Universal Beteiligungs und Servicegesellschaft mbH Has $2.66 Million Stock Holdings in LendingClub Corporation (NYSE:LC)

Universal Beteiligungs und Servicegesellschaft mbH grew its position in LendingClub Corporation (NYSE:LC - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,845 shares of the credit services provider's stock after buying an additional 21,256 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.23% of LendingClub worth $2,661,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Comerica Bank acquired a new position in LendingClub in the 4th quarter valued at approximately $37,000. Sterling Capital Management LLC raised its holdings in shares of 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 acquiring an additional 3,119 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of 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 valued at $66,000 after buying an additional 2,448 shares during the last quarter. KBC Group NV acquired a new position in shares of LendingClub during the 1st quarter worth $67,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of 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 purchasing an additional 4,651 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company's stock.

LendingClub Stock Performance

Shares of NYSE LC remained flat at $15.59 during trading hours on Friday. The company had a trading volume of 4,147,162 shares, compared to its average volume of 2,212,391. The company has a market capitalization of $1.78 billion, a P/E ratio of 24.36 and a beta of 2.45. LendingClub Corporation has a twelve month low of $7.90 and a twelve month high of $18.75. The stock has a fifty day moving average price of $11.93 and a two-hundred day moving average price of $11.83.

LendingClub (NYSE:LC - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. LendingClub had a net margin of 8.36% and a return on equity of 5.72%. The company had revenue of $248.44 million for the quarter, compared to analyst estimates of $227.04 million. During the same period in the prior year, the business earned $0.13 earnings per share. LendingClub's quarterly revenue was up 14.1% on a year-over-year basis. Research analysts predict that LendingClub Corporation will post 0.72 earnings per share for the current year.

Insider Activity at LendingClub

In other news, CFO Andrew Labenne sold 17,955 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $16.65, for a total value of $298,950.75. Following the completion of the transaction, the chief financial officer owned 178,111 shares in the company, valued at $2,965,548.15. This trade represents a 9.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott Sanborn sold 5,250 shares of the company's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $12.98, for a total value of $68,145.00. Following the sale, the chief executive officer owned 1,283,175 shares in the company, valued at $16,655,611.50. The trade was a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,205 shares of company stock valued at $601,561 over the last quarter. 3.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Piper Sandler set a $15.50 price objective on shares of LendingClub and gave the stock an "overweight" rating in a report on Wednesday. Citizens Jmp assumed coverage on LendingClub in a report on Monday, July 7th. They set a "market perform" rating on the stock. Stephens started coverage on LendingClub in a report on Thursday, June 12th. They issued an "overweight" rating and a $15.00 target price for the company. Citigroup started coverage on shares of LendingClub in a report on Monday, July 7th. They issued a "market perform" rating on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of LendingClub from $14.00 to $16.50 and gave the company an "outperform" rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, LendingClub currently has an average rating of "Moderate Buy" and an average price target of $16.57.

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.