Vontobel Holding Ltd. Purchases New Holdings in LendingClub Co. (NYSE:LC)

Vontobel Holding Ltd. purchased a new stake in LendingClub Co. (NYSE:LC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,274 shares of the credit services provider’s stock, valued at approximately $166,000.

Several other hedge funds have also made changes to their positions in LC. Creative Planning lifted its position in shares of LendingClub by 20.3% in the 3rd quarter. Creative Planning now owns 33,695 shares of the credit services provider’s stock valued at $385,000 after acquiring an additional 5,695 shares in the last quarter. Blue Trust Inc. increased its stake in LendingClub by 259.8% in the 3rd quarter. Blue Trust Inc. now owns 7,267 shares of the credit services provider’s stock valued at $83,000 after buying an additional 5,247 shares during the period. International Assets Investment Management LLC increased its stake in LendingClub by 813.3% in the 3rd quarter. International Assets Investment Management LLC now owns 181,737 shares of the credit services provider’s stock valued at $2,077,000 after buying an additional 161,837 shares during the period. Assenagon Asset Management S.A. increased its stake in LendingClub by 120.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,517,986 shares of the credit services provider’s stock valued at $17,351,000 after buying an additional 828,958 shares during the period. Finally, SteelPeak Wealth LLC acquired a new position in LendingClub in the 3rd quarter valued at approximately $562,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

LendingClub Stock Down 4.2 %

Shares of LC opened at $13.02 on Friday. The company’s fifty day moving average is $15.56 and its 200-day moving average is $13.83. LendingClub Co. has a 12 month low of $7.48 and a 12 month high of $18.75. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 28.92 and a beta of 2.00.

Insider Buying and Selling

In other news, Director Michael P. Zeisser acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average cost of $12.88 per share, with a total value of $257,600.00. Following the acquisition, the director now owns 148,018 shares in the company, valued at approximately $1,906,471.84. This represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Jordan Cheng sold 7,000 shares of the company’s stock in a transaction 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 sale, the general counsel now directly owns 88,263 shares of the company’s stock, valued at approximately $1,244,508.30. This represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 58,000 shares of company stock valued at $875,940. Company insiders own 3.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. StockNews.com lowered shares of LendingClub from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Piper Sandler reiterated an “overweight” rating and issued a $19.00 price objective (down previously from $20.00) on shares of LendingClub in a research note on Wednesday, January 29th. Compass Point upped their price objective on shares of LendingClub from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $16.00 price objective (down previously from $17.00) on shares of LendingClub in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $17.00 price objective (up previously from $14.00) on shares of LendingClub in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, LendingClub currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

LendingClub 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.