Allianz Asset Management GmbH Raises Holdings in LendingClub Corporation $LC

Allianz Asset Management GmbH boosted its position in LendingClub Corporation (NYSE:LC) by 48.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 293,066 shares of the credit services provider’s stock after purchasing an additional 95,240 shares during the quarter. Allianz Asset Management GmbH owned about 0.25% of LendingClub worth $4,452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LC. Asset Management One Co. Ltd. raised its position in shares of LendingClub by 7.4% in the second quarter. Asset Management One Co. Ltd. now owns 10,232 shares of the credit services provider’s stock valued at $123,000 after buying an additional 706 shares during the last quarter. Osaic Holdings Inc. grew its stake in LendingClub by 8.8% during the 2nd quarter. Osaic Holdings Inc. now owns 13,354 shares of the credit services provider’s stock valued at $160,000 after acquiring an additional 1,084 shares in the last quarter. Jones Financial Companies Lllp grew its stake in LendingClub by 46.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock valued at $67,000 after acquiring an additional 1,290 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in LendingClub by 5.3% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 25,840 shares of the credit services provider’s stock valued at $311,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in LendingClub by 9.5% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 25,310 shares of the credit services provider’s stock worth $304,000 after purchasing an additional 2,190 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

Insider Buying and Selling

In related news, Director Erin Selleck sold 2,390 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $19.47, for a total transaction of $46,533.30. Following the completion of the transaction, the director directly owned 76,377 shares in the company, valued at $1,487,060.19. This trade represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.31% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Janney Montgomery Scott upped their target price on LendingClub from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Piper Sandler reiterated an “overweight” rating and set a $23.00 price target on shares of LendingClub in a report on Thursday, January 29th. BTIG Research reissued a “buy” rating and issued a $26.00 price objective on shares of LendingClub in a report on Thursday, January 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LendingClub in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.00.

LendingClub Stock Performance

NYSE:LC opened at $17.25 on Wednesday. LendingClub Corporation has a fifty-two week low of $7.90 and a fifty-two week high of $21.67. The company has a 50 day moving average price of $19.26 and a 200 day moving average price of $17.48. The stock has a market capitalization of $1.99 billion, a P/E ratio of 15.00 and a beta of 2.08.

LendingClub (NYSE:LC) last released its quarterly earnings results on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. LendingClub had a return on equity of 9.62% and a net margin of 13.58%.The company had revenue of $266.47 million for the quarter, compared to analysts’ expectations of $262.88 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The firm’s revenue was up 22.7% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. Research analysts forecast that LendingClub Corporation will post 0.72 earnings per share for the current fiscal year.

LendingClub declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 5th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the credit services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

LendingClub 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.