Barclays PLC Has $2.58 Million Stake in LendingClub Co. (NYSE:LC)

Barclays PLC grew its holdings in shares of LendingClub Co. (NYSE:LC) by 206.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,902 shares of the credit services provider’s stock after purchasing an additional 152,224 shares during the period. Barclays PLC owned about 0.20% of LendingClub worth $2,582,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. AlphaMark Advisors LLC bought a new stake in shares of LendingClub in the third quarter valued at approximately $32,000. FMR LLC raised its holdings in LendingClub by 32.1% in the 3rd 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 in the last quarter. Blue Trust Inc. lifted its position in shares of LendingClub by 259.8% during the 3rd 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 period. nVerses Capital LLC acquired a new stake in shares of LendingClub during the 2nd quarter worth $71,000. Finally, Innealta Capital LLC acquired a new stake in shares of LendingClub during the 2nd quarter worth $72,000. 74.08% of the stock is owned by institutional investors.

Insider Buying and Selling at LendingClub

In related news, Director John C. Morris sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $14.36, for a total value of $35,900.00. Following the sale, the director now directly owns 203,348 shares in the company, valued at $2,920,077.28. This represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Scott Sanborn sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.09, for a total transaction of $188,530.00. Following the transaction, the chief executive officer now owns 1,356,273 shares of the company’s stock, valued at approximately $15,041,067.57. The trade was a 1.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,500 shares of company stock worth $1,073,100. 3.31% of the stock is currently owned by company insiders.

LendingClub Stock Up 2.1 %

NYSE LC opened at $16.66 on Wednesday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 36.22 and a beta of 2.02. LendingClub Co. has a twelve month low of $7.48 and a twelve month high of $18.75. The business’s fifty day moving average is $15.18 and its 200 day moving average is $12.06.

LendingClub (NYSE:LC) last announced its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $201.90 million for the quarter, compared to analyst estimates 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 period last year, the firm posted $0.05 earnings per share. On average, research analysts anticipate that LendingClub Co. will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LC. Piper Sandler reaffirmed an “overweight” rating and set a $15.00 price objective (up previously from $13.00) on shares of LendingClub in a research report on Thursday, October 24th. Wedbush upped their price target on shares of LendingClub from $14.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Compass Point lifted 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. StockNews.com cut LendingClub from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $17.00 price target (up previously from $14.00) on shares of LendingClub in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

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.