LendingClub Co. (NYSE:LC) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP boosted its position in LendingClub Co. (NYSE:LC) by 18.5% during the third quarter, Holdings Channel.com reports. The fund owned 31,542 shares of the credit services provider’s stock after purchasing an additional 4,917 shares during the quarter. Aigen Investment Management LP’s holdings in LendingClub were worth $361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LC. AlphaMark Advisors LLC purchased a new stake in shares of LendingClub during the 3rd quarter worth about $32,000. EntryPoint Capital LLC grew its stake in LendingClub by 44.9% during the first quarter. EntryPoint Capital LLC now owns 7,514 shares of the credit services provider’s stock worth $66,000 after buying an additional 2,328 shares during the period. nVerses Capital LLC acquired a new stake in shares of LendingClub in the second quarter worth $71,000. Innealta Capital LLC purchased a new position in shares of LendingClub in the 2nd quarter valued at $72,000. Finally, Blue Trust Inc. lifted its holdings 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 in the last quarter. 74.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John C. Morris sold 2,500 shares of LendingClub stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $14.36, for a total value of $35,900.00. Following the completion of the transaction, the director now directly owns 203,348 shares of the company’s stock, valued at approximately $2,920,077.28. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Jordan Cheng sold 22,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $14.83, for a total transaction of $326,260.00. Following the sale, the general counsel now directly owns 89,385 shares of the company’s stock, valued at approximately $1,325,579.55. This represents a 19.75 % 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 $996,940. 3.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Jefferies Financial Group raised their price objective on LendingClub from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Keefe, Bruyette & Woods upgraded LendingClub from a “market perform” rating to an “outperform” rating and raised their target price for the company from $11.50 to $15.00 in a report on Thursday, October 10th. Compass Point upped their price target on LendingClub from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wedbush lifted their price objective on shares of LendingClub from $14.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of LendingClub from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.38.

LendingClub Price Performance

LC opened at $15.13 on Friday. LendingClub Co. has a 12-month low of $5.38 and a 12-month high of $16.16. The stock has a market capitalization of $1.70 billion, a PE ratio of 33.50 and a beta of 2.01. The firm’s fifty day moving average price is $12.44 and its 200 day moving average price is $10.63.

LendingClub (NYSE:LC) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. LendingClub had a return on equity of 4.02% and a net margin of 6.85%. The business had revenue of $201.90 million during the quarter, compared to the consensus estimate of $190.40 million. During the same period last year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts forecast that LendingClub Co. will post 0.47 earnings per share for the current fiscal year.

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.