Assenagon Asset Management S.A. Sells 1,630,513 Shares of LendingClub Corporation $LC

Assenagon Asset Management S.A. trimmed its position in shares of LendingClub Corporation (NYSE:LC) by 76.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 491,289 shares of the credit services provider’s stock after selling 1,630,513 shares during the quarter. Assenagon Asset Management S.A.’s holdings in LendingClub were worth $9,305,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Azora Capital LP boosted its stake in LendingClub by 258.2% in the third quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock worth $36,322,000 after buying an additional 1,723,658 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of LendingClub by 18.8% in the 3rd quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock valued at $120,921,000 after purchasing an additional 1,261,861 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of LendingClub by 1,232.2% during the 3rd quarter. Marshall Wace LLP now owns 735,821 shares of the credit services provider’s stock valued at $11,177,000 after purchasing an additional 680,589 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in shares of LendingClub by 44.3% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,657,356 shares of the credit services provider’s stock valued at $25,175,000 after purchasing an additional 509,008 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in LendingClub by 120.1% in the 3rd 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. Institutional investors own 74.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on LC. JPMorgan Chase & Co. upped their price target on shares of LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. BTIG Research reissued a “buy” rating and issued a $26.00 target price on shares of LendingClub in a research note on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of LendingClub in a report on Monday, December 29th. Finally, Piper Sandler restated an “overweight” rating and set a $23.00 price target on shares of LendingClub in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, LendingClub presently has an average rating of “Moderate Buy” and an average price target of $22.00.

LendingClub Trading Down 3.6%

Shares of LC opened at $13.87 on Friday. LendingClub Corporation has a 1-year low of $7.90 and a 1-year high of $21.67. The firm’s 50-day moving average price is $16.17 and its 200-day moving average price is $17.26. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 12.06 and a beta of 2.11.

LendingClub (NYSE:LC) last posted its earnings results on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $266.47 million for the quarter, compared to the consensus estimate of $262.88 million. LendingClub had a return on equity of 9.47% and a net margin of 13.58%.The business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 EPS. 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 forecast that LendingClub Corporation will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $15.46, for a total value of $36,949.40. Following the completion of the transaction, the director owned 78,767 shares in the company, valued at approximately $1,217,737.82. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.19% of the stock is currently owned by insiders.

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.