Principal Financial Group Inc. Purchases New Shares in LendingClub Corporation $LC

Principal Financial Group Inc. acquired a new position in shares of LendingClub Corporation (NYSE:LC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 109,065 shares of the credit services provider’s stock, valued at approximately $1,657,000. Principal Financial Group Inc. owned about 0.09% of LendingClub as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of LendingClub during the second quarter worth approximately $53,000. State of Alaska Department of Revenue acquired a new position in LendingClub during the 3rd quarter worth $69,000. Marex Group plc bought a new position in LendingClub in the 2nd quarter valued at $120,000. MQS Management LLC acquired a new stake in shares of LendingClub in the 2nd quarter valued at $121,000. Finally, Systematic Alpha Investments LLC bought a new stake in shares of LendingClub during the second quarter worth $122,000. Institutional investors and hedge funds own 74.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of LendingClub in a report on Monday, December 29th. Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday. Keefe, Bruyette & Woods boosted their price target on shares of LendingClub from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. BTIG Research reaffirmed a “buy” rating and issued a $26.00 price objective on shares of LendingClub in a research note on Thursday, January 29th. Finally, Janney Montgomery Scott upped their target price on shares of LendingClub from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, LendingClub presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

LendingClub Stock Down 0.5%

Shares of NYSE LC opened at $15.51 on Wednesday. LendingClub Corporation has a twelve month low of $7.90 and a twelve month high of $21.67. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 13.49 and a beta of 2.08. The company’s fifty day moving average is $18.91 and its 200-day moving average is $17.52.

LendingClub (NYSE:LC) last issued its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. LendingClub had a return on equity of 9.47% and a net margin of 13.58%.The business had revenue of $266.47 million for the quarter, compared to the consensus estimate of $262.88 million. During the same quarter last year, the business posted $0.08 EPS. The firm’s revenue was up 22.7% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. On average, research analysts anticipate that LendingClub Corporation will post 0.72 EPS for the current fiscal year.

LendingClub declared that its Board of Directors has authorized a share buyback program on Wednesday, November 5th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the credit services provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at LendingClub

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $19.47, for a total transaction of $46,533.30. Following the sale, the director directly owned 76,377 shares in the company, valued at approximately $1,487,060.19. This trade represents a 3.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.19% of the stock is owned by company insiders.

LendingClub Company Profile

LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.

Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.