Assenagon Asset Management S.A. Cuts Stock Position in LendingClub Corporation $LC

Assenagon Asset Management S.A. lessened its holdings in LendingClub Corporation (NYSE:LC) by 38.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 301,692 shares of the credit services provider’s stock after selling 189,597 shares during the quarter. Assenagon Asset Management S.A.’s holdings in LendingClub were worth $4,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of 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 during the period. Wellington Management Group LLP grew its position in LendingClub by 18.8% during the 3rd quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock worth $120,921,000 after purchasing an additional 1,261,861 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of LendingClub during the 4th quarter valued at about $63,580,000. Azora Capital LP grew its holdings in LendingClub by 258.2% during the third quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock worth $36,322,000 after acquiring an additional 1,723,658 shares during the period. Finally, American Century Companies Inc. boosted its position in LendingClub by 19.3% in the 3rd quarter. American Century Companies Inc. now owns 2,071,137 shares of the credit services provider’s stock worth $31,461,000 after purchasing an additional 334,914 shares in the last quarter. 74.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Jordan Cheng sold 5,500 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $17.00, for a total value of $93,500.00. Following the completion of the sale, the general counsel owned 113,574 shares of the company’s stock, valued at approximately $1,930,758. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 dated 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 transaction, the senior vice president directly owned 204,977 shares in the company, valued at $3,894,563. This trade represents a 22.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 119,750 shares of company stock worth $2,183,691. 3.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LC. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Stephens reaffirmed an “overweight” rating and issued a $22.50 price target (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.07.

LendingClub Stock Performance

NYSE:LC opened at $19.21 on Tuesday. The company has a market cap of $2.22 billion, a P/E ratio of 12.89 and a beta of 1.98. LendingClub Corporation has a twelve month low of $10.74 and a twelve month high of $21.67. The company’s 50-day moving average price is $17.34 and its 200-day moving average price is $17.16.

LendingClub (NYSE:LC) last announced its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The company had revenue of $252.25 million during the quarter, compared to analysts’ expectations of $249.10 million. During the same quarter in the prior year, the company earned $0.10 EPS. 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. On average, analysts expect that LendingClub Corporation will post 1.74 earnings per share for the current year.

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.