RIA Advisory Group LLC Takes Position in LendingClub Co. (NYSE:LC)

RIA Advisory Group LLC bought a new stake in LendingClub Co. (NYSE:LC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,040 shares of the credit services provider’s stock, valued at approximately $158,000.

Several other large investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of LendingClub by 92.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,080 shares of the credit services provider’s stock valued at $263,000 after buying an additional 14,413 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in LendingClub by 363.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,999 shares of the credit services provider’s stock worth $61,000 after purchasing an additional 5,489 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in LendingClub by 2.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 221,735 shares of the credit services provider’s stock worth $1,938,000 after purchasing an additional 6,009 shares during the period. International Assets Investment Management LLC boosted its stake in LendingClub by 617.9% during the 4th quarter. International Assets Investment Management LLC now owns 265,696 shares of the credit services provider’s stock worth $2,322,000 after purchasing an additional 228,684 shares during the period. Finally, Miracle Mile Advisors LLC boosted its stake in LendingClub by 9.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 24,134 shares of the credit services provider’s stock worth $211,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 74.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LC shares. Wedbush reiterated an “outperform” rating and set a $11.00 price target on shares of LendingClub in a research note on Wednesday, January 31st. StockNews.com cut shares of LendingClub from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.30.

LendingClub Stock Up 3.8 %

Shares of LendingClub stock opened at $7.90 on Friday. The company has a market cap of $872.24 million, a P/E ratio of 21.97 and a beta of 1.98. The firm has a fifty day moving average of $8.26 and a two-hundred day moving average of $7.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.83 and a current ratio of 0.89. LendingClub Co. has a one year low of $4.73 and a one year high of $10.92.

LendingClub (NYSE:LC) last released its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $185.60 million during 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%. The firm’s revenue was down 29.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, analysts forecast that LendingClub Co. will post 0.23 earnings per share for the current 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.