LendingClub Corporation $LC Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its position in shares of LendingClub Corporation (NYSE:LC) by 48.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 293,066 shares of the credit services provider’s stock after purchasing an additional 95,240 shares during the period. Allianz Asset Management GmbH’s holdings in LendingClub were worth $4,452,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LC. SP Asset Management LLC acquired a new stake in LendingClub in the third quarter valued at $387,000. Jones Financial Companies Lllp increased its holdings in shares of LendingClub by 46.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock valued at $67,000 after acquiring an additional 1,290 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of LendingClub during the 3rd quarter worth about $1,657,000. Thrivent Financial for Lutherans purchased a new stake in LendingClub during the third quarter worth approximately $193,000. Finally, Independent Advisor Alliance boosted its holdings in LendingClub by 114.4% in the third quarter. Independent Advisor Alliance now owns 22,234 shares of the credit services provider’s stock valued at $338,000 after purchasing an additional 11,865 shares in the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Wall Street Analysts Forecast Growth

LC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of LendingClub from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LendingClub in a research report on Monday, December 29th. Piper Sandler reissued an “overweight” rating and issued a $23.00 price target on shares of LendingClub in a research report on Thursday, January 29th. BTIG Research restated a “buy” rating and issued a $26.00 price objective on shares of LendingClub in a research note on Thursday, January 29th. Finally, Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One 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 company. According to data from MarketBeat, LendingClub has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Insider Activity

In related news, Director Erin Selleck sold 2,390 shares of the business’s stock in a transaction dated 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 owned 76,377 shares of the company’s stock, valued at approximately $1,487,060.19. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.31% of the stock is owned by corporate insiders.

LendingClub Trading Down 0.3%

LendingClub stock opened at $17.25 on Wednesday. The stock has a 50 day moving average of $19.26 and a two-hundred day moving average of $17.48. LendingClub Corporation has a twelve month low of $7.90 and a twelve month high of $21.67. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 15.00 and a beta of 2.08.

LendingClub (NYSE:LC) last issued its quarterly earnings results on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. LendingClub had a return on equity of 9.62% 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 period last year, the company earned $0.08 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that LendingClub Corporation will post 0.72 earnings per share for the current year.

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

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.