Fifth Third Bancorp Makes New $1.05 Million Investment in LendingClub Corporation $LC

Fifth Third Bancorp purchased a new stake in shares of LendingClub Corporation (NYSE:LC) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 73,628 shares of the credit services provider’s stock, valued at approximately $1,054,000.

Several other hedge funds also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of LendingClub in the fourth quarter valued at $63,580,000. Wellington Management Group LLP raised its position in LendingClub by 18.8% in the third quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock worth $120,921,000 after acquiring an additional 1,261,861 shares in the last quarter. Marshall Wace LLP raised its position in LendingClub by 1,232.2% in the third quarter. Marshall Wace LLP now owns 735,821 shares of the credit services provider’s stock worth $11,177,000 after acquiring an additional 680,589 shares in the last quarter. Vanguard Group Inc. raised its position in LendingClub by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock worth $221,547,000 after acquiring an additional 516,542 shares in the last quarter. Finally, Nicholas Investment Partners LP lifted its holdings in LendingClub by 144.7% in the 4th quarter. Nicholas Investment Partners LP now owns 709,206 shares of the credit services provider’s stock valued at $13,432,000 after acquiring an additional 419,417 shares during the last quarter. 74.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LC has been the topic of several recent research reports. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Stephens reissued an “overweight” rating and set a $22.50 target price (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, LendingClub has a consensus rating of “Moderate Buy” and an average target price of $23.07.

Insider Activity

In other LendingClub news, General Counsel Jordan Cheng sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $17.46, for a total value of $96,030.00. Following the completion of the transaction, the general counsel directly owned 108,074 shares in the company, valued at $1,886,972.04. This trade represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Fergal Stack sold 60,000 shares of LendingClub stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $19.00, for a total transaction of $1,140,000.00. Following the completion of the transaction, the senior vice president directly owned 204,977 shares in the company, valued at approximately $3,894,563. This trade represents a 22.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 119,750 shares of company stock valued at $2,183,691 over the last ninety days. Corporate insiders own 3.19% of the company’s stock.

LendingClub Price Performance

Shares of NYSE LC opened at $19.21 on Friday. The stock’s fifty day simple moving average is $18.23 and its 200 day simple moving average is $17.15. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 12.89 and a beta of 1.98. LendingClub Corporation has a 52-week low of $10.74 and a 52-week high of $21.67.

LendingClub (NYSE:LC) last announced its earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The business had revenue of $252.25 million during the quarter, compared to the consensus estimate of $249.10 million. During the same period in the prior year, the business posted $0.10 earnings per share. LendingClub’s revenue was up 15.9% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. As a group, analysts anticipate that LendingClub Corporation will post 1.74 earnings per share for the current year.

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.