LendingClub Co. (NYSE:LC) Holdings Boosted by WINTON GROUP Ltd

WINTON GROUP Ltd raised its holdings in shares of LendingClub Co. (NYSE:LCFree Report) by 55.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,087 shares of the credit services provider’s stock after buying an additional 9,327 shares during the period. WINTON GROUP Ltd’s holdings in LendingClub were worth $159,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in LendingClub by 11.8% in the 3rd quarter. Vanguard Group Inc. now owns 13,111,119 shares of the credit services provider’s stock worth $144,878,000 after purchasing an additional 1,381,527 shares during the period. Jackson Square Partners LLC boosted its stake in shares of LendingClub by 4.9% during the 2nd quarter. Jackson Square Partners LLC now owns 9,177,558 shares of the credit services provider’s stock valued at $89,481,000 after buying an additional 432,341 shares during the period. BlackRock Inc. boosted its stake in shares of LendingClub by 4.4% during the 2nd quarter. BlackRock Inc. now owns 8,271,272 shares of the credit services provider’s stock valued at $80,645,000 after buying an additional 349,314 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of LendingClub by 19.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,118,939 shares of the credit services provider’s stock valued at $30,411,000 after buying an additional 505,118 shares during the period. Finally, State Street Corp boosted its stake in shares of LendingClub by 11.4% during the 2nd quarter. State Street Corp now owns 2,709,576 shares of the credit services provider’s stock valued at $26,418,000 after buying an additional 278,215 shares during the period. 75.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LC has been the subject of a number of research reports. Wedbush reissued an “outperform” rating and set a $11.00 target price on shares of LendingClub in a research note on Wednesday, January 31st. Piper Sandler initiated coverage on shares of LendingClub in a research note on Tuesday, November 28th. They set an “overweight” rating and a $8.00 target price for the company. Finally, StockNews.com lowered shares of LendingClub from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.08.

Get Our Latest Research Report on LC

LendingClub Stock Up 2.3 %

LendingClub stock opened at $8.15 on Friday. The company has a market capitalization of $899.29 million, a P/E ratio of 22.63 and a beta of 2.01. The firm’s fifty day simple moving average is $8.58 and its 200-day simple moving average is $7.05. The company has a current ratio of 0.89, a quick ratio of 0.94 and a debt-to-equity ratio of 0.01. LendingClub Co. has a 1-year low of $4.73 and a 1-year high of $10.92.

LendingClub (NYSE:LCGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $185.60 million for the quarter, compared to the consensus estimate of $182.13 million. LendingClub had a net margin of 4.50% and a return on equity of 3.21%. LendingClub’s revenue for the quarter was down 29.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. Sell-side analysts forecast that LendingClub Co. will post 0.23 earnings per share for the current fiscal year.

About LendingClub

(Free Report)

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association 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.

See Also

Institutional Ownership by Quarter for LendingClub (NYSE:LC)

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