LendingClub Co. (NYSE:LC) Shares Bought by Brighton Jones LLC

Brighton Jones LLC raised its stake in LendingClub Co. (NYSE:LC) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 454,817 shares of the credit services provider’s stock after purchasing an additional 10,016 shares during the period. Brighton Jones LLC owned about 0.41% of LendingClub worth $3,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. grew its stake in LendingClub by 526.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,884,751 shares of the credit services provider’s stock worth $11,497,000 after buying an additional 1,583,882 shares during the last quarter. Wellington Management Group LLP purchased a new position in LendingClub during the 3rd quarter worth approximately $2,970,000. Nordea Investment Management AB grew its stake in LendingClub by 190.8% during the 3rd quarter. Nordea Investment Management AB now owns 609,966 shares of the credit services provider’s stock worth $3,733,000 after buying an additional 400,189 shares during the last quarter. International Assets Investment Management LLC grew its stake in LendingClub by 617.9% during the 4th quarter. International Assets Investment Management LLC now owns 265,696 shares of the credit services provider’s stock worth $2,322,000 after buying an additional 228,684 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in LendingClub by 33.2% during the 3rd quarter. American Century Companies Inc. now owns 776,505 shares of the credit services provider’s stock worth $4,737,000 after buying an additional 193,455 shares during the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

LendingClub Price Performance

Shares of NYSE LC traded down $0.29 during trading on Tuesday, reaching $7.52. The company had a trading volume of 2,847,713 shares, compared to its average volume of 1,436,227. LendingClub Co. has a twelve month low of $4.73 and a twelve month high of $10.92. The stock has a market capitalization of $835.62 million, a PE ratio of 21.00 and a beta of 1.98. The stock has a 50-day moving average price of $8.18 and a two-hundred day moving average price of $7.58. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 0.01.

LendingClub (NYSE:LC) last announced its quarterly earnings data 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. LendingClub had a return on equity of 3.21% and a net margin of 4.50%. The business had revenue of $185.60 million during the quarter, compared to the consensus estimate of $182.13 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. The business’s revenue for the quarter was down 29.3% on a year-over-year basis. As a group, sell-side analysts predict that LendingClub Co. will post 0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LC. StockNews.com downgraded LendingClub from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Wedbush reaffirmed an “outperform” rating and set a $11.00 price objective on shares of LendingClub in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, LendingClub presently has an average rating of “Moderate Buy” and an average price target of $11.30.

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.