Vanguard Group Inc. Purchases 516,542 Shares of LendingClub Corporation $LC

Vanguard Group Inc. lifted its position in shares of LendingClub Corporation (NYSE:LC) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,697,333 shares of the credit services provider’s stock after acquiring an additional 516,542 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of LendingClub worth $221,547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of LC. Aster Capital Management DIFC Ltd bought a new stake in shares of LendingClub during the third quarter worth approximately $26,000. Quarry LP raised its stake in shares of LendingClub by 343.0% during the third quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock worth $46,000 after buying an additional 2,346 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of LendingClub during the second quarter worth approximately $53,000. Advisory Services Network LLC bought a new stake in shares of LendingClub during the third quarter worth approximately $59,000. Finally, Jones Financial Companies Lllp raised its stake in shares of LendingClub by 46.7% during the third quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock worth $67,000 after buying an additional 1,290 shares during the last quarter. 74.08% of the stock is owned by institutional investors.

Insider Activity

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $15.46, for a total value of $36,949.40. Following the completion of the sale, the director directly owned 78,767 shares in the company, valued at $1,217,737.82. This represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LC shares. Stephens reiterated an “overweight” rating and issued a $22.50 price objective (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a report on Wednesday. Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Wall Street Zen downgraded LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Finally, BTIG Research reiterated a “buy” rating and issued a $26.00 price objective on shares of LendingClub in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, LendingClub has a consensus rating of “Moderate Buy” and an average price target of $23.07.

LendingClub Stock Performance

Shares of NYSE:LC opened at $16.62 on Friday. LendingClub Corporation has a 52 week low of $9.70 and a 52 week high of $21.67. The company has a market capitalization of $1.92 billion, a PE ratio of 11.15 and a beta of 2.00. The company has a 50 day moving average price of $15.38 and a two-hundred day moving average price of $17.25.

LendingClub (NYSE:LC) last issued its earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The firm had revenue of $252.25 million during the quarter, compared to the consensus estimate of $249.10 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. On average, sell-side analysts forecast that LendingClub Corporation will post 1.72 earnings per share for the current year.

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.