Comerica Bank Acquires 71,141 Shares of LendingClub Corporation $LC

Key Points

• Comerica Bank increased its LendingClub stake by 6,520.7% in the fourth quarter, buying 71,141 additional shares and bringing its total to 72,232 shares valued at about $1.37 million.
• Wall Street sentiment on LendingClub is mixed but generally positive: the consensus rating is Moderate Buy with an average price target of $23.07, and recent analyst moves included both upgrades and downgrades.
• LendingClub recently posted better-than-expected quarterly results, reporting EPS of $0.44 versus $0.38 expected and revenue of $252.25 million, while also guiding FY 2026 EPS to $1.65-$1.80.

Comerica Bank raised its holdings in shares of LendingClub Corporation (NYSE:LC - Free Report) by 6,520.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,232 shares of the credit services provider's stock after purchasing an additional 71,141 shares during the period. Comerica Bank owned 0.06% of LendingClub worth $1,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SG Americas Securities LLC increased its position 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 valued at $9,870,000 after acquiring an additional 354,521 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of LendingClub during the third quarter valued at approximately $2,858,000. Federated Hermes Inc. increased its position in shares of LendingClub by 21.4% during the third quarter. Federated Hermes Inc. now owns 559,686 shares of the credit services provider's stock valued at $8,502,000 after acquiring an additional 98,483 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in LendingClub in the 3rd quarter worth approximately $1,136,000. Finally, Allianz Asset Management GmbH grew its position in LendingClub by 48.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 293,066 shares of the credit services provider's stock worth $4,452,000 after purchasing an additional 95,240 shares during the period. Institutional investors own 74.08% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on LC. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of LendingClub in a research report on Wednesday. Piper Sandler reiterated an "overweight" rating and set a $23.00 price target on shares of LendingClub in a research note on Thursday, January 29th. Zacks Research upgraded shares of LendingClub from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 28th. Wall Street Zen cut shares of LendingClub from a "buy" rating to a "hold" rating in a research note on Sunday, February 15th. Finally, Stephens restated 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, LendingClub currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.07.

Insider Transactions at LendingClub

In related news, Director Erin Selleck sold 2,390 shares of the firm's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total transaction of $36,949.40. Following the sale, the director owned 78,767 shares in the company, valued at approximately $1,217,737.82. This trade represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.19% of the company's stock.

LendingClub Stock Down 0.4%

NYSE:LC opened at $16.62 on Friday. LendingClub Corporation has a 52 week low of $9.70 and a 52 week high of $21.67. The firm has a 50 day moving average of $15.38 and a 200 day moving average of $17.25. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 11.15 and a beta of 2.00.

LendingClub (NYSE:LC - Get Free Report) last posted its earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates 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 posted $0.10 earnings per share. LendingClub's revenue for the quarter 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 expect that LendingClub Corporation will post 1.72 EPS 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.

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