Dimensional Fund Advisors LP Acquires 73,515 Shares of LendingClub Co. (NYSE:LC)

Dimensional Fund Advisors LP raised its holdings in shares of LendingClub Co. (NYSE:LCFree Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,652,580 shares of the credit services provider’s stock after purchasing an additional 73,515 shares during the period. Dimensional Fund Advisors LP’s holdings in LendingClub were worth $40,664,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of LendingClub by 39.4% during the third quarter. Principal Financial Group Inc. now owns 15,761 shares of the credit services provider’s stock valued at $96,000 after acquiring an additional 4,455 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of LendingClub by 272.6% in the 3rd quarter. Victory Capital Management Inc. now owns 41,307 shares of the credit services provider’s stock worth $252,000 after purchasing an additional 30,221 shares during the period. Jump Financial LLC boosted its stake in shares of LendingClub by 108.5% during the 3rd quarter. Jump Financial LLC now owns 33,382 shares of the credit services provider’s stock valued at $204,000 after purchasing an additional 17,369 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of LendingClub during the third quarter valued at about $192,000. Finally, Quantbot Technologies LP bought a new position in LendingClub in the third quarter worth about $643,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

LendingClub Stock Performance

LC stock opened at $8.85 on Friday. The company has a market cap of $982.86 million, a price-to-earnings ratio of 26.01 and a beta of 2.00. The business’s 50-day moving average is $8.66 and its two-hundred day moving average is $8.14. LendingClub Co. has a fifty-two week low of $4.73 and a fifty-two week high of $10.92.

LendingClub (NYSE:LCGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. LendingClub had a net margin of 4.69% and a return on equity of 3.04%. The company had revenue of $180.69 million for the quarter, compared to the consensus estimate of $174.52 million. During the same quarter last year, the firm posted $0.13 earnings per share. Equities analysts predict that LendingClub Co. will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LC. Piper Sandler reiterated an “overweight” rating and set a $10.00 target price (up previously from $9.50) on shares of LendingClub in a report on Wednesday, May 1st. Wedbush restated an “outperform” rating and set a $11.00 target price on shares of LendingClub in a report on Wednesday, May 1st. Keefe, Bruyette & Woods upped their price target on LendingClub from $9.50 to $10.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 1st. Finally, StockNews.com downgraded shares of LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.42.

Get Our Latest Stock Report on LendingClub

LendingClub Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding LC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LendingClub Co. (NYSE:LCFree Report).

Institutional Ownership by Quarter for LendingClub (NYSE:LC)

Receive News & Ratings for LendingClub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingClub and related companies with MarketBeat.com's FREE daily email newsletter.