Quantbot Technologies LP Sells 90,470 Shares of LendingClub Corporation $LC

Quantbot Technologies LP decreased its position in shares of LendingClub Corporation (NYSE:LC) by 44.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,020 shares of the credit services provider’s stock after selling 90,470 shares during the period. Quantbot Technologies LP owned approximately 0.10% of LendingClub worth $1,717,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LC. Assenagon Asset Management S.A. grew its stake in shares of LendingClub by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 2,121,802 shares of the credit services provider’s stock valued at $32,230,000 after acquiring an additional 1,375,002 shares in the last quarter. Senvest Management LLC boosted its holdings in LendingClub by 23.5% in the 2nd quarter. Senvest Management LLC now owns 5,881,290 shares of the credit services provider’s stock valued at $70,752,000 after purchasing an additional 1,117,241 shares during the period. Azora Capital LP acquired a new position in shares of LendingClub during the 2nd quarter worth approximately $8,030,000. SG Americas Securities LLC increased its holdings in shares of LendingClub by 120.1% during the third quarter. SG Americas Securities LLC now owns 649,753 shares of the credit services provider’s stock worth $9,870,000 after purchasing an additional 354,521 shares during the period. Finally, Bank of America Corp DE raised its position in shares of LendingClub by 32.1% in the second quarter. Bank of America Corp DE now owns 961,530 shares of the credit services provider’s stock valued at $11,567,000 after buying an additional 233,665 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

Insider Buying and Selling

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 value of $46,533.30. Following the sale, the director owned 76,377 shares in the company, valued at $1,487,060.19. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.19% of the stock is currently owned by insiders.

LendingClub Stock Up 4.8%

Shares of LC stock opened at $15.57 on Thursday. The business has a fifty day simple moving average of $18.05 and a 200 day simple moving average of $17.51. The company has a market cap of $1.79 billion, a P/E ratio of 13.54 and a beta of 2.11. LendingClub Corporation has a twelve month low of $7.90 and a twelve month high of $21.67.

LendingClub (NYSE:LC) last issued its earnings results 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 firm had revenue of $266.47 million during the quarter, compared to the consensus estimate of $262.88 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was up 22.7% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. As a group, equities research analysts anticipate that LendingClub Corporation will post 0.72 earnings per share for the current fiscal year.

LendingClub announced that its Board of Directors has authorized a share repurchase program on Wednesday, November 5th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the credit services provider to reacquire up to 4.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on LC. BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of LendingClub in a research note on Thursday, January 29th. Piper Sandler reissued an “overweight” rating and set a $23.00 target price on shares of LendingClub in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LendingClub in a research note on Monday, December 29th. Janney Montgomery Scott upped their price objective on shares of LendingClub from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

LendingClub 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.