Northern Trust Corp Boosts Stock Position in loanDepot, Inc. (NYSE:LDI)

Northern Trust Corp boosted its holdings in shares of loanDepot, Inc. (NYSE:LDI) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,130 shares of the company’s stock after purchasing an additional 16,033 shares during the quarter. Northern Trust Corp’s holdings in loanDepot were worth $321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of loanDepot by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 775,097 shares of the company’s stock valued at $1,582,000 after acquiring an additional 54,350 shares during the last quarter. Cannell & Spears LLC increased its holdings in shares of loanDepot by 301.3% in the 4th quarter. Cannell & Spears LLC now owns 1,294,200 shares of the company’s stock valued at $2,640,000 after acquiring an additional 971,700 shares during the last quarter. Barclays PLC bought a new stake in shares of loanDepot in the 3rd quarter valued at approximately $2,180,000. Marshall Wace LLP increased its holdings in shares of loanDepot by 132.2% in the 4th quarter. Marshall Wace LLP now owns 465,297 shares of the company’s stock valued at $949,000 after acquiring an additional 264,928 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of loanDepot by 70.5% in the 4th quarter. JPMorgan Chase & Co. now owns 306,221 shares of the company’s stock valued at $625,000 after acquiring an additional 126,615 shares during the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their price target on loanDepot from $1.35 to $1.25 and set a “neutral” rating for the company in a report on Wednesday, April 16th.

loanDepot Price Performance

Shares of LDI opened at $1.32 on Monday. The company has a market cap of $433.83 million, a P/E ratio of -2.53, a PEG ratio of 0.25 and a beta of 3.38. The stock has a fifty day moving average price of $1.17 and a 200 day moving average price of $1.60. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. loanDepot, Inc. has a 12 month low of $1.01 and a 12 month high of $3.23.

loanDepot (NYSE:LDI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The company had revenue of $273.62 million for the quarter, compared to the consensus estimate of $275.11 million. loanDepot had a negative return on equity of 14.66% and a negative net margin of 8.95%. On average, research analysts forecast that loanDepot, Inc. will post -0.23 earnings per share for the current year.

loanDepot Company Profile

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.