LendingClub Co. (NYSE:LC) Shares Purchased by Invesco Ltd.

Invesco Ltd. grew its stake in shares of LendingClub Co. (NYSE:LC - Free Report) by 87.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 637,458 shares of the credit services provider's stock after acquiring an additional 296,813 shares during the quarter. Invesco Ltd. owned about 0.57% of LendingClub worth $10,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LC. Wellington Management Group LLP increased its stake in shares of LendingClub by 353.1% during the 4th quarter. Wellington Management Group LLP now owns 3,799,585 shares of the credit services provider's stock valued at $61,515,000 after acquiring an additional 2,961,050 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of LendingClub by 158.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,522,360 shares of the credit services provider's stock valued at $24,647,000 after acquiring an additional 933,680 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of LendingClub during the 4th quarter worth about $9,788,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of LendingClub by 1,227.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 379,110 shares of the credit services provider's stock worth $6,138,000 after purchasing an additional 350,548 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of LendingClub by 77.1% during the 4th quarter. Federated Hermes Inc. now owns 647,961 shares of the credit services provider's stock worth $10,490,000 after purchasing an additional 282,110 shares during the period. Institutional investors and hedge funds own 74.08% of the company's stock.

LendingClub Trading Up 0.2 %

NYSE LC traded up $0.02 during trading hours on Monday, reaching $10.98. 1,244,711 shares of the company traded hands, compared to its average volume of 1,625,120. The company has a 50 day moving average of $10.68 and a two-hundred day moving average of $13.65. The stock has a market capitalization of $1.25 billion, a PE ratio of 24.40 and a beta of 2.09. LendingClub Co. has a 12 month low of $7.48 and a 12 month high of $18.75.

Insider Transactions at LendingClub

In other news, General Counsel Jordan Cheng sold 7,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $14.10, for a total value of $98,700.00. Following the completion of the sale, the general counsel now owns 88,263 shares of the company's stock, valued at approximately $1,244,508.30. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott Sanborn sold 5,250 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,297,782 shares of the company's stock, valued at $13,419,065.88. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,500 shares of company stock valued at $439,405. Insiders own 3.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on LendingClub from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $16.00 target price (down previously from $17.00) on shares of LendingClub in a report on Wednesday, January 29th. StockNews.com upgraded LendingClub from a "sell" rating to a "hold" rating in a report on Friday, April 4th. Finally, Piper Sandler reiterated an "overweight" rating and set a $19.00 target price (down previously from $20.00) on shares of LendingClub in a report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.00.

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.