LendingClub Co. (NYSE:LC) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in LendingClub Co. (NYSE:LC - Free Report) by 62.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,251 shares of the credit services provider's stock after buying an additional 111,031 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of LendingClub worth $4,683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LC. Bank of America Corp DE raised its stake in shares of LendingClub by 111.5% during the fourth quarter. Bank of America Corp DE now owns 402,033 shares of the credit services provider's stock worth $6,509,000 after purchasing an additional 211,979 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of LendingClub by 301.0% during the fourth quarter. Victory Capital Management Inc. now owns 54,687 shares of the credit services provider's stock worth $885,000 after purchasing an additional 41,048 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of LendingClub during the fourth quarter worth approximately $1,696,000. Invesco Ltd. raised its stake in shares of LendingClub by 87.1% during the fourth quarter. Invesco Ltd. now owns 637,458 shares of the credit services provider's stock worth $10,320,000 after purchasing an additional 296,813 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of LendingClub during the fourth quarter worth approximately $470,000. Hedge funds and other institutional investors own 74.08% of the company's stock.

LendingClub Price Performance

LendingClub stock traded up $0.46 during trading hours on Friday, hitting $10.62. The stock had a trading volume of 851,000 shares, compared to its average volume of 1,615,921. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 23.59 and a beta of 2.41. LendingClub Co. has a 1-year low of $7.81 and a 1-year high of $18.75. The stock's fifty day moving average is $10.05 and its two-hundred day moving average is $12.91.

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

Analyst Ratings Changes

LC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on LendingClub from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Wall Street Zen lowered LendingClub from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods dropped their price objective on LendingClub from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.75.

Insider Buying and Selling at LendingClub

In related news, CEO Scott Sanborn sold 5,250 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.30, for a total transaction of $54,075.00. Following the sale, the chief executive officer now owns 1,298,925 shares of the company's stock, valued at $13,378,927.50. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael P. Zeisser acquired 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were bought at an average cost of $9.35 per share, for a total transaction of $187,000.00. Following the purchase, the director now owns 174,138 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders have sold 26,250 shares of company stock valued at $269,273. Insiders own 3.19% of the company's stock.

LendingClub 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.