International Assets Investment Management LLC Has $2.32 Million Stock Position in LendingClub Co. (NYSE:LC)

International Assets Investment Management LLC boosted its holdings in shares of LendingClub Co. (NYSE:LC) by 617.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 265,696 shares of the credit services provider’s stock after buying an additional 228,684 shares during the period. International Assets Investment Management LLC’s holdings in LendingClub were worth $2,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in LendingClub by 11.8% during the third quarter. Vanguard Group Inc. now owns 13,111,119 shares of the credit services provider’s stock valued at $144,878,000 after buying an additional 1,381,527 shares during the period. BlackRock Inc. raised its position in LendingClub by 4.4% during the second quarter. BlackRock Inc. now owns 8,271,272 shares of the credit services provider’s stock valued at $80,645,000 after buying an additional 349,314 shares during the period. State Street Corp raised its position in LendingClub by 11.4% during the second quarter. State Street Corp now owns 2,709,576 shares of the credit services provider’s stock valued at $26,418,000 after buying an additional 278,215 shares during the period. Dimensional Fund Advisors LP raised its position in LendingClub by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,613,821 shares of the credit services provider’s stock valued at $18,845,000 after buying an additional 93,983 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in LendingClub by 173.2% in the 1st quarter. Balyasny Asset Management L.P. now owns 2,241,362 shares of the credit services provider’s stock worth $16,160,000 after purchasing an additional 1,420,857 shares during the last quarter. 74.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on LC. StockNews.com lowered LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Wedbush reaffirmed an “outperform” rating and issued a $11.00 target price on shares of LendingClub in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, LendingClub has a consensus rating of “Moderate Buy” and a consensus target price of $11.30.

LendingClub Stock Performance

Shares of NYSE LC opened at $7.91 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.83 and a current ratio of 0.89. The firm has a market cap of $873.35 million, a price-to-earnings ratio of 21.97 and a beta of 1.98. The business’s 50-day simple moving average is $8.26 and its 200-day simple moving average is $7.46. LendingClub Co. has a 52 week low of $4.73 and a 52 week high of $10.92.

LendingClub (NYSE:LC) last issued its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $185.60 million for the quarter, compared to analyst estimates of $182.13 million. LendingClub had a return on equity of 3.21% and a net margin of 4.50%. The firm’s revenue for the quarter was down 29.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS. As a group, equities research analysts expect that LendingClub Co. will post 0.23 earnings per share for the current fiscal year.

LendingClub Company Profile

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.