Captrust Financial Advisors Acquires New Position in LendingClub Co. (NYSE:LC)

Captrust Financial Advisors acquired a new stake in LendingClub Co. (NYSE:LC) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,756 shares of the credit services provider’s stock, valued at approximately $237,000.

Other hedge funds have also added to or reduced their stakes in the company. AlphaMark Advisors LLC bought a new position in LendingClub in the third quarter valued at approximately $32,000. FMR LLC increased its stake in LendingClub by 32.1% in the third quarter. FMR LLC now owns 5,865 shares of the credit services provider’s stock valued at $67,000 after acquiring an additional 1,424 shares during the last quarter. nVerses Capital LLC bought a new position in LendingClub in the second quarter valued at approximately $71,000. Innealta Capital LLC bought a new position in LendingClub in the second quarter valued at approximately $72,000. Finally, Blue Trust Inc. increased its stake in LendingClub by 259.8% in the third quarter. Blue Trust Inc. now owns 7,267 shares of the credit services provider’s stock valued at $83,000 after acquiring an additional 5,247 shares during the last quarter. 74.08% of the stock is owned by institutional investors.

LendingClub Stock Performance

Shares of NYSE:LC opened at $16.56 on Monday. The firm has a market cap of $1.86 billion, a PE ratio of 36.00 and a beta of 2.02. The firm’s fifty day moving average is $14.60 and its 200-day moving average is $11.69. LendingClub Co. has a 52 week low of $7.48 and a 52 week high of $17.15.

LendingClub (NYSE:LC) last released its earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 6.85% and a return on equity of 4.02%. LendingClub’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. Sell-side analysts forecast that LendingClub Co. will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LC shares. Wedbush raised their target price on shares of LendingClub from $14.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods raised their target price on shares of LendingClub from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Maxim Group raised their target price on shares of LendingClub from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com lowered shares of LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, Compass Point raised their target price on shares of LendingClub from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Insider Activity at LendingClub

In other LendingClub news, CEO Scott Sanborn sold 17,000 shares of LendingClub stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $15.84, for a total value of $269,280.00. Following the completion of the sale, the chief executive officer now directly owns 1,329,184 shares of the company’s stock, valued at approximately $21,054,274.56. The trade was a 1.26 % 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 on Tuesday, October 29th. The shares were sold at an average price of $14.36, for a total transaction of $35,900.00. Following the completion of the sale, the director now directly owns 203,348 shares of the company’s stock, valued at approximately $2,920,077.28. This trade represents 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 $1,073,100 over the last quarter. Company insiders own 3.31% of the company’s stock.

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.