Michael P. Zeisser Acquires 20,000 Shares of LendingClub Co. (NYSE:LC) Stock

LendingClub Co. (NYSE:LC) Director Michael P. Zeisser purchased 20,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was bought at an average price of $12.88 per share, for a total transaction of $257,600.00. Following the completion of the acquisition, the director now directly owns 148,018 shares in the company, valued at approximately $1,906,471.84. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

LendingClub Stock Performance

Shares of LC opened at $13.65 on Friday. The stock has a 50 day moving average price of $16.07 and a 200 day moving average price of $13.64. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 30.32 and a beta of 2.00. LendingClub Co. has a one year low of $7.48 and a one year high of $18.75.

Institutional Investors Weigh In On LendingClub

Large investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its position in LendingClub by 21.6% during the third quarter. Wellington Management Group LLP now owns 838,535 shares of the credit services provider’s stock worth $9,584,000 after acquiring an additional 148,685 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in LendingClub by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 998,148 shares of the credit services provider’s stock worth $11,409,000 after purchasing an additional 45,307 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of LendingClub during the 3rd quarter worth approximately $237,000. GSA Capital Partners LLP grew its position in shares of LendingClub by 47.3% in the third quarter. GSA Capital Partners LLP now owns 214,192 shares of the credit services provider’s stock valued at $2,448,000 after purchasing an additional 68,791 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of LendingClub by 153.2% in the third quarter. Quantbot Technologies LP now owns 158,763 shares of the credit services provider’s stock valued at $1,815,000 after purchasing an additional 96,053 shares during the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Analyst Upgrades and Downgrades

LC has been the topic of a number of analyst reports. Compass Point lifted their price objective on shares of LendingClub from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Maxim Group boosted their price target on LendingClub from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, October 25th. 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. StockNews.com lowered LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $16.00 target price (down from $17.00) on shares of LendingClub in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, LendingClub currently has a consensus rating of “Moderate Buy” and an average price target of $16.38.

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.