LendingClub Co. (NYSE:LC) Shares Bought by Swiss National Bank

Swiss National Bank increased its position in LendingClub Co. (NYSE:LC) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 219,960 shares of the credit services provider’s stock after purchasing an additional 3,600 shares during the quarter. Swiss National Bank’s holdings in LendingClub were worth $3,561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LC. SBI Securities Co. Ltd. acquired a new stake in shares of LendingClub in the fourth quarter valued at approximately $45,000. FMR LLC increased its position 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 during the period. Jones Financial Companies Lllp increased its position in LendingClub by 49.2% in the 4th quarter. Jones Financial Companies Lllp now owns 5,986 shares of the credit services provider’s stock valued at $97,000 after acquiring an additional 1,975 shares during the period. Sanctuary Advisors LLC bought a new stake in LendingClub during the 4th quarter valued at $164,000. Finally, Vontobel Holding Ltd. acquired a new position in LendingClub during the 4th quarter worth $166,000. 74.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, 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 completion of the sale, the general counsel now directly owns 88,263 shares of the company’s stock, valued at $1,244,508.30. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Scott Sanborn sold 17,000 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $13.76, for a total value of $233,920.00. Following the sale, the chief executive officer now owns 1,295,184 shares in the company, valued at approximately $17,821,731.84. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,000 shares of company stock worth $606,660 in the last ninety days. 3.31% of the stock is currently owned by corporate insiders.

LendingClub Trading Down 1.8 %

Shares of NYSE LC opened at $11.44 on Wednesday. LendingClub Co. has a twelve month low of $7.48 and a twelve month high of $18.75. The firm has a 50-day moving average of $13.29 and a two-hundred day moving average of $13.91. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 25.42 and a beta of 2.07.

Analysts Set New Price Targets

A number of research analysts have recently commented on LC shares. JPMorgan Chase & Co. lowered their price target on LendingClub from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Piper Sandler reissued an “overweight” rating and set a $19.00 target price (down previously from $20.00) on shares of LendingClub in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $16.00 price target (down from $17.00) on shares of LendingClub in a research note 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 issued a buy rating to the stock. According to MarketBeat, LendingClub has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.