LendingClub Co. (NYSE:LC) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of LendingClub Co. (NYSE:LC – Get Rating) by 83.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,794,354 shares of the credit services provider’s stock after acquiring an additional 815,170 shares during the period. Dimensional Fund Advisors LP owned about 1.71% of LendingClub worth $19,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 626,217 shares during the period. State Street Corp grew its holdings in LendingClub by 11.8% in the second quarter. State Street Corp now owns 2,285,680 shares of the credit services provider’s stock valued at $26,720,000 after purchasing an additional 241,019 shares during the period. Point72 Asset Management L.P. grew its holdings in LendingClub by 98.9% in the second quarter. Point72 Asset Management L.P. now owns 1,989,500 shares of the credit services provider’s stock valued at $23,257,000 after purchasing an additional 989,200 shares during the period. Sei Investments Co. grew its holdings in LendingClub by 14.0% in the first quarter. Sei Investments Co. now owns 1,569,704 shares of the credit services provider’s stock valued at $24,760,000 after purchasing an additional 192,786 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in LendingClub by 18.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,376,942 shares of the credit services provider’s stock valued at $16,097,000 after purchasing an additional 210,588 shares during the period. 81.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LC has been the topic of several research analyst reports. Maxim Group dropped their price objective on LendingClub from $20.00 to $15.00 in a report on Tuesday, January 31st. StockNews.com raised LendingClub from a “sell” rating to a “hold” rating in a research note on Friday, February 24th. Finally, Janney Montgomery Scott lowered LendingClub from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Thursday, January 26th.

LendingClub Stock Performance

Shares of NYSE:LC opened at $8.99 on Tuesday. LendingClub Co. has a 1 year low of $8.23 and a 1 year high of $17.48. The firm has a market capitalization of $958.06 million, a PE ratio of 3.27 and a beta of 1.96. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.08 and a quick ratio of 0.91. The business’s 50 day moving average price is $9.53 and its 200-day moving average price is $10.62.

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 analysts’ consensus estimates of $0.20 by ($0.01). LendingClub had a return on equity of 13.75% and a net margin of 24.40%. The company had revenue of $262.70 million for the quarter, compared to analysts’ expectations of $258.37 million. During the same quarter in the previous year, the business posted $0.80 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities research analysts expect that LendingClub Co. will post 0.53 earnings per share for the current fiscal year.

LendingClub Company Profile

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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.