UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 111,031 Shares of LendingClub Co. (NYSE:LC)

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

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Comerica Bank bought a new stake in LendingClub in the fourth quarter valued at about $37,000. SBI Securities Co. Ltd. acquired a new stake in shares of LendingClub during the 4th quarter valued at approximately $45,000. Sterling Capital Management LLC lifted its stake 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 purchasing an additional 3,119 shares during the last quarter. National Bank of Canada FI boosted its holdings in LendingClub by 150.6% in the fourth quarter. National Bank of Canada FI now owns 4,074 shares of the credit services provider's stock worth $66,000 after purchasing an additional 2,448 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in LendingClub by 49.2% during the fourth 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. 74.08% of the stock is currently owned by hedge funds and other institutional investors.

LendingClub Trading Up 3.7%

LC stock traded up $0.38 during midday trading on Friday, reaching $10.54. The company had a trading volume of 394,094 shares, compared to its average volume of 1,610,878. The company has a market capitalization of $1.20 billion, a P/E ratio of 23.41 and a beta of 2.35. LendingClub Co. has a 1 year low of $7.81 and a 1 year high of $18.75. The company has a 50 day moving average of $10.05 and a two-hundred day moving average of $12.94.

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

Insider Activity at LendingClub

In other LendingClub news, Director Michael P. Zeisser purchased 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were acquired at an average cost of $9.35 per share, for a total transaction of $187,000.00. Following the transaction, the director now directly owns 174,138 shares in the company, valued at approximately $1,628,190.30. The trade was a 12.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Scott Sanborn sold 5,250 shares of LendingClub stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $10.65, for a total value of $55,912.50. Following the completion of the transaction, the chief executive officer now owns 1,287,282 shares of the company's stock, valued at approximately $13,709,553.30. The trade was a 0.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,000 shares of company stock worth $215,198. Company insiders own 3.19% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LC. Keefe, Bruyette & Woods dropped their price objective on shares of LendingClub from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen cut LendingClub from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price objective on LendingClub from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.75.

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.