LendingClub Co. (NYSE:LC) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its position in shares of LendingClub Co. (NYSE:LC - Free Report) by 63.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 476,469 shares of the credit services provider's stock after buying an additional 185,761 shares during the period. Deutsche Bank AG owned 0.42% of LendingClub worth $7,714,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in LendingClub during the fourth quarter worth approximately $37,000. SBI Securities Co. Ltd. acquired a new position in LendingClub during the fourth quarter worth approximately $45,000. Sterling Capital Management LLC increased its position in LendingClub by 818.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,500 shares of the credit services provider's stock worth $57,000 after buying an additional 3,119 shares during the period. National Bank of Canada FI grew its stake in shares of LendingClub by 150.6% in the 4th quarter. National Bank of Canada FI now owns 4,074 shares of the credit services provider's stock valued at $66,000 after purchasing an additional 2,448 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of LendingClub by 49.2% in the 4th quarter. Jones Financial Companies Lllp now owns 5,986 shares of the credit services provider's stock valued at $97,000 after purchasing an additional 1,975 shares during the last quarter. Institutional investors and hedge funds own 74.08% of the company's stock.

Analysts Set New Price Targets

LC has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their target price on LendingClub from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Piper Sandler reiterated an "overweight" rating and issued a $19.00 target price (down from $20.00) on shares of LendingClub in a research note on Wednesday, January 29th. Wall Street Zen downgraded LendingClub from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their target price on LendingClub from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.75.

Insider Activity at LendingClub

In related news, CEO Scott Sanborn sold 5,250 shares of LendingClub stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $10.34, for a total transaction of $54,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,297,782 shares of the company's stock, valued at approximately $13,419,065.88. The trade was a 0.40% 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. Also, Director Michael P. Zeisser acquired 20,000 shares of LendingClub stock in a transaction that occurred on Wednesday, April 30th. The shares were purchased at an average cost of $9.35 per share, with a total value of $187,000.00. Following the completion of the acquisition, the director now owns 174,138 shares of the company's stock, valued at $1,628,190.30. The trade was a 12.98% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 21,000 shares of company stock worth $215,198 over the last three months. 3.19% of the stock is currently owned by corporate insiders.

LendingClub Stock Down 1.2%

Shares of LendingClub stock traded down $0.13 during trading on Friday, reaching $9.89. The company's stock had a trading volume of 892,903 shares, compared to its average volume of 1,610,590. LendingClub Co. has a 12-month low of $7.81 and a 12-month high of $18.75. The company has a market capitalization of $1.13 billion, a P/E ratio of 21.97 and a beta of 2.35. The business has a 50 day moving average price of $10.21 and a 200-day moving average price of $13.26.

LendingClub (NYSE:LC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. LendingClub had a return on equity of 4.16% and a net margin of 6.52%. The firm had revenue of $217.71 million for the quarter, compared to the consensus estimate of $213.71 million. During the same period in the previous year, the business earned $0.11 earnings per share. The company's revenue for the quarter was up 21670.0% compared to the same quarter last year. Research analysts predict that LendingClub Co. will post 0.72 EPS for the current fiscal year.

About LendingClub

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.