SG Americas Securities LLC Grows Holdings in LendingClub Co. (NYSE:LC)

SG Americas Securities LLC raised its position in LendingClub Co. (NYSE:LC) by 699.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 318,745 shares of the credit services provider’s stock after buying an additional 278,879 shares during the period. SG Americas Securities LLC owned 0.28% of LendingClub worth $5,160,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its position in shares of LendingClub by 120.3% during the third 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 acquiring an additional 828,958 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of LendingClub by 98.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,547,342 shares of the credit services provider’s stock valued at $17,686,000 after purchasing an additional 766,287 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of LendingClub by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,898,545 shares of the credit services provider’s stock worth $49,901,000 after purchasing an additional 300,536 shares during the period. Marshall Wace LLP purchased a new position in shares of LendingClub in the 2nd quarter worth about $2,412,000. Finally, Cubist Systematic Strategies LLC grew its position in LendingClub by 212.4% during the second quarter. Cubist Systematic Strategies LLC now owns 345,079 shares of the credit services provider’s stock valued at $2,919,000 after buying an additional 234,611 shares during the period. Institutional investors own 74.08% of the company’s stock.

Insider Buying and Selling at LendingClub

In related news, Director John C. Morris sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $14.36, for a total transaction of $35,900.00. Following the completion of the transaction, the director now directly owns 203,348 shares in the company, valued at $2,920,077.28. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Jordan Cheng sold 22,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $14.83, for a total value of $326,260.00. Following the completion of the transaction, the general counsel now owns 89,385 shares in the company, valued at $1,325,579.55. This represents a 19.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,500 shares of company stock valued at $1,158,610 in the last three months. Company insiders own 3.31% of the company’s stock.

LendingClub Stock Up 0.7 %

Shares of NYSE LC opened at $17.05 on Friday. The company has a market cap of $1.92 billion, a P/E ratio of 37.07 and a beta of 2.03. LendingClub Co. has a 52 week low of $7.48 and a 52 week high of $18.75. The business has a 50-day simple moving average of $16.31 and a two-hundred day simple moving average of $13.36.

LendingClub (NYSE:LC) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. LendingClub had a net margin of 6.85% and a return on equity of 4.02%. The company had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $190.40 million. During the same quarter in the previous year, the company earned $0.05 earnings per share. LendingClub’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts anticipate that LendingClub Co. will post 0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on LC. StockNews.com lowered shares of LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Maxim Group lifted their price target on shares of LendingClub from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Piper Sandler increased their price objective on LendingClub from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Wedbush boosted their target price on LendingClub from $14.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Compass Point increased their price target on LendingClub from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has assigned 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 target price of $16.63.

About LendingClub

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.