Vanguard Group Inc. Sells 480,950 Shares of LendingClub Corporation $LC

Vanguard Group Inc. lessened its stake in shares of LendingClub Corporation (NYSE:LC) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,180,791 shares of the credit services provider’s stock after selling 480,950 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of LendingClub worth $169,836,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of LendingClub by 46.7% in the third quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock valued at $67,000 after acquiring an additional 1,290 shares during the period. Headlands Technologies LLC purchased a new position in LendingClub during the 2nd quarter valued at about $53,000. State of Alaska Department of Revenue bought a new position in LendingClub during the 3rd quarter valued at approximately $69,000. Marex Group plc purchased a new stake in LendingClub in the 2nd quarter worth approximately $120,000. Finally, Systematic Alpha Investments LLC bought a new stake in shares of LendingClub in the 2nd quarter worth approximately $122,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

LendingClub Stock Performance

NYSE:LC opened at $15.02 on Tuesday. The firm has a market cap of $1.73 billion, a P/E ratio of 13.06 and a beta of 2.11. LendingClub Corporation has a fifty-two week low of $7.90 and a fifty-two week high of $21.67. The firm has a 50-day simple moving average of $18.23 and a two-hundred day simple moving average of $17.53.

LendingClub (NYSE:LC) last posted its quarterly earnings results on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. LendingClub had a net margin of 13.58% and a return on equity of 9.47%. The firm had revenue of $266.47 million for the quarter, compared to analysts’ expectations of $262.88 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. On average, equities research analysts predict that LendingClub Corporation will post 0.72 EPS for the current year.

LendingClub announced that its Board of Directors has initiated a share repurchase 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 reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at LendingClub

In other news, Director Erin Selleck sold 2,390 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 76,377 shares in the company, valued at $1,487,060.19. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LC. Weiss Ratings restated a “hold (c)” rating on shares of LendingClub in a report on Monday, December 29th. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. BTIG Research reiterated a “buy” rating and set a $26.00 price target on shares of LendingClub in a research report on Thursday, January 29th. Janney Montgomery Scott boosted their price objective on shares of LendingClub from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of LendingClub from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, LendingClub presently has an average 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.