International Assets Investment Management LLC Acquires 228,684 Shares of LendingClub Co. (NYSE:LC)

International Assets Investment Management LLC increased its position in LendingClub Co. (NYSE:LC - Free Report) by 617.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 265,696 shares of the credit services provider's stock after acquiring an additional 228,684 shares during the quarter. International Assets Investment Management LLC owned about 0.24% of LendingClub worth $2,322,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of LendingClub by 11.8% during the 3rd quarter. Vanguard Group Inc. now owns 13,111,119 shares of the credit services provider's stock worth $144,878,000 after purchasing an additional 1,381,527 shares during the period. BlackRock Inc. increased its holdings in shares of LendingClub by 4.4% during the 2nd quarter. BlackRock Inc. now owns 8,271,272 shares of the credit services provider's stock worth $80,645,000 after purchasing an additional 349,314 shares during the period. State Street Corp increased its holdings in shares of LendingClub by 11.4% during the 2nd quarter. State Street Corp now owns 2,709,576 shares of the credit services provider's stock worth $26,418,000 after purchasing an additional 278,215 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of LendingClub by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,613,821 shares of the credit services provider's stock worth $18,845,000 after purchasing an additional 93,983 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in shares of LendingClub by 173.2% during the 1st quarter. Balyasny Asset Management L.P. now owns 2,241,362 shares of the credit services provider's stock worth $16,160,000 after purchasing an additional 1,420,857 shares during the period. Institutional investors own 74.08% of the company's stock.

Wall Street Analyst Weigh In

LC has been the topic of a number of analyst reports. Wedbush reissued an "outperform" rating and issued a $11.00 target price on shares of LendingClub in a research note on Wednesday, January 31st. StockNews.com cut shares of LendingClub from a "hold" rating to a "sell" rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $11.30.

LendingClub Price Performance

NYSE:LC traded up $0.29 on Friday, reaching $7.90. The stock had a trading volume of 1,340,179 shares, compared to its average volume of 1,072,721. The company has a market capitalization of $872.24 million, a P/E ratio of 21.94 and a beta of 1.98. LendingClub Co. has a 1-year low of $4.73 and a 1-year high of $10.92. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $8.26 and a 200-day moving average price of $7.47.

LendingClub (NYSE:LC - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. The firm had revenue of $185.60 million for the quarter, compared to analyst estimates of $182.13 million. LendingClub had a net margin of 4.50% and a return on equity of 3.21%. The company's revenue for the quarter was down 29.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. Research analysts forecast that LendingClub Co. will post 0.23 EPS for the current year.

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.