Copperwynd Financial LLC Takes $1.08 Million Position in LendingClub Corporation (NYSE:LC)

Copperwynd Financial LLC purchased a new position in shares of LendingClub Corporation (NYSE:LC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 104,597 shares of the credit services provider's stock, valued at approximately $1,079,000. Copperwynd Financial LLC owned 0.09% of LendingClub as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Comerica Bank acquired a new position in LendingClub in the fourth quarter worth $37,000. Sterling Capital Management LLC raised its position in LendingClub by 818.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,500 shares of the credit services provider's stock worth $57,000 after acquiring an additional 3,119 shares in the last quarter. National Bank of Canada FI raised its holdings in LendingClub by 150.6% during the 4th quarter. National Bank of Canada FI now owns 4,074 shares of the credit services provider's stock worth $66,000 after buying an additional 2,448 shares during the period. KBC Group NV acquired a new stake in LendingClub during the 1st quarter worth about $67,000. Finally, Asset Management One Co. Ltd. grew its stake in LendingClub by 95.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 9,526 shares of the credit services provider's stock valued at $98,000 after acquiring an additional 4,651 shares in the last quarter. 74.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity at LendingClub

In other LendingClub news, CEO Scott Sanborn sold 5,250 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $12.98, for a total value of $68,145.00. Following the completion of the sale, the chief executive officer owned 1,283,175 shares in the company, valued at $16,655,611.50. This represents a 0.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael P. Zeisser purchased 20,000 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were acquired at an average price of $9.35 per share, for a total transaction of $187,000.00. Following the purchase, the director owned 174,138 shares in the company, valued at $1,628,190.30. The trade was a 12.98% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 36,750 shares of company stock valued at $409,395. 3.19% of the stock is owned by insiders.

LendingClub Stock Down 0.1%

NYSE LC traded down $0.01 on Friday, hitting $13.02. The stock had a trading volume of 1,623,337 shares, compared to its average volume of 1,637,898. The company's 50-day moving average is $11.28 and its two-hundred day moving average is $11.95. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 29.59 and a beta of 2.44. LendingClub Corporation has a one year low of $7.90 and a one year high of $18.75.

LendingClub (NYSE:LC - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit services provider reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. LendingClub had a net margin of 6.16% and a return on equity of 4.04%. The business had revenue of $217.71 million during the quarter, compared to analyst estimates of $213.71 million. During the same period in the prior year, the business earned $0.11 earnings per share. The business's quarterly revenue was up 21670.0% on a year-over-year basis. On average, sell-side analysts anticipate that LendingClub Corporation will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on LC shares. Citigroup began coverage on LendingClub in a report on Monday, July 7th. They set a "market perform" rating on the stock. Wall Street Zen downgraded LendingClub from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Citizens Jmp assumed coverage on LendingClub in a research report on Monday, July 7th. They issued a "market perform" rating for the company. Stephens initiated coverage on LendingClub in a research note on Thursday, June 12th. They set an "overweight" rating and a $15.00 target price for the company. Finally, Keefe, Bruyette & Woods dropped their target price on LendingClub from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $16.71.

LendingClub Company Profile

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.