New York State Common Retirement Fund Has $1.21 Million Holdings in LendingClub Corporation $LC

New York State Common Retirement Fund grew its position in LendingClub Corporation (NYSE:LC) by 171.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 79,540 shares of the credit services provider’s stock after acquiring an additional 50,224 shares during the period. New York State Common Retirement Fund’s holdings in LendingClub were worth $1,208,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. increased its holdings in LendingClub by 21.4% in the 3rd quarter. Federated Hermes Inc. now owns 559,686 shares of the credit services provider’s stock worth $8,502,000 after purchasing an additional 98,483 shares in the last quarter. Trek Financial LLC bought a new stake in shares of LendingClub during the third quarter worth about $505,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of LendingClub during the third quarter worth about $2,858,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of LendingClub by 2.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 263,882 shares of the credit services provider’s stock valued at $4,008,000 after buying an additional 6,037 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in LendingClub in the 3rd quarter valued at approximately $69,000. Institutional investors own 74.08% of the company’s stock.

LendingClub Stock Up 1.8%

LC stock opened at $17.25 on Tuesday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 15.00 and a beta of 2.08. The company’s fifty day simple moving average is $19.28 and its 200 day simple moving average is $17.45. LendingClub Corporation has a 12-month low of $7.90 and a 12-month high of $21.67.

LendingClub (NYSE:LC) last posted its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $266.47 million during the quarter, compared to analyst estimates of $262.88 million. LendingClub had a return on equity of 9.62% and a net margin of 13.58%.The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. Research analysts expect that LendingClub Corporation will post 0.72 earnings per share for the current year.

LendingClub declared that its board has initiated a share buyback plan on Wednesday, November 5th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to buy up to 4.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $19.47, for a total value of $46,533.30. Following the transaction, the director directly owned 76,377 shares of the company’s stock, valued at approximately $1,487,060.19. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Piper Sandler reissued an “overweight” rating and set a $23.00 target price on shares of LendingClub in a report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of LendingClub from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. BTIG Research restated a “buy” rating and issued a $26.00 price objective on shares of LendingClub in a report on Thursday, January 29th. Wall Street Zen raised LendingClub from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LendingClub in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

LendingClub Company Profile

LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.

Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.