, the chief executive officer now directly owns 1,373,273 shares in the company, valued at $15,600,381.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 51,703 shares of company stock valued at $562,705 in the last three months. 3.31% of the stock is currently owned by corporate insiders.

LendingClub Stock Performance

NYSE LC opened at $14.15 on Wednesday. LendingClub Co. has a 52 week low of $4.98 and a 52 week high of $15.52. The stock’s 50 day moving average price is $11.81 and its two-hundred day moving average price is $10.12. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 41.60 and a beta of 2.04.

LendingClub (NYSE:LC) last announced its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The business had revenue of $201.90 million for the quarter, compared to analyst estimates of $190.40 million. LendingClub had a net margin of 5.61% and a return on equity of 3.38%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, equities research analysts forecast that LendingClub Co. will post 0.39 EPS for the current year.

LendingClub Company Profile

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.