Macquarie Group Ltd. reduced its stake in shares of LendingClub Co. (NYSE:LC – Get Rating) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,651 shares of the credit services provider's stock after selling 4,958 shares during the quarter. Macquarie Group Ltd. owned 0.08% of LendingClub worth $1,003,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of LendingClub by 6.8% during the first quarter. Vanguard Group Inc. now owns 9,801,535 shares of the credit services provider's stock worth $154,668,000 after purchasing an additional 626,217 shares during the last quarter. Rubric Capital Management LP lifted its position in shares of LendingClub by 34.4% during the third quarter. Rubric Capital Management LP now owns 4,861,192 shares of the credit services provider's stock valued at $53,716,000 after purchasing an additional 1,243,889 shares in the last quarter. State Street Corp boosted its holdings in LendingClub by 11.8% during the second quarter. State Street Corp now owns 2,285,680 shares of the credit services provider's stock worth $26,720,000 after purchasing an additional 241,019 shares during the last quarter. Point72 Asset Management L.P. grew its position in LendingClub by 98.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,989,500 shares of the credit services provider's stock worth $23,257,000 after purchasing an additional 989,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of LendingClub by 83.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,794,354 shares of the credit services provider's stock worth $19,828,000 after buying an additional 815,170 shares in the last quarter. Institutional investors own 81.11% of the company's stock.
Get LendingClub alerts:LendingClub Stock Performance
NYSE LC opened at $7.63 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.08. The company has a market capitalization of $813.14 million, a P/E ratio of 2.77 and a beta of 1.96. The company has a fifty day moving average of $9.52 and a 200-day moving average of $10.46. LendingClub Co. has a 52-week low of $7.61 and a 52-week high of $17.48.
LendingClub (NYSE:LC – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The credit services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $262.70 million for the quarter, compared to analysts' expectations of $258.37 million. LendingClub had a net margin of 24.40% and a return on equity of 13.75%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 EPS. As a group, equities research analysts predict that LendingClub Co. will post 0.53 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. StockNews.com raised LendingClub from a "sell" rating to a "hold" rating in a research report on Friday, February 24th. Janney Montgomery Scott lowered LendingClub from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research note on Thursday, January 26th. Finally, Maxim Group decreased their price objective on LendingClub from $20.00 to $15.00 in a report on Tuesday, January 31st.
About LendingClub
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LendingClub Corp. engages in an online marketplace that facilitates loans to borrowers and investments. It operates through the LendingClub Bank and LendingClub Corporation (Parent Only) segments. The LendingClub Bank segment offers a full complement of financial products and solutions, including loans, leases and deposits.
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