Assenagon Asset Management S.A. Sells 1,630,513 Shares of LendingClub Corporation $LC

Assenagon Asset Management S.A. trimmed its holdings in LendingClub Corporation (NYSE:LC) by 76.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 491,289 shares of the credit services provider’s stock after selling 1,630,513 shares during the period. Assenagon Asset Management S.A. owned about 0.43% of LendingClub worth $9,305,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of LendingClub in the 3rd quarter worth about $26,000. Quarry LP lifted its holdings in shares of LendingClub by 343.0% in the third quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock valued at $46,000 after purchasing an additional 2,346 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of LendingClub in the third quarter valued at approximately $59,000. Jones Financial Companies Lllp boosted its position 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 valued at $67,000 after buying an additional 1,290 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of LendingClub during the second quarter valued at approximately $53,000. 74.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total value of $36,949.40. Following the completion of the transaction, the director owned 78,767 shares of the company’s stock, valued at $1,217,737.82. The trade was a 2.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on LC. Weiss Ratings restated a “hold (c)” rating on shares of LendingClub in a research note on Monday, December 29th. JPMorgan Chase & Co. increased their target price on shares of LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Piper Sandler reissued an “overweight” rating and set a $23.00 price target on shares of LendingClub in a research report on Thursday, January 29th. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, LendingClub presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

LendingClub Stock Down 3.6%

LendingClub stock opened at $13.87 on Friday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 12.06 and a beta of 2.11. The business has a 50-day simple moving average of $16.17 and a 200 day simple moving average of $17.26. LendingClub Corporation has a 52 week low of $7.90 and a 52 week high of $21.67.

LendingClub (NYSE:LC) last issued its quarterly earnings results on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. LendingClub had a return on equity of 9.47% and a net margin of 13.58%.The firm had revenue of $266.47 million during the quarter, compared to the consensus estimate of $262.88 million. During the same quarter last year, the company posted $0.08 EPS. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. On average, research analysts anticipate that LendingClub Corporation will post 0.72 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.